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Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise (www.businessinsider.com)

submitted 2 years ago by DeadWorld@lemm.ee to c/brainworms@lemm.ee

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cross-posted from: https://infosec.pub/post/916523

Sen. Bernie Sanders is once again calling for a higher federal minimum wage. The current rate has been $7.25 since 2009.

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[-] notacat@mander.xyz 2 points 2 years ago

The idea that a minimum wage increase causes inflation is a Fox news fantasy, not real life.

“Historical data supports the stance that a minimum wage has had a minimal impact on how companies price their goods and does not materially cause inflation.”

https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp

this post was submitted on 30 Jul 2023

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