You all are so short sighted there isn’t even a conversation to be had. Try this https://youtu.be/A-I4Vsl-AEg lots of background but you can skip to 15min
The way I see it is higher minimum wage will just increase inflation which is already ridiculous. It would be better to tax/cap corporate profits, limit ceo compensation to 10 or 20x the lowest paid employee’s salary etc. People not earning a living wage is a symptom of broader issues, not the problem itself. By manipulating this symptom there are knock on effects that will just make things worse.
Minimum wage is a scam. When there is a floor employers aim for that instead of having to compete. It is like pre-collusion around wages.
You all are so short sighted there isn’t even a conversation to be had. Try this https://youtu.be/A-I4Vsl-AEg lots of background but you can skip to 15min
The way I see it is higher minimum wage will just increase inflation which is already ridiculous. It would be better to tax/cap corporate profits, limit ceo compensation to 10 or 20x the lowest paid employee’s salary etc. People not earning a living wage is a symptom of broader issues, not the problem itself. By manipulating this symptom there are knock on effects that will just make things worse.
Oh they got a youtube video!! I’m totally convinced!! Youtube!!! Youtube everyone!!!
They got a youtube video everyone!! DEBATE OVER
You: Employers aim for the floor! Also you: The floor should be 0!