Is Fox news unironically the best place to learn about your new favorite social dem?
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BTW $30 isn't like a crazy high number for minimum wage. The current number is well below the poverty line for families everywhere in the United States, and New York has a very high cost of living. Minimum wage is explicitly intended to provide "the wages of decent living." $30 per hour might actually be too low for New York City. $61,500 a year is barely going to pay the rent in the shittiest neighborhoods. https://www.zillow.com/rental-manager/market-trends/new-york-ny/
my two cents (and if my upvotes are any indication my two cents is worthless) the real problem is that when you raise the minimum wage, you build an opportunity for companies to raise the prices on everything, and then we get into an inflation problem.
Example, my home state can raise minimum wage from 9 to 12 dollars an hour, but that 25% increase in pay would be all the excuse Walmart would need to jack up the prices to cover their loses;
Not saying we shouldn’t have a working/livable wage, but we gotta do something that forces companies to pay the workers more, and the owners/CEO less some how. Like an inverse tax calculation that benefits the company for paying lots of people more, instead of just the few at the time a premium.
I’m sure an economist can explain this better.
Science and reality disagree with your feelings. Do not parrot the disingenuous spam from the oligarchs.
Yeah, but note that if the supermarket pays its employees 25% more, that does not mean that the costs for the supermarket rise by 25% overall, since wages are only a small part of total expenses. The cost of products would rise way less than 25%.