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by lumost
1824 days ago
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The economics of this situation are pretty complex. The short-term benefits may also be forcing employers to raise long-term wages to compensate. The long-term wage increases for low-income jobs may result in lower usage of other government programs such as food stamps, and housing assistance. I passed by a giant sign next to a McDonalds offering $17/hr starting wage for McDonald's employees at a roadside operation in Western Mass. |
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Mcdonalds + Amazon wont be a victim of minumum wage laws, they advocate for high minumum wages, as less productive chains and small businesses with smaller margins will have to die off to allow for more mcdonalds and amazon.
It is sad how expensive some parts of the country are, and the minimum wage "should" be higher, but ive seen economists say raising minum wage hurts low income earners looking for their first job (disproportionatly bipoc people), increases prices for everything, increases govt beurocracy, and simply doesnt work as a simple fix.