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So it should not be a problem to raise it... "Scott Bessent believes federal minimum wage should not be increased" - https://www.nbcnews.com/video/scott-bessen

• LanceH 2y ago
  [flagged]
  • monknomo 2y ago
    you are hardly steel-manning something with a comment like that If you look at minimum wage purchasing power over time, it peaked in about 1970, with about $15-equivalent 2025 dollars. That tracks fairly closely with purchasing power having declined 68% since the last time minimum wages were updated. Should probably tie it to inflation while we're in there
• sparky_z 2y ago
  I'd rather not put even more of the economy under even stricter control of the federal government just now, with so much chaos afoot. Giving state governments even less room to maneuver to weather whatever comes next doesn't seem wise to me. Especially when (as you seem to implicitly agree?) there's not much of a current problem that needs solving, but you just feel like we should anyway because why not?
  • explodes 2y ago
    Because it hasn't been raised in many many many years and hasn't kept up with inflation.