MOT POLL Ballots Listings

General Subject: Y-List: Political Ballots

Minimum Wage

Ballot creation date: 12/28/2016

Facts


Fact: The minimum wage in the United States is set by a network of federal, state, and local laws. Fact: In 1968 the federal minimum wage was set using inflation-adjusted dollars, but without any allowance for future inflation. Fact: From 2014 to 2015, nine states increased their minimum wage levels through automatic adjustments, while increases in 11 other states occurred through referendum or legislative action.

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Analysis and Conclusion relative to theft:


A minimum wage number is set by a compassionate and realistic value placed on the buying power of the US dollar. The buying power of the dollar changes with the inflated value (inflation) of the dollar over time. This change is set by what is called an inflation rate, which is a percentage over the previous year’s buying power of the dollar. “Hell, when I was your age a hot dog only cost a nickel!” is a popular reference that relates a misunderstanding between numbers and buying power over time due to inflation. Is it too difficult to imagine that a mandated minimum wage could be simply tied to the increased percentage of inflation in ‘constant dollars’ every January 1st? This would maintain a fair buying power of the wage over time. It would largely eliminate the hundreds of thousands of hours spent yearly by elected politicians and their staffs to banter back and forth about such a simple thing that needs no bantering. This MOT Poll ballot weighs the theft of salaries by politicians who maintain their high positions by some perceived brokering of minimum wage considerations year after year in order to have something ‘of importance’ to do.

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