It is a fact that states have several different minimum wages. The money paid into the social security system from workers in the various states is recognized as having the same value. So the retirement account contributions from workers with a low minium wage is less than that of states with a higher rate and that affects the retirement check amount for workers drawing social security. For some reason it seems unfair that a worker in the state of Washington is paid more in retirement than a worker in Texas because the minimum wage is much higher.
In an era where people relocate from state to state the concept of commity might reasonably be applied to wages for work in regard to minimum wage and employee contribution to the social security program.
Minimum wage levels are set in part as a consequence of political will by the political class. A choice to pay a low minimum wage means that the retirement account of the entire state's workers will be inferior to those of states with higher minimum wages. The minimum wage affects workers not just presently, it is a future designator of retirement income. The race between states to have a highest minimum wage is a low intensity conflict.
In an era where people relocate from state to state the concept of commity might reasonably be applied to wages for work in regard to minimum wage and employee contribution to the social security program.
Minimum wage levels are set in part as a consequence of political will by the political class. A choice to pay a low minimum wage means that the retirement account of the entire state's workers will be inferior to those of states with higher minimum wages. The minimum wage affects workers not just presently, it is a future designator of retirement income. The race between states to have a highest minimum wage is a low intensity conflict.
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