this post was submitted on 30 Jul 2023
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cross-posted from: https://infosec.pub/post/916523

Sen. Bernie Sanders is once again calling for a higher federal minimum wage. The current rate has been $7.25 since 2009.

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[–] [email protected] 2 points 1 year ago

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