You must have read about Gravity payments
Credit card processing company
His ceo Dan Price raised minimum wage in his company to $70,000k per year for all employees that were paid less than that amount
It's not new Henry ford doubled his assembly workers pay to $ 5 a day.
Question is do we need minimum wage to change?
Here's is a wage calculator showing Detroit
http://livingwage.mit.edu/metros/19820
So let's say you are two adults and 1 child
One of you is working to live a decent life in Michigan you need $42,000 per year.
If you are earning minimum wage you will end up with $18,700 per year
Two people working minimum wage will not cut it.
You will be close $37,400 per year
BCBSM ceo total competition was 7.4 million 2013 (American company)
Ford ceo total competition 23 million 2013 (American company)
Taco kfc yum brands ceo received 22 million in 2013 for compensation (American company)
Toyota ceo compensation 2 million dollars ( Japanese company)
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