The minimum wage has been a contentious issue for both sides of the aisle, and the Obama administration is now trying to put a dent in it with a proposed new rule that would require employers to pay tipped workers more than $15 an hour.
While it’s not clear how much the proposed wage would cost employers, it’s important to know that it could potentially raise the cost of online dating for some, and make it more difficult for some to meet up with partners.
In fact, a recent study found that online dating is a prime target for high-wage job seekers, as employers often hire more people with college degrees than others, and a large percentage of these people are in the online dating workforce.
According to a new study by the Center for American Progress, employers in Silicon Valley, the heart of the Obama economy, would be the hardest hit if the minimum wage goes up.
“If the minimum salary went up from $7.25 to $15 per hour, employers would be able to make up a greater share of the total workforce than they would have otherwise,” said Sarah Rizzo, co-director of the Center’s Employment Equity Program.
“The higher the wage, the more likely employers would offer more generous compensation packages to attract workers with the necessary qualifications.”
The study found it was employers’ highest priority to recruit more college graduates, so they had more of a choice of hiring workers with degrees than people with less education.
While employers might not be able make up for lost income if they could pay their workers a higher minimum wage, it would certainly help the economy, according to Rizzos report.
“Increasing wages and improving employment conditions for employees, as well as improving the working conditions of workers, could further increase employment and productivity in the economy,” she said.