Total compensation is key in minimum wage debate
One of the problems with the minimum wage debate is the name itself. If we want to ensure that we don't hurt lower-income workers, we should consider total compensation, not just wages. Case in point: Bill H. earns $15 an hour as a parking lot attendant. Lisa W. earns $12.25 an hour at a fast food restaurant. But Lisa's employer provides merit raises, paid vacations, health insurance, management training, education scholarships, childcare assistance and a 401k retirement plan.