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Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise
(www.businessinsider.com)
this post was submitted on 30 Jul 2023
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As long as I get a 9.75$ bump in my salary I'm ok w/ this. Otherwise all us that make more than that take a hit because it will cause inflation.
In Netherlands workers already make $20 something an hour and their prices aren’t any different than us. The big boss just doesn’t get as big of a bonus. People working 40 hour weeks should be able to put a roof over their head and live a decent life. They do it in Europe, so we are going to do it here.
"Fuck you, I got mine"
The idea that a minimum wage increase causes inflation is a Fox news fantasy, not real life.
“Historical data supports the stance that a minimum wage has had a minimal impact on how companies price their goods and does not materially cause inflation.”
https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp
Actually, I think the whole point of the minimum wage increase proposal is to reduce income disparity, not perpetuate it.
If all you did was increase everybody's income by $10 an hour, then you will still decrease income disparity, but not as much as if you simply raised the bottom end.
A lot of people at the upper end are going to receive income boosts that are not in line with your goals.
As someone who is middle income earner myself, we have instituted a $14 an hour minimum wage has increased costs of things like food and groceries. However, at the same time the people who are doing those jobs still have a right to live comfortable lives.
In addition, stores and restaurants were having a very difficult time finding anyone to fill empty positions at the lower wage levels since they paid very poorly prior to the minimum wage increase. Things are a little better now.