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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am a Democrat that supported Biden. But I don't understand why it seems to be $15 or nothing? Can they raise the minimum wage to $10 as compromise? [b] [b]The jump from 7 to 15 seems large[/b][/b], and concerning in terms of job loss and cost of goods. However, I do see the argument of not taking advantage of the lower paid and raising their wages. Why can there not be a happy medium proposed? I have not yet heard of a discussion of compromise. [/quote] Wtf??? [/quote] What about the fact that minimum wage workers have not had a raise in 11.5 years? Isn't that just as bad as a "jump"? What about the fact that in fact their earnings have been decreasing steadily since 1968 relative to the cost of living? In any case, it would likely be phased in. According to something I heard on NPR, the post-civil rights era minimum wage changes had a huge effect on narrowing the income gap between blacks and whites. [/quote]
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