04-13-2021, 09:15 AM
(04-12-2021, 09:54 PM)Classic-Xer Wrote:(04-03-2021, 09:43 AM)David Horn Wrote:(04-02-2021, 12:21 PM)Anthony Wrote: Not surprisingly, I agree with Joe Manchin. Let's go to $11 an hour for now - so long as the minimum wage is thereafter indexed to an "unchained" CPI once the minimum wage does reach that figure.
And the Democrats have only themselves to blame - because of the Culture Wars, which they started - for being forced to compromise on this, and so many other issues.
$15 is low today and far outdated by the time it finally arrives. $11 is an insult. If the minimum had kept pace since 1973, it would be $20+. I do agree that the laser focus on culture issues has been much of the problem. It seems to be that advancement on trend line A must be offset by stagnation on trend line B. It’s not right, but it seems to be the case. And no, I don’t have a solution for that.
I think you should go big and impose 60$. You won't have much of an economy left but whatever, that's beside the point.
If we had followed the trend from the end of WW-II through roughly 1973, the minimum wage would be between $20 and $22 an hour. People getting paid at that level have disposable income, meaning more spending overall. More spending leads to more profits for businesses, who then need more workers to do what they do. So how is this bad?
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.