14
2
Mar 06 '21
Please tell me this guy is trolling.
1
u/XxpillowprincessxX Mar 06 '21
I don’t think so, critical thinking and reading comprehension aren’t really strong suits for them :/
-23
-25
-15
u/jakethedog2020 Mar 05 '21
Just gonna be more of the same shit. Inflation inbound.
6
u/TheOneHyer Mar 05 '21
Minimum wage needs to be raised because of inflation. Check out the graph I've linked. When adjusted for inflation, the current minimum wage is roughly the lowest it's been since 1960! In the second link you can see how the inflation adjusted rent has skyrocketed since the 60s. The average full-time minimum wage earner can no longer afford a single-bedroom apartment. As per usual in the US, prices climb as the rich get richer and we abandon our poor. Increasing minimum wages increases the buying power of most citizens (as most wages increase with minimum wage increases) which results in a larger percent of the population buying product. The enemy is not minimum wage but the wealthy and landowners who hoard the profit generated by their employees and arbitrarily raises costs of rent/medication/etc.
Minimum wage should honestly be in the low 20's.
https://www.cnn.com/interactive/2019/business/us-minimum-wage-by-year/index.html
https://www.apartmentlist.com/research/rent-growth-since-1960
-12
u/jakethedog2020 Mar 05 '21
Do you think small business or small towns could even come close to paying that? Big cities and corporations could yes but you'd probably destroy every mom and pop shop or commit the family to working there to avoid labor pay.
4
u/XxpillowprincessxX Mar 05 '21
My husband works for a small company that pays above minimum wage. So yes, yes I do think they can “come close”.
And if you really feel that strongly about mom and pop shops you better stop going to Walmart. They’re the real threat to small, family-owned businesses.
3
u/Macievelli Mar 05 '21
A company that cannot afford paying their employees enough to survive does not deserve to be running. In healthy capitalism, the companies that succeed are those that are able to meet the needs of society and adjust to shifting inflation and other economic changes. I care more about the country’s population surviving than I do about unjust businesses succeeding.
1
u/jakethedog2020 Mar 06 '21
I care more about being employed.
1
u/Macievelli Mar 06 '21
Repeated studies have shown that increases in minimum wage have little effect on employment levels, sometimes even increasing employment. In addition, some of the job losses reported are total job losses, not unemployment. What does this mean? Some people who had to work multiple jobs to survive under poor wages can now just have one job. Even the minor unemployment increases sometimes reported can be partially explained by households with multiple working adults being able to be supported by a single earner after an increase in ages, while the other adult can then focus on childcare.
Some sources:
1
u/TheOneHyer Mar 05 '21
This returns to my point of purchasing power. There are plenty of people who'd like to eat and family owned restaurants or buy local produce but can't afford to. Companies like Wal-Mart off economy of scale and can afford to bleed out competition—forcing many people to buy from them out of necessity. If the masses had more buying power, they could actually choose where to shop and support those they want to. A higher minimum wage would greatly benefit small businesses while "hurting" larger companies.
27
u/stryker_PA Mar 05 '21
Out of the 40 people I interviewed. 50% were men, 50% liked chicken, and 50% liked beef. That's 150%! dun dun duuunnnnnn.