Comments on: Is it Time to Lower the Minimum Wage? http://www.redstate.com/ben_domenech/2011/03/14/is-it-time-to-lower-the-minimum-wage/ Wed, 06 Mar 2013 23:28:45 +0000 hourly 1 By: drfredc http://www.redstate.com/ben_domenech/2011/03/14/is-it-time-to-lower-the-minimum-wage/#comment-2033 drfredc Mon, 14 Mar 2011 19:40:26 +0000 http://www.redstate.com/ben_domenech/?p=439#comment-2033 The solution to the MW getting out of hand is to make it self adjusting according to local unemployment by an automated formula.

Say the base MW is $8/hr at 5% unemployment. For every 1% in unemployment increase, the MW goes down 25 cents. For every 1% unemployment goes down, the MW increases 25 cents. For areas with 9% unemployment, the MW would go down $1 for new hires.

Do the localization according to zipcode, or some other localized system.

If an area has long term unemployment, having a lower MW will help that area get itself going rather than sitting around waiting for welfare checks.

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