Increasing minimum’s will always end up hurting the poorest as when minimums go up so do the costs of everything.
Take a bike made in China vs a bike made in America. They will be about the same quality yet the American one WILL be 2x more because they are paying a lot more per worker.
Yes I know there are more nuances but in general how shot works. If you are no longer paying a CEO the wage of 10-50 workers that money can be now used to drive down the price of your products or pay your workers a proper wage
How much has CEO wages increased over that time period?
Maximum wage over higher minimum’s to address income inequality
Since 1978 CEO pay increased over 1000%, average workers 28%
Too low min wage is the problem… Right
You don’t see a tie between the two?
Also curious why you replied twice with the same statement?
Another commenter here: the double reply thing was likely an app bugging on sending a reply.
Increasing minimum wages greatly increases inflation. Over paid CEO’s exponentially increases inflation.
Addressing actual issues will solve problems.
Increasing minimum’s will always end up hurting the poorest as when minimums go up so do the costs of everything.
Take a bike made in China vs a bike made in America. They will be about the same quality yet the American one WILL be 2x more because they are paying a lot more per worker.
Yes I know there are more nuances but in general how shot works. If you are no longer paying a CEO the wage of 10-50 workers that money can be now used to drive down the price of your products or pay your workers a proper wage