That is not what is being proposed. There has been a call and in some states a realization of 15.00 an hour. That's 30,000.00 a year. 15.00/hr is twice the current rate, actually, a bit over double. In states where the 15.00/hr minimum wage was mandated, workers were laid off. technology became cheaper than labor and was implemented to replace the workers. That hardly sounds like the 15.00/hr minimum wage had the desired effect. Even the 10 to 11 dollar/hr that has been floated would drive many small businesses to cut jobs, raise prices or reduce the size of produced products. 22.00/hour is not average in my state. Average income here is about 12 to 15 an hour.
that 37 cents/hr translates to 740/year extra per employee. in a company with 2000 employees, that is a cost of 1.5 million dollars EXTRA in labor costs. By the way, if Joe fry cook is getting 15 an hour, the average salary will no longer be satisfactory to the skilled work force which will also drive up labor costs that are not being factored in. A welder making 22/hr. will no longer be satisfied when a fry cook can get 15.00 with no skills. Companies do not absorb losses; even if it comes from wages. Those costs are always passed to the customer.