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Reply to "How much raise should my wife ask for now with Biden and $15/h minimum wage?"
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[quote=Anonymous]There are plenty of places that have raised the minimum wage and guess what, the sky did not fall down. Jobs did not leave in droves. In fact, the majority of economists who have studied and focused on this issue agree that raising the minimum wage to 15/hr has little to no impact on job/job loss, but has a significant impact on ability of the working poor to be able to afford basic necessities. and anyway, we seemed to be able to 'afford' 2 trillion in tax cuts for the super wealthy. also did you know that the minimum wage has actually gone down, esp since Reagan? adjusting for inflation, the minimum wage in 1968 is equivalent to 10.15 in today's dollars. So, basically the working poor have gotten poorer over the past 50 years. If it had tracked with average age, it woul dbe aroudn 12.00 an hour and if it had tracked with productivity, closer to 22/23.00 an hour. [/quote]
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