Gallup: Inflation Causing At Least "Some" Hardship for 45% of U.S. Households (user search)
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  Gallup: Inflation Causing At Least "Some" Hardship for 45% of U.S. Households (search mode)
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Author Topic: Gallup: Inflation Causing At Least "Some" Hardship for 45% of U.S. Households  (Read 1713 times)
TheReckoning
Junior Chimp
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Posts: 6,761
United States


« on: December 05, 2021, 03:06:51 PM »
Quote from: PSOL on December 04, 2021, 02:10:48 PM
A minimum wage increase would have gotten people a wage that exceeded inflation months ago and would have allowed for more crucial savings and investments. It was a poor idea not to raise it back in January last year.

You do realize only about 3% of workers work on minimum wage, right? So raising minimum wage would have almost no impact?
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TheReckoning
Junior Chimp
*****
Posts: 6,761
United States


« Reply #1 on: December 05, 2021, 08:40:37 PM »
Quote from: Cassandra on December 05, 2021, 06:30:41 PM
Quote from: TheReckoning on December 05, 2021, 03:06:51 PM
Quote from: PSOL on December 04, 2021, 02:10:48 PM
A minimum wage increase would have gotten people a wage that exceeded inflation months ago and would have allowed for more crucial savings and investments. It was a poor idea not to raise it back in January last year.

You do realize only about 3% of workers work on minimum wage, right? So raising minimum wage would have almost no impact?

If the wage floor doubles, wages will rise across the board. Otherwise in certain places you would have low level guys making the same as managers.

That’s… not how it works.
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