This is sadly one of those situations where the guy's heart is in the right place but he is simply wrong on the number.
$11-15[1] by 2020 is a reasonable national range for a minimum wage with certain states/localities raising it higher. The simple fact is, the peach picker in rural Georgia has a lower cost of living than the Subway "sandwhich artist" in NYC.
[1] 2016 Dollars, permanently adjusting for inflation against 2016 USD indefinitely. This whole "random correct every so often" is simply disruptive to both businesses and workers since it makes projection difficult compared to small, annual raises linked to inflation.
$11-15[1] by 2020 is a reasonable national range for a minimum wage with certain states/localities raising it higher. The simple fact is, the peach picker in rural Georgia has a lower cost of living than the Subway "sandwhich artist" in NYC.
[1] 2016 Dollars, permanently adjusting for inflation against 2016 USD indefinitely. This whole "random correct every so often" is simply disruptive to both businesses and workers since it makes projection difficult compared to small, annual raises linked to inflation.