"Workers really need the money during a downturn, especially the one now when high levels of unemployment are putting significant downward pressure on wages," Zipperer told Business Insider. "That's especially true for people at the bottom of the wage distribution where a lot of the employment losses have been in the pandemic."
"The U.S. economy will be very weak throughout 2021. The nation will need more business income, not less; more jobs, not fewer; and faster, not slower, economic growth," Michael Strain, the director of policy studies at the right-leaning American Enterprise Institute,"A $15 minimum wage would move the economy in the wrong direction across all these fronts."
"I think many of these folks are impervious to evidence," Bernstein, a senior fellow at the left-leaning Center on Budget and Policy Priorities, said. He also argued raising wages would stimulate demand by providing more money to workers who are the likeliest to spend it. In the past decade, lawmakers have not authorized any hourly pay hikes, the longest the US has gone without one since a wage floor was enacted in 1938. Republicans rejected attempts from Democratson their own, said Ernie Tedeschi, a policy economist at Evercore ISI, which helped lift incomes. Currently, 29 states plus the District of Columbia have implemented higher wages than what the federal government mandates.
Dang let me quit my job as a advanced EMT that I spent my time going to school for to go work at McDonald's since I would make more money
Yesssiry Bob!
Why not lower taxes on minimum wage workers so small businesses can still afford to pay employees
This pedophile sounds like a great man! /s
And that juices the economy as those people are able to buy more stuff. Corp profits have been through the roof... time for balance.
As someone who hates poor people, I support this message!!
What about state and local government job will they have to pay minimum wage
When are you going to start labeling your reporting as paid sponsorship
Once this happens, the companies will make us pay for that by firing employees and raising prices
The first vaccine will likely be approved before any the next president even takes office. I am sure Joe’s mission is first the destroy the virus which willl ho in a big way to accelerate the economic recovery.
Let’s start with Amazon, Google, Microsoft, Apple, Facebook and all other major companies profiting off the pandemic. While we are at it, stop sending our jobs overseas. Stop being greedy.
If a business can’t afford to pay their people $15 an hour, the business is already dead.
'despite the economic downturn'? How about 'to end the economic downturn.' The people earning minimum wage will need to spend it, which will inject money into the economy and help everyone. Reverse every damn tax cut for the ultra-wealthy and RAISE THE MINIMUM WAGE!
I recommend $183,000 per month like HunterBiden . That would really help.
It will fuck the economy up, he's an idiot. it's matter of each state to choose the minimum wage not the federal government.
Wonder how many businesses given the current economic crises will maintain, easy to make decisions with other people’s money.
Really...
Let’s kill all small businesses
Why only $15? Why not $30?
It won’t. They’ll get fired or less hours.
Sure, why not? People make more money, they pay more taxes! People make more money, they buy more things and pay more taxes! More money for the government at the expense of employers to figure out how to make it work!
It makes no sense to have $15 min wage in NYC and Mississippi
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