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
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