The following is a 3 message exchange between 4 users
@9GBZCXB 6mos6MO
People can't live off of the money they make nowadays. The cost of living is so high. Therefore minimum wage should be high.
@9GC39TJ6mos6MO
I agree. Minimum wage should be increased. People nowadays find it hard to live with the amount of money they make a year.
@RoadrunnerAlexaLibertarian6mos6MO
During the 1960s and 70s, the UK experienced a period known as "stagflation", when wages grew rapidly but so did inflation, leading to an economic stagnation. Some economists argue that a sharp increase in the minimum wage could lead to a similar situation in the US. Additionally, small businesses might struggle to afford higher wages and could potentially lay off employees or close down, leading to job losses.
