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[–] 197 points 4 months ago (23 children)

And pin it to an inflation index maybe?

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  • [–] 147 points 4 months ago (5 children)

    Pin it to congressional compensation.

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  • [–] 27 points 4 months ago

    Only if that includes what they make from all sources. I could see them being bribed into reducing their pay and framing it as a selfless move for bucket-crab voters. Their new owners will make the investment back as soon as employee pay gets adjusted back down.

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  • [–] 7 points 4 months ago

    I feel like many "cost of living" type laws need to be pinned together. For example the 401k yearly contribution limit and tax brackets should be defined as a multiple of minimum wage and not raised automatically each year without it.

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  • [+] -59 points 4 months ago (11 children)

    It will definitely increase inflation.

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  • [–] 59 points 4 months ago (5 children)

    That thing that's already gone up in the last 16+ years without the minimum wage doing up once?

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  • [–] 2 points 4 months ago (2 children)

    its performative for election, almost everywhere even in red states has raised the minimum wage since. remember one of the dem senators was introducing a bill about our flag, that amounts to nothing.

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  • [–] 8 points 4 months ago*

    Moving the goal posts for someone else doesn't negate the original comment's thesis. Raising minimum wage doesn't increase inflation, because as we've seen inflation has already gone up.

    Raising minimum wage (especially when tied to inflation and regional cost of living) often provides people with more spending power and work life balance. More money flows thru the economy while also allowing savings to increase. It can also cause other skilled labor jobs to see an increase in wages, and higher union attendance.

    Pay people better. Don't simp for the oligarchs.

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