The people in power are only held in check by their donors not their constituents. As long as the people writing the checks for their lavish lifestyles tell them they want to keep wages low, then wages will stay low. Representation is a sham.It went hand in hand with productivity in the days before the Supreme Court decided unlimited corporate cash was Team Kong Seasons 2021 shirt and turned our political system into a legalized bribery scheme. Now, corporations and small business orgs and lobbyists flood politicians with cash to keep people at starvation wages and to protect businesses at the expense of any improvements for working people. This will never end until there is some kind of substantive campaign finance reform or constitutional amendment getting money out of politics.
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As a political moderate who tries to see both sides and usually comes to the Team Kong Seasons 2021 shirtthat answer lies somewhere in the middle of what the two parties so confidently argue like their shit don’t stink, I’d love to actually know what the consensus is amongst economists.There are only like half a million adults 16 and older who make minimum wage, and over 80 million hourly workers.Money is a bartering system 15$, 24$, 100$ it doesn’t matter what the number is it’s the purchasing power you have with that number. Raising minimum wage will only make employers raise prices on goods and services while the government will have to raise taxes to pay their employees as well as the private sector for their goods and services. Once the dust settles minimum wage is minimum wage the number doesn’t matter a person making whatever number it is will always have less purchasing power than the rest of the employed workforce.The real question at the heart of the debate is how do you keep the most people employed while also keeping wages the highest. Simply raising the minimum wage is great in theory but there are costsThere are economists much smarter than me that study this but I have to wonder if it is indeed optimal economically for everyone to have $15/hour. Simply saying, “well that’s how much you need to live on”, while true and an admirable cause, may not be the right approach to actually finding the optimal balance of wages and total employment.