You’re a shitty economist buddy.
Less than 15% of minimum wage worker’s are teenagers (age 14-19), the rest are adults aged 20 and over (85.7%). So lets stop pretending that these jobs are meant for students. The economy is shit and unfortunately, people have to settle for low wages because the alternative often is unemployment.
Higher paying jobs doesn’t equate to ‘harder jobs’. Often, the higher a position is, the less labor you are required to do.
"And when the minimum wage goes up, the price of everything goes up."
Inflation doesn’t necessarily work that way. Obviously, you’re just regurgitating the bullshit theories conservatives spew out while disregarding the statistics and history that proves otherwise. But since you’re using that argument, why not raise the minimum wage with the rise of inflation? Or productivity even?
If we had raised the minimum wage with the rise of productivity since 1968, it would currently be $21.72. In other words, we are creating far more and producing more profit for corporations, while being paid for a third of what we use to.
What do you have to say about that?
And raising the minimum wage to $10.10 will raise 1.7 million families out of poverty and reduce the need for them to use public assistance, saving the federal government $7.6 billion per year. Would you say you’re you against that?
The current federal minimum wage is $7.25. In none of the 50 states is that enough money to pay the average rent for a 2-bedroom apartment.
The minimum wage used to be able to keep a family of 3 above the poverty line. Now, the minimum wage can’t even keep a single parent working 40 hours a week, for an entire year without a single day off, above the poverty line.
When you raise the minimum wage, you’re putting more money into the pockets of the lower/working class. Their money is directly put back into the economy when the buy food, pay bills and generally spend their money. As oppose to higher paid people who have the luxury of saving their earnings. That means that businesses will generally make more money because the working class has more money to spend.
That’s my argument for raising the minimum wage, I would love to see your attempt to counter it.
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