Do you support 15$ minimum wage?

[🐒Gods of Prosperity🔱🐲💸]

Nope, bad idea except maybe in places like San Francisco or Manhattan.  But Seattle, according to some analysis, is already seeing ill effects at $13.

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https://www.seattletimes.com/business/uw-study-finds-seattles-minimum-wage-is-costing-jobs/

A much better approach would be higher taxes on profits, redistributed through EITC. That could have the same overall cost for businesses, but it wouldn't fall disproportionately on sectors/businesses that rely on high levels of labor investment.

[🐒Gods of Prosperity🔱🐲💸]

No. If implemented immediately and arbitrarily, it would be a death knell for many small businesses with thin profit margins, would price unskilled, often poorer workers out of the marketplace, and lead to higher prices for consumers. This is another example of a well-intended policy that would have nearly the opposite effect it was meant to have - improving the economic outcomes of the poor and vulnerable.

I could be wrong, but IIRC most of the specific proposals at the local and state level to increase the minimum wage to $15 involve it being raised incrementally to that point over at least a few years.

After an appropriate incremental raise to somewhere in the neighborhood of $15 give or take, tying the rate to inflation would be a long overdue step to removing this as a political football where, inevitably, the raise follows several years of stagnation and only then catches up to inflation, only to be chipped away again over several years of political inactivity and stagnation.

Sure, but much of the political impetus of this movement is behind a "$15 Now!!" style of implementation. It makes better politics than saying "Fight for $15* (over 5 years and then indexed to inflation.)"

How about "$15 in 15 years!" ?