My wages will be going down this summer.
Congress voted in a minimum wage increase, which a lot of people regard as a good thing. But by setting a bottom level wage for unskilled workers with no education, I will see my real earnings go down.
Who's there to speak for me and the millions working within that bubble above minimum wage but still below a wage that's untouched by minimum wage increases? Who's there to speak for us? Why am I in college if I can get a guaranteed pay increase by sitting on my butt doing nothing productive to help the economy?
Sure, there are a lot of folks out there cheering the minimum wage increase. But I hate to break the news, but people who make minimum wage are not economists, and they have no idea how the increase affects the larger economy. All they know is that they will see a bigger number on their paychecks, and that the check cashing place will give them one more smiling picture of Andy Jackson per week that they can spend on lottery tickets cigarettes and booze rather than gain marketable job skills.
Meanwhile, those of us actually trying to build a better life just got pulled one step back. A minimum wage increase doesn't affect the Gates family in the least, but it DOES affect those of us trying to get by on a modest income.