you do understand that raising the minimum wage affects everyone’s wages right?
If you are a mid-level experienced guy at a company and suddenly the minimum wage is raised to your salary or above, you are going to demand a raise to earn more than the starting guy, same with management. Those who’s jobs require experience, or costly education or are hard to master will always demand to earn more (rightfully) than the lowest least qualified, least experienced employees.
I always think it’s funny that people argue that the cost of labor doesn’t affect prices... and yet the fed controls the ENTIRE ECONOMY by simply raising or lowering interest rates on loans! Which is a TINY fraction of nearly any businesses expenses compared to labor
Yes I do, it called wage compression.
But again, min wage is here to stay. Deal with it.