Inflation's Impact: $15.00 an Hour Minimum Wage Not Enough for Job-Seekers (user search)
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  Inflation's Impact: $15.00 an Hour Minimum Wage Not Enough for Job-Seekers (search mode)
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Author Topic: Inflation's Impact: $15.00 an Hour Minimum Wage Not Enough for Job-Seekers  (Read 3666 times)
Orwell
JacksonHitchcock
Junior Chimp
*****
Posts: 5,413
United States
« on: October 28, 2022, 04:06:19 PM »
Quote from: DT on September 04, 2022, 10:57:14 AM
The #1 driver of inflation hasn't been government stimulus or supply chain issues, it's been a tight labor market that has driven-up wages.

Unskilled workers may be able to demand $20/hour now, but that won't last through the next recession.  Higher minimum wages elongate and weaken job recoveries, for this reason. 

If we just tied the minimum wage to inflation in 1938 the current minimum wage would be 5.26, I think the idea of the ever-rising minimum wage is stupid.
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