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This is a place where I post interesting things that I find and cant categorize into one of the main subs I follow. Enjoy a front seat as i descend into madness

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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 [email protected] to c/[email protected]

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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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[–] [email protected] -4 points 2 years ago (4 children)

As long as I get a 9.75$ bump in my salary I'm ok w/ this. Otherwise all us that make more than that take a hit because it will cause inflation.

[–] [email protected] 3 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

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