If $10/hr is good, wouldn’t $100.00/hr be better?
Maybe if wages are going up, and prices to cover the wages go up, people will want to spend more money. s/
Rush never fails to make this point. It’s a good one.
Some posters here are just too fast for me, and get the appropriate response up immediately. If $10/hr minimum wage is good, then $20 should be better. Two posters have suggested $100/hr. Same principle.
I do have the answer, though. Any increase would be bad in it effects on the economy and for lower-wage workers, but the political advantage of smaller increases is that the proponents can keep playing the game indefinitely, every election time. There is almost no limit to how many times they can “fight for the poor” by pulling this swindle. It is a crop with perennial yields, like the “defense” of social security.