Good link. Thanks. Here's an excerpt:Serious question, are we just making up the negative ramifications of increasing the minimum wage and regurgitating what we heard from politicians and Facebook or is some of this actually backed by data? because it sure seems like a bunch of “and then inflation is going to happen and we will all go broke paying for more expensive spicy chicken sandwiches and then there will be bread lines and we are all going to die.” Here is an article from an economic think tank that is actually a proponent of an increased minimum wage.
Why the U.S. needs a $15 minimum wage: How the Raise the Wage Act would benefit U.S. workers and their families
This fact sheet was updated February 19 with a new section on tipped workers. The federal minimum hourly wage is just $7.25 and Congress has not increased it since 2009. Low wages hurt all workers and are particularly harmful to Black workers and other workers of color, especially women of...www.epi.org
The Raise the Wage Act of 2021 would gradually raise the federal minimum wage to $15 an hour by 2025 and narrow racial and gender pay gaps. Here is what the Act would do:
- Raise the federal minimum wage to $9.50 this year and increase it in steps until it reaches $15 an hour in 2025.
- After 2025, adjust the minimum wage each year to keep pace with growth in the median wage, a measure of wages for typical workers.
- Phase out the egregious subminimum wage for tipped workers, which has been frozen at a meager $2.13 since 1991.
- Sunset unacceptable subminimum wages for workers with disabilities employed in sheltered workshops and for workers under age 20.
Sounds pretty good to me. I wasn't aware of the 2nd point and have been calling for it. Unfortunately, you can be quite sure the Rs will oppose that or any other inflation protection.