By Max Greenberg
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About this blog: I developed a special interest in helping seniors with their challenges and transitions when my dad had a stroke and I helped him through all the various stages of downsizing, packing, moving and finding an assisted living communi... (More)
About this blog: I developed a special interest in helping seniors with their challenges and transitions when my dad had a stroke and I helped him through all the various stages of downsizing, packing, moving and finding an assisted living community. I live in Palo Alto with my wife and we have three grown children, one still in college. I have been in the Bay Area since 1977 (except for seven years in Newton MA — just missed all that snow too much.) I've worked in sales and marketing in retirement communities for seven years, and have hired and managed home care workers for family members, and have a pretty good idea of how aging in place, or shopping for and selecting the right retirement community works. I now run my own business, Palo Alto Senior Living, providing real estate and senior transition services. This blog is designed to share my experiences, insight and knowledge with seniors and their baby boomer kids and provide useful information to help develop a roadmap for smooth transitions or aging in place. I welcome readers to share their experiences, both good and not-so-good, in the hope that we all can benefit from each other. (Hide)
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A Modest Proposal for Paying a Living Wage
Uploaded: May 3, 2016
I know that this is not directly related to Seniors, but this proposal could have a profound impact on everyone’s life so I put it out there for discussion. This proposal for paying low wage workers a living wage was overheard on NPR last week. I apologize that I did not get the name of the Englishman proposing it, but I believe he was a long-time US resident/citizen and taking part in a spirited discussion of the minimum wage.
His proposal was to pay all low-wage earners a “living wage”, defined by enabling a person to pay for the basic necessities of life and not depend on any form of subsidy from the government. That would include food stamps, free or reduced-premium health insurance, or any other form of being on the dole. The way to pay for this “living wage” would be to give a tax credit to the business that was paying it that would cover the difference between the “standard” wage in their industry and the “living wage.” The tax deficit this would create would be more than made up for with the savings on the no-longer-needed public assistance programs many low wage workers previously needed to live.
The benefits to this approach would include stimulating the economy due to putting more money directly into the hands of low-wage workers which they in turn would spend varying portions of. So rather than simply raising the minimum wage to $15, for example, and the resultant reduction in the number of low-wage jobs this would likely cause, more jobs would ultimately be created, and government assistance programs would shrink to cover the truly needy.
Not being an economist, off the bat I can’t see the downside in this proposal. Please join the discussion and share your thoughts.
What is it worth to you?
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