@lesliejosephs
Leslie Josephs
3 years
"A recent study from the Congressional Budget Office found that a minimum-wage increase to $15 by 2025 would increase paychecks for roughly 27 million American workers and lift 1.3 million out of poverty."
@Darla_Mercado
Darla Mercado, CFPยฎ ๐Ÿ‡ต๐Ÿ‡ท๐Ÿ‡ต๐Ÿ‡ช
3 years
While the U.S. may be closer than ever to a $15 federal minimum wage, the idea still faces stiff opposition via @csreinicke
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Replies

@frothymoisture
Frothy
3 years
@lesliejosephs The biggest excuses against this are the most self-centered shit I've seen in a while. "Things will cost more!" YES KAREN. But right now things ALREADY COST MORE. Prices go up constantly. They're going to keep going up with or without the minimum wage being raised.
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@SmallGov4All
Small Government
3 years
@lesliejosephs And send 3.7 million onto the unemployment rolls.
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@62chas62
Chas ๐Ÿ‡บ๐Ÿ‡ธ
3 years
@lesliejosephs Buying VOTES is political gold but economically SHORT sighted. #๐Ÿ“ˆ๐Ÿ“ˆ๐Ÿ“ˆ
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@jAKIErYAN928
Jake Ryan
3 years
@lesliejosephs Out of poverty for what? A year or two later theyโ€™ll be back in it because of the rate of inflation.
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@meek410_
๐Ÿบ๐Ÿƒ๐Ÿฆ‰
3 years
@lesliejosephs @seytoven6 They donโ€™t want that
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@DrewChrist87
Drew Beedoodle
3 years
@lesliejosephs At a bar up north Wisconsin. Bartender starts spouting off โ€œ6 months from now everyone that voted Biden is gonna regret itโ€ and โ€œ$15/hr minimum wage is gonna make costs go upโ€ Costs of living never really stopped going up, just the wages didnโ€™t follow lol
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@Anvkii
๐ŸŒ™Anu
3 years
@lesliejosephs Syke, $15/hr still is poverty ๐Ÿ’€ But its way better than our federal current
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@ConstantRebel55
Pietro ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡น
3 years
@lesliejosephs A phased approach to a $15 minimum wage is certainly more sensible, giving the economy time to absorb the change.
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@RightPrivileged
Right-Privileged
3 years
@lesliejosephs And a Big Mac will cost $10, a gallon of milk $8, etc. When people are artificially gifted additional income (which isnโ€™t based on their actual labor value) all the market is gonna do is raise prices to account for it.
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@dasteve003
Steve
3 years
@lesliejosephs When Walmart has to pay its employees more and has to pay more for the products it sells from other companies as they have to play their employees more how is the price of stuff not gonna go up making it all for not? This just makes everyone making $15-$16 an hour now low income
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@joshh1109
J
3 years
@lesliejosephs If the minimum wage is raised to $15 an hour.. do people honestly think the cost of living wonโ€™t raise as well?
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@chavelin16
maria urbina
3 years
@lesliejosephs Lets lift them out of poverty now!
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@McMcneal25
Logan McNeal
3 years
@lesliejosephs Small Businesses are dying all across America cause of covid... to hit them with 15hr minimum wage would be like pulling the plug on the ventilator. Some people have no idea how economics work.
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@spencerp_
S
3 years
@lesliejosephs If you continue the quote to the next sentence, the same study says it will also make 1.3 million Americans newly unemployed. Those likely being from small businesses and rural areas.
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@cb1218
Lucky Few
3 years
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@Micinski5
Ann
3 years
@lesliejosephs It will also decrease employment by approximately 13.5 million bc most businesses, especially a small business, wonโ€™t be able to afford this. Theyโ€™ll hire fewer people.
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