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The minimum wage increase that Biden is pushing for is radical. He wants a 15$/hour minimum wage, which if I believe Wikipedia would be the highest minimum wage

The minimum wage increase that Biden is pushing for is radical. He wants a 15$/hour minimum wage, which if I believe Wikipedia would be the highest minimum wage in the world right now. Not saying that's a bad thing, but I think it would qualify as left-wing in most countries. Agreed about social safety nets and most other policies. Sometimes it feels Americans don't realize how uniquely chaotic and inefficient their system is, compared to every other western country. The healthcare system in particular.

ansible 6y ago
Eh, it isn't that radical. These people making minimum wage are likely working part-time, so they don't get medical insurance. They often have to find two or more part-time jobs. Do they are working more hours than a full time job, but still don't have medical. An increase in the minimum wage will help a little, but having affordable health care works help more.
542354234235 6y ago
> would be the highest minimum wage in the world right now. Australia's minimum wage for people over 21 is over $15 USD for full time work, and over $19 USD for part time (you receive a 25% casual loading rate increase for part time work). [1] That comes out to about 70% of their GDP per capita (working 38 hours per week, 50 weeks a year). The US going to $15 an hour would only be 43% of GDP per capita. If the US paid its minimum wage workers according to our actual economic output per person, our minimum wage would be $24 an hour, to match Australia. I wouldn’t really call $15 an hour radical. [1] https://blog.aigroup.com.au/australia-had-the-highest-minimum-wage-in-the-world-in-2019/ https://blog.aigroup.com.au/australia-had-the-highest-minimu...
temp8964 6y ago
More economists agree it will increase unemployment per IGM survey https://www.igmchicago.org/surveys/the-us-minimum-wage/ https://www.igmchicago.org/surveys/the-us-minimum-wage/
goatinaboat 6y ago
The minimum wage increase that Biden is pushing for is radical. He wants a 15$/hour minimum wage By 2025, and only for Federal workers. The small print in that promise that only came out after the election.

ansible 6y ago

Eh, it isn't that radical. These people making minimum wage are likely working part-time, so they don't get medical insurance. They often have to find two or more part-time jobs. Do they are working more hours than a full time job, but still don't have medical. An increase in the minimum wage will help a little, but having affordable health care works help more.

542354234235 6y ago

> would be the highest minimum wage in the world right now. Australia's minimum wage for people over 21 is over $15 USD for full time work, and over $19 USD for part time (you receive a 25% casual loading rate increase for part time work). [1] That comes out to about 70% of their GDP per capita (working 38 hours per week, 50 weeks a year). The US going to $15 an hour would only be 43% of GDP per capita. If the US paid its minimum wage workers according to our actual economic output per person, our minimum wage would be $24 an hour, to match Australia. I wouldn’t really call $15 an hour radical. [1] https://blog.aigroup.com.au/australia-had-the-highest-minimum-wage-in-the-world-in-2019/ https://blog.aigroup.com.au/australia-had-the-highest-minimu...

temp8964 6y ago

More economists agree it will increase unemployment per IGM survey https://www.igmchicago.org/surveys/the-us-minimum-wage/ https://www.igmchicago.org/surveys/the-us-minimum-wage/

goatinaboat 6y ago

The minimum wage increase that Biden is pushing for is radical. He wants a 15$/hour minimum wage By 2025, and only for Federal workers. The small print in that promise that only came out after the election.