In some pretty awesome and uplifting news, Kentucky State University’s interim president Raymond Burse has given up more than $90,000 of his nearly $350,000 salary to help raise university workers’ minimum wage to $10.25 an hour.
Black male excellence
I can respect that, but this illustrates perfectly why raising the minimum wage to $15 an hour wont work… he raised the wage to $10.25 for university workers, only a $3 raise and it cost $90,000. 90k that would not have existed if it were not for this selfless mans generosity.
He paid the bill, so to speak. If it wasn’t for him, the cost for tuition would have had to go up to cover the pay increase.
You see the problem with this on large scale… right?
The money has to come from somewhere. He gave up a two tax brackets to give them a raise. If he hadn’t tuition would have gone up, and you all would be upset next year about how many more students couldn’t afford to go to this college.
And rally for government subsidies and loans…which cost even more taxes.