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With the higher minimum wage, we should try again to eliminate the penny...

Posted by Henry R32 #3730 on Fri May 2 18:06:15 2014

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Once the minimum wage becomes 10.10, it would take a minimum of 4 seconds for most working Americans to earn a penny. If the merchant dealing with pennies wastes you more than 4 seconds in line, both they and you have lost more productivity than the penny is worth.

Also I went to Canada last week, and honestly I really didn't care at all about prices being rounded to the nearest nickel. Fears of increased nickel usage due to the lack of pennies are also unfounded, I didn't find myself with any more Canadian nickels at the end of a day than I do US nickels at the end of a day here...

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