Minimum Wage
Your article on the minimum wage was very interesting.
We heard the same arguments against it, when the 25-cent hour minimum wage was passed.
I believe it is true, that often, when wages go up, prices go up, which maintains the same level of “real wages” even though the “money wages” are increased.
One way to overcome this is to encourage or require the employer to pay more fringe benefits, such as vacations with pay, paid sick leave, health and dental insurance or the same amount of wages for less hours. This raises the employee’s standard of living even though he is getting the same wages.
DAVID BINGHAM
Burbank
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.