I was a part of this recent piece with Erin Moriarty on CBS Sunday Morning, “Battle for a Living Wage.” (You can catch me around the 5:45 mark).
The piece is about the movement to raise the minimum wage to a “living wage” of $15/hour. My contribution was to take a look at the budget for a minimum wage worker, Nancy. With fairly low expenses, she’s probably doing better than most, but is unable to put aside money for emergencies.
It’s an important and complicated issue. I believe that hard working people should be able to support themselves and their family. At the same time, I know from experience that the way to make more money is to make yourself more valuable. I had a minimum wage job, but that was long ago. I wish the best to Nancy and her family.
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