06-08-2016, 02:23 PM
(06-08-2016, 01:44 PM)Brownshoe Wrote: CEO's and management getting raises isn't anywhere as close as raising 3 mil+ people's wages.
Raising minimum wage will only bring people from the middle class down due to inflation. It will only have a temp effect on the poor, and the rich will be mostly unaffected.
Wrong.
Total gross income in the united states is 8.3 trillion. Giving 3 million full time workers a $2.50 an hour raise would only cost 15 billion. That is only an increase of 2 tenths of one percent. That is not enough to cause any significant increase in inflation.
Plus corporations may be forced to reduce executive pay in order to pay the increase of minimum wage jobs so that there would be a zero net sum gain.
