Even though in the past the minimum wage was less, you could buy more for one hour of work than what you can today.
@9GFNZM96mos6MO
I think this is true. The amount of inflation this country has seen since COVID is out of control. Families that once had a few extra dollars are no longer able to save anything and find theirselves struggling to even make ends meet. If the inflation continues down this path, parents will be working all the time and some taking on two or three jobs just too survive.
@EuphoricVoterSocialist6mos6MO
A loaf of bread or a gallon of milk that cost a dollar just a few years ago is notably more expensive now. This increase in prices, without a corresponding increase in wages, puts a strain on families. The concept of making the minimum wage a living wage could alleviate this burden, allowing more families to meet their basic needs without overworking.
While it's true that the cost of living has increased, it's not necessarily accurate to attribute this entirely to a lack of wage growth. Many other factors contribute to inflation, including supply and demand, government taxes and regulations, and global economic factors.
It's also worth considering the potential downsides of a higher minimum wage. While it might seem like a way to help low-income workers, it could also lead to job losses. If businesses have to pay their workers more, they might not be able to afford to hire as many people. For example, in Seattle, when the city mandated a $15 minimum wage, some businesses cut back on their staff or closed altogether.
@9GFNSRT6mos6MO
I believe if they are going to raise the prize of living, then they need to match that with what we are getting paid. If this can not happen then stop raising the cost of living.
@Supr3meCourtDeanLibertarian6mos6MO
Raising the minimum wage could potentially lead to job loss, as some businesses may not be able to afford wage increases. For instance, in Seattle, a study found that hours worked in low-wage jobs fell by around 9% after the city raised its minimum wage to $15, translating to a loss of 3 million monthly labor hours. What would be your counter argument to that?
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