Now is a good time to raise the minimum wage because workers at the
lowest end of the wage scale have no leverage and need increased pay to
help them face the recent price inflation. It's really that simple.
Corporate profits are strong, so there's no reason companies can't
afford this and worker pay isn't quite where it was before the pandemic.
How much of a raise is needed? Ideally probably $1.50 / hour, but to be
more politically palatable, $1.00 / hour is probably sufficient.
Economists may scream and pull their hair out, but that would just be an
added bonus. Watching them try to explain why this would mean and end to
the Universe is always amusing.
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