Increasing minimum wage puts more money in the economy which people will spend which puts more money in businesses so they can pay their people more putting more money in the economy.
The only reason the wealthy don’t like this is because their money passes through the hands of the unclean masses instead of going directly into their offshore tax haven accounts.
This has been studied over and over and always with the same results. The economy isn’t hampered, jobs aren’t replaced by machines and overseas workers, the cost of goods doesn’t go up, and factories don’t close. The main impact is that quality of life increases, health spending increases (now that people can afford to take their kids to the doctor), and corporate profits decrease very slightly.
Especially in this economy of runaway corporate greed, we need a meaningful increase in wages
corporate profits decrease very slightly
This is the thing that people will reflexively point to, but this:
quality of life increases
This is the real issue. If quality of life increases, workers are less desperate, and are less willing to put up with their employers BS. Moreover, if other jobs are also paying a living wage, it’s much easier to quit.
We have seen, over and over, that businesses are willing to spend money to exert control over workers. They’ll do it even if it means a decline in profits, or even in revenue. Because at the end of the day, if you have your needs met, any money left over is just power, and power is meant to be used to control others.
No, but it makes business owners more likely to outsource or replace with AI.
Guess we need to get rid of business owners then.
So if you owned a business, you’d like to be removed from that position?
I do own a business. I’m the sole and only employee, as it should be unless I want to establish a partnership.
So you’re self employed. This study doesn’t apply to you.
It’s going to blow your mind once you find out about cooperatives.
It’s going to blow your mind to find out how often new businesses fail.
Are you just spouting our random things thinking it makes your earlier point more valid?
???
What, exactly, do you think your point is?
Where I live, Washington, the minimum wage is $16.28 p/hour. Across the border in Idaho, the federal minimum applies — $7.25.
Businesses on the higher-wage side of the border are doing fine, and Spokaners do not drive across the border into Coeur d’Alene for cheaper groceries or a half-price Big Mac.
Spokaners do not drive across the border into Coeur d’Alene for cheaper groceries or a half-price Big Mac.
I actively boycott any and all ID businesses, because of the state’s shitty labor and reproductive-rights laws and its nurture of Christofascism. They can Gilead all they want but it won’t be with my financial support.
They just come into WA for the medical center and clog up the system. ID residents should be banned from receiving medical care in WA.
ID residents should be banned from receiving medical care in WA.
But I think accelerationist policies often hurt vulnerable people…
They can go to their own hospitals instead of placing the burden on Washington
Sure. But this is kinda just accelerationism/xenophobia, no? For example, replace “Idaho” with “Mexico” in your argument, and it gets pretty ugly pretty fast IMHO.
Does it? I think Canadians have hospitals and they can use those. Not seeing the ugly.
I’m seeing you being slapped in the face with their point and just refusing to acknowledge it. Cringe AF.
Mexicans are sick and tired of Americans and their medical tourism coming down to Mexico for affordable health and dental care
