2 ms·
Like most such proposals, there's very little chance of anything happening. Still, it would amount to a $15/hr minimum wage for companies that are doing well an
by ijpoijpoihpiuoh 8y ago
Like most such proposals, there's very little chance of anything happening. Still, it would amount to a $15/hr minimum wage for companies that are doing well and want to return value to shareholders (unless doing so via dividends would be more efficient). Alternately, companies could just sit on the profits until a friendlier administration came into power.
Why not just pass a $15 minimum wage if that's the policy goal? Asking this question as a Democrat. This seems like an unnecessarily complicated way to achieve the outcome.
- dfxm12 8y agoWhy not just pass a $15 minimum wage if that's the policy goal? Asking this question as a Democrat. US Senate Democrats don't have the power to do this. You do see this in local governments where they do (like NY). I might also wonder if this is the true policy goal nationally, or if they are just floating ideas out there to see the public opinion on them. e.g., If a $15/hr minimum wage isn't passable in their careers, maybe this would be and is a step in that direction. Additionally, saying something new like this gets their name in headlines, which tends to be a goal for national politicians (especially when not attached to a scandal).
- ijpoijpoihpiuoh 8y agoUS Senate Democrats don't have the power to do this. They don't have the power to limit buybacks preconditioned on $15/hr wages either. Their lack of power to effectuate a national minimum wage doesn't seem to explain the choice to float this policy.