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I don't understand why minimum wage isn't just increased somewhat quickly over a few years. e.g. 7.25 -> 8.25 -> 10.25 -> 13.25 Over a few years to allow busi
by sornaensis 7y ago
I don't understand why minimum wage isn't just increased somewhat quickly over a few years.
e.g. 7.25 -> 8.25 -> 10.25 -> 13.25
Over a few years to allow businesses to adjust their margins gradually. Increasing the income at the bottom will increase spending, which should be good for businesses like these that are employing low skill/pay workers.
- mywittyname 7y agoBecause a gradual increase had the chance to be neutered by future politicians. It's rare to get the opportunity to actually increase minimum wage, so it makes sense to get several years worth of increases in one go.
- thatfrenchguy 7y agoThat’s what they did in Seattle & San Francisco
- sornaensis 7y agoAh, I did not know that.