He can’t do a dam* thing about it. This is more blather and obfuscation to blanket the internet and keep the real issues from people’s attention.
“”We need a national wage floor that that rises each year, so that its purchasing power doesn’t erode with time,” Labor Secretary Tom Perez wrote in a blog post.”
Interesting statement. If you increase the wage floor, you need to increase prices which decreases purchasing power.
Or did I miss something in my Macroeconomics 101 class?