Higher minimum wage ->
More spending power beyond bare necessities, money gets actually saved for bigger purchases rather than quick fixes (alcohol, drugs) ->
Higher level of demand in products creates more demand for labor and creates more jobs ->
Innovative enterprises have an easier time to get off the ground, traditional businesses profit from higher consumption ->
Higher national utility and happiness overall
So why do people oppose raising the minimum wage again?
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i support minimum wage increasing with inflation since its pretty high atm
thats about it though
I think we should raise it to around $100 an hour.
That way, everyone can stay connected with current tech, buy homes, and contribute to worthy charities.
Raising the minimun wage will mean that the worth of your labour is raised without the quality of your labour being raised. So you are earining more than you deserve. And if yo are earning more than you are contributing you will most likely lose your job. So if a bunch of low-skilled workers lose their jobs they will depend on welfare and cost society. Immigrants will also see the amount of low skilled work and come in. They will work in the black market. sooo yeah
I hope you are trolling you fucking Socialist
Son of a small business owner here. This would be their worst nightmare. If you're on minimum wage it's your fault. Fuck off with this conjecture and fantasy left wing twaddle.
Too on the nose?
there are two ways to force higher inflation:
increase the interest rates (that would fuck the debt bubble pretty hard)
set a new zero to wages (ubi or minimum wage basically all result in an adjustment of wages across the table)
I think small incremental increases are still the best. You can't just increase it to $15 on a whim.
Min wage should be adjusted every year with inflation.