Save Social Security by Raising the Minimum Wage to $8 per hour [View All]

[G Edward Cook]

Save Social Security by Raising the Minimum
Wage!!

Raising the minimum wage from $5.15 per hour to $8.00 could not
only help millions of Americans but could save our Social Security.

I feel the minimum wage of $5.15 per hour is immoral. A person
working forty hours per week, 52 weeks a year clears almost enough to
pay for medical insurance for his family. This is a disgrace! The
minimum wage hasn't gone up in years. We need to raise the minimum
wage to $8.00 per hour then raise it another 25 cents per hour each year
thereafter.


Raising the minimum wage to $8.00 would shore up social security
because of the added taxes paid to the Social Security Fund. This
amount would be more than you would think.

A worker earning the minimum wage of $8.00 would contribute an
extra $712.28 per year to the Social Security fund. The worker would
pay $364.14 and his employer would pay the same. The worker would
still clear an increase of over $100 per week in his paycheck.

The government is saying our Social Security Trust Fund will run out
in about forty years. I have estimated the extra money collected by all
the people working for minimum wage and the extra earned by those
earning less than $8.00 per hour over the next 40 years along with a very
modest interest would equal trillions dollars.

Please checkout my website GEdwardCook.com
My e-mail [e-mail]

Thanks for your support,
G Edward Cook