We all pay the price when workers earn less than a living wage
Regarding the Aug. 2 editorial “Sobering news for minimum-wage boosters”:
I agree with Montgomery County Council member Marc Elrich (D-At Large) that a recent minimum-wage study is seriously flawed. Asking business owners for their projections obviously would produce biased results. The projected 23 percent loss in jobs resulting from increasing the minimum from $11.50 to $15 per hour indicates that there is an extremely small margin for payroll, which is difficult to credit.
These studies apparently do not take into account other factors. How many people may be able to stop working two or more jobs to make ends meet? We often hear about trickle-down economics, which is notoriously ineffective. What about the extra money that would stay in the communities where it was earned? Trickle-out economics?
The editorial board mentioned the personal and societal benefits of paying a true living wage. The monetary value of these benefits is hard to quantify and predict; however, they contribute greatly to building stronger and more peaceful communities, which is something we desperately need.
Allowing businesses to pay less than a living wage is the worst form of socialism. Such businesses prosper because society bears the burden of families living in poverty. The price that we all pay for such a system is unsustainable and unconscionable.
Charles Goedeke, Laurel