I'm sure this thread has been done to death, but I have never followed any as of yet. I think it boils down to one simple question. Are minimum wage jobs meant to support and raise families, to be the primary income for families? Does it make sense for someone working at McDonald's for 30 hrs a week, if they can get those hours, to say hey, I think I'll have three kids? I know many Republicans make the erroneous statement that it is just high school kids getting their first jobs. Many, many adults work minimum wage jobs, and many adults are not able to move up to better jobs. This doesn't change anything however, because if you are an adult, I would hope you would not try to start a family on a minimum wage job. Why do Democrats think that adults who work minimum wage jobs should have kids they can't afford? I have a strong hunch that the attempt to make every single job in America a bread winning family supporting job is a folly. Does it make sense that every job should guarantee the ability to raise a family? I think it makes more sense for people to wait to have kids until if or when they can afford them. Is that a radical idea?
I dunno. Its a deep topic. Minimum wage going up is going to cause inflation. Inflation will lessen the burden of plenty of bad mortgages.
Also consider those for illegals are effectively for people working under minimum wage. Those against illegals are demanding businesses pay at least minimum wage.
Most inflation is caused by investor returns. In the mid-70's investors received 10% of net profit, today it's 50%.
Based on what?
The total shareholder payout is going to be dramatically different between companies based on the number of outstanding shares.
It is also going to be dramatically different between companies that are buying back shares, and companies that are not.
Besides that, you people on the left claim you want to get money out of corporations, and into the hands of citizens.
Well, the largest investors in corporate stock, is pensions and retirement plans. Wouldn't a higher payout of profits going to the people, be a good thing?