Everyone crying that it won't work, I NEVER see them suggest an alternative to the cost of living crisis. Their plan is just to get slowly boiled alive like wtf.
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Do people in power not realize that if workers make more money they'll also spend more money, thereby helping businesses profit?
Seems they began the process of willfully ignoring this fact in the 1970s, and it’s now gotten to the point where no, they don’t realize, because they’re so divorced from reality they can’t.
The late 1970s was when the top tier tax rate fell below punitive levels. Unlike in the 1950s and 1960s (91% top-tier tax rate), there was more benefit to accepting the tax than spending the excess revenue on deductible expenses.
The tax policy used to drive the rich to spend their money rather than hoard it.
That would result in a redistribution of wealth. I think most billionaires would rather live in an Ivory Tower in the middle of the desert than live in a 10-bedroom mansion alongside lesser millionaires in a diverse and prosperous city. They really couldn't give a shit about normal people which is why people like Bezos want to bring in robots to do the work.
But the rich lose control when wealth is redistributed
But then the poors will have more power.
A strong middle class is much harder to rule.
Even if you don't get it - start at $30 bucks. The current is $16.50. If you get negotiated down to $20/hour you just gave every body on the bottom a more than 20% raise. I don't think it's reasonable to expect New Yorkers to live on $40k/year but it's a hell of a lot more reasonable than $33K/year.
I understand why minimum wages need to be monitored closely, and doled out with forethought and compromise. I get that raising up the bottom very suddenly tends to just be accompanied by price increases that ultimately still benefit the wealthy.
But it's also just true that feeding money into the bottom of the system always pays greater and more impactful dividends than trying to somehow feed even more to the top. It's been proven time and time again, and yet we're always told it's pointless to try it this time, because Rich people will just find a way to get it back. Duh, that's what Rich people do. They use their advantages to gain more advantage. But the more people's hands that money flows through on the way back to the wealthy, the better off we all are.
If it gives the poors a choice, the rich can’t have it.
You let those bottom 20% climb out of poverty and suddenly gain a choice in where they work/shop/spend their sudden disposable income? Well that might lead to demands of quality products, equitable availability and pricing, and less money for my cash stack throne!
They’ll ignore the mountain of starved child carcasses if there’s another 100 on the stack.
If you get negotiated down to $20/hour you just gave every body on the bottom a more than 20% raise.
This is such a toxic pov
The people who complain about higher minimum wage are the same people that also complain about crime and the unhoused. What if you simply paid more in taxes and then some of these problems were alleviated? What if public transportation in the US was just way better. Shit this became a fuckcars ad lmao.
which would have to be approved by lawmakers
I foresee checks and balances working as designed, protecting capitalists' profits and shielding them from paying a livable wage, again.
And the more people who try this, the more it makes said lawmakers look bad. I'll tell you one thing. We certainly aren't going to accomplish it by not trying. So I say let the man cook.
Mamdani ONCE looked at A Nazi Tattoo through a WINDOW! We HAVE to Vote for Donald Trump's Sexual Deviant friend INSTEAD!
I'll believe it when it comes into effect. That's a lofty promise.
It isn't a promise to raise the minimum wage. The mayor doesn't have the power to do that. It is a promise to push and lobby towards that goal.
For a supposed democracy, Americans really tend to gravitate to a single source of power (king, dictator) mentality.
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