3 ms·
It's more of an example of bracket creep isn't it? And I would say increasing minimum wage having a large impact on businesses is more of an example of unmanag
by JauntyHatAngle 9y ago
It's more of an example of bracket creep isn't it?
And I would say increasing minimum wage having a large impact on businesses is more of an example of unmanageable wealth distribution. Minimum wage should be a safety net to make sure people are paid at least enough to survive. If everyone is already lying in that net then yeah, it gets a lot harder to raise it.
I would think that when most of the wealth increase over the last 20 years has been for the very rich, then spending is down and margins get thinner for the (growing) very poor.
So not only do you have a large proportion of minimum wage earners, you also have less disposable income. Raising the minimum wage is sort of a mini-stimulus package for people, but also increases the burden on struggling businesses. I guess they don't balance out as easy in some businesses.