Everyone wants more money. Who wouldn't?
https://www.usatoday.com/story/opin...t-seattle-loses-editorials-debates/450011001/
For years, the union-backed slogan "Fight for $15" has been a popular liberal rallying cry. The idea of raising the minimum wage speaks directly to people’s concerns about income inequality and is a simple enough concept to put on a bumper sticker.
In recent years, the popular idea has begun to translate into electoral and legislative victories. San Francisco, Los Angeles, Pittsburgh, Washington, San Marcos, Texas, and Missoula, Mont., are among the cities where a $15 minimum is set to go into effect in coming years. California has a statewide law being phased in. And New York will go to $15 an hour in and around New York City with a $12.50 wage upstate. Both states allow a suspension in the increases if they are found to cause economic harm.
There is just one problem to all of this. Minimum wage increases don't translate into big income increases for low-skill workers when taken to extremes.
https://www.usatoday.com/story/opin...t-seattle-loses-editorials-debates/450011001/
For years, the union-backed slogan "Fight for $15" has been a popular liberal rallying cry. The idea of raising the minimum wage speaks directly to people’s concerns about income inequality and is a simple enough concept to put on a bumper sticker.
In recent years, the popular idea has begun to translate into electoral and legislative victories. San Francisco, Los Angeles, Pittsburgh, Washington, San Marcos, Texas, and Missoula, Mont., are among the cities where a $15 minimum is set to go into effect in coming years. California has a statewide law being phased in. And New York will go to $15 an hour in and around New York City with a $12.50 wage upstate. Both states allow a suspension in the increases if they are found to cause economic harm.
There is just one problem to all of this. Minimum wage increases don't translate into big income increases for low-skill workers when taken to extremes.
