Name a single time that we've ever increased the minimum wage by the amount that you on the left are demanding! You can't because we've NEVER been that stupid before now!
Only because the minimum wage was not adjusted for around a decade while inflation still happened. Don't blame the left when it is right wingers who only have right wing fantasy about the benefits of Capitalism, which can't even help wages for the Poor meet or beat inflation.
So you can't name a single time we've ever increased the minimum wage by this amount? Then how is it exactly that you're able to make the claim that it won't be inflationary? What do you base that on, Daniel? Wishful thinking?
I don't have to fantasize about the benefits of Capitalism. I can simply look at the amount of wealth that it has created and the millions of people that it has taken out of poverty. There is a reason why poor people from around the globe have wanted to come to America! It isn't because it the land of high minimum wages! It's because America is the land of opportunity. A place where with a great idea and a lot of hard work...you can become wildly successful.
Means nothing. Sounds like a good excuse for businesses to legitimately as for a tax break instead of tax breaks being handed out like candy by the previous administration.
I just asked you a very straight forward question, Daniel and you dodged it as usual. You claim that going to a $15 an hour minimum wage won't be inflationary. What do you base that on?
Inflation happens regardless. Inflation happened even with the minimum wage stagnating for around a decade. What is Your basis for such drama over any potential inflation from a Minimum wage?
One more time, Daniel...
DO YOU HAVE ANY PROOF THAT INCREASING MINIMUM WAGE BY SUCH A LARGE AMOUNT WON'T CAUSE INFLATION?
I can answer that, since I have been in business many times, for many decades.
In general, raising minimum wage won't have much of an effect.
If you have your business running efficiently, then labor is less than a third of your overhead. And most already are not minimum wage earners. So then the increase in costs will likely be smaller than 5% or so. Which should not effect most businesses very much.
The exception is a very low markup, high unskilled labor business.
Fast food, Walmart, and those kinds of places.
But a 5% increase, making burgers cost ten cents more, is not going to hurt any business, because all fast food will be going up the same amount.