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A higher minimum wage puts upward pressure on wages at the lower end of the scale, which helps the working class so that they aren't working and on medicare, se
by suzzer99 2y ago
A higher minimum wage puts upward pressure on wages at the lower end of the scale, which helps the working class so that they aren't working and on medicare, section 8, food stamps etc. - as many Wal-mart workers currently are. That saves us money in the long run.
When Seattle raised the minimum wage to $15/hour, everyone screamed it would lead to mass unemployment. That never happen. Suddenly the lower class had more money to spend, which boosted the economy as much or more than higher wages hurt bottom lines.
- milesrout 2y agoHigher minimum wage doesn't put upward pressure on other low wages, and even if it did, pushing up the wages of people making $30/hr by taking away jobs from people making $20/hr to put them on benefits earning $15/hr is obscene. >which helps the working class so that they aren't working and on medicare, section 8, food stamps etc. - as many Wal-mart workers currently are. That saves us money in the long run. A higher minimum wage leads to lower employment not higher employment. >When Seattle raised the minimum wage to $15/hour, everyone screamed it would lead to mass unemployment. That never happen. It has been shown many times that a higher minimum wage causes less employment. It is also obvious from first principles and basic logic. Price controls are a very bad idea, and wages are no exception.