” He explained that many lower-paid people need to collect some sort of state or federal aid. This means that the U.S. taxpayers are subsidizing the workers because the major corporations aren’t paying them enough to survive. Taxpayers should not subsidize starvation wages paid by the largest and most profitable corporations in AmericaAs the federal minimum wage stagnated at $7.25 an hour since 2009, there have been private companies increasing wages.
. According to the CNBC poll, about 33% of the respondents said they’d likely lay off people if Congress passed the minimum wage law. Large corporations with big budgets will weigh the increased labor costs and elect to invest in technology to displace workers. This trend will soon become prevalent in the food service industry, hospitality, retail, construction and manufacturing.
Link doesn’t work...again!
It’s a fair question, I am concerned with tech job replacement yet that is likely inevitable, maybe it speeds up with $15 min wage. I am more in favor of nudges rather than mandates though even this analysis is not definitive.
EMTs make less lol
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