Posted on 06/26/2026 6:39:14 AM PDT by WhiteHatBobby0701
On Thursday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sean Casten (D-IL) responded to Sen. Chris Murphy’s (D-CT) proposal to raise the minimum wage to $25 an hour by saying that “I’m delighted that Sen. Murphy is talking about this and I think the voting record of a lot of us, the Democrats that had led on this before is we’re willing to do it, it was $15, plus inflation adjustments.”
Co-host Joe Mathieu asked, “I want to ask you, quickly, with our small amount of time remaining here, Congressman, if you think raising the minimum wage would help. … Chris Murphy, the Senator from Connecticut, Democrat, is up with a bill to raise the minimum wage to $25 an hour. It would be incremental. Big companies would have six years to get there from what is now 7.25. Small companies would have a 13-year runway. Is that something that could gain support?”
(Excerpt) Read more at breitbart.com ...
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This is the next step in MMT. $25 per hour? This will put us in hyperinflation and one step closer to Universal Basic Income.
The triumph of Communism and those who lack understanding because emotionalism takes charge. I found radio better than academia in explaining it best.
How much do his interns get paid?
Why not $50?...../s
Perhaps they can call it the Automation Incentivisation Act.
The practical minimum wage is now somewhere around $15-$17 per hour. Work for less and you’re losing money to get to work.
Offer any less and nobody will apply.
But it’s nowhere near $25/hr. That’s around $52,000/yr.
> This will put us in hyperinflation… <
Plus it will ramp up efforts to automate jobs.
Plus it will motivate some companies to relocate overseas if they can.
Result? Less opportunities for entry-level workers.
I wonder if the D’s have thought this through.
Probably not. Just do what feels good at the moment.
“Why, I just love the idea of banning entry-level and unskilled jobs, because I know that will harm the youth, the poor, and disadvantaged minorities the most, and that’s really what I want to do, despite how much I project these wishes on Republicans.”
$25 is insanity. Time to check out of the good ole US of A.
Minimum wage increases have not historically caused inflation or slowed GDp. Look at the data.
Since the greedy globalist right wing is addicted to cheap imported labor something like this is necessary. I wish it weren’t so.
If I were running against these guys, I’d campaign for at least $75.00 per hour. Or $100.00. Then paint them as anti worker if they disagreed.
Since the Republican Party is on love with immigration this becomes necessary.
Go
The cheap labor express is upset.
A destroyer of small business; a destroyer of small private firms who must at the start train many of their employees, especially in the trades. The beginner should not expect $25.00 per hour
destroying more jobs and creating more and more unemployment is a big time WIN for the DNC... as it forces more and more Americans onto welfare where they are dependant on the DNC politicians -— these make much more reliable voters for the DNC, almost as reliable as the DNC’s Deceased Voter Block
This isn't MMT (which is the government printing money to buy things regardless of how much is taxed).
This can't be hyperinflationary because a wage floor doesn't create any additional money.
What it will do is price the least skilled labor out of profitable employment opportunities.
I’m looking for $1,000/hr myself. Ground beef ain’t cheap these days.
Minimum wage jobs were never meant to be a static employment station.
People were expected to enter at minimum wage jobs, and advance. They were meant to provide work experience for entry level workers, who could learn a skill and move up.
As Thomas Sowell points out in his critiques of analyses that focus on poverty, the people pushing this make it look like people enter a stratum of the workforce and are static in one place for life, which is a deliberate mischaracterization on the part of the Left to obtain money from the Government. In reality, people navigate through these wealth stratums throughout their lives, generally starting at the bottom and working up in a dynamic way to increase both their wealth and the wealth of the nation, and also, falling from higher levels to lower ones due to a variety of reasons.
In summary, it is a dynamic system, and meant to work that way to increase wealth, not a static one meant to lock people into a wealth caste.
It was never meant to provide a lifetime of work with wages that could support a family. This is the American way, to acquire skills and advance in life. The “Living Wage” is a Socialist hoax.
All this will do is hurt the prospects of entry level employees and decrease job opportunities.
As Leaning Right pointed out in the thread, this is part of the move towards a Universal Basic Income.
Despicable.
They really are truly insane. And have zero understanding of basic economics.
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