You really don’t follow. I’m not defending inequality. I’m stating an economic fact that increasing the federal minimum wage too much will not only fail to provide a livable wage nationwide, but it will also put more people below the poverty line due to the increased cost of domestic goods and services provided at the new higher wages. More people would be on SNAP as well as working full time due to the increased cost of our food supply chain.
It’s honestly not as simple as turning it up to fix everything. Our capitalism needs to be checked with more democratic socialism if we want to move more people into stable income ranges. My personal investment would be to address our medical system first with socialized medicine, but that’s hardly enough on its own. Inequality will only worsen with AI replacement.
You really don’t follow. I’m not defending inequality. I’m stating an economic fact that increasing the federal minimum wage too much will not only fail to provide a livable wage, but it will also put more people below the poverty line due to the increased cost of domestic goods and services provided at the new higher wages. More people would be on SNAP as well as working full time due to the increased cost of our food supply chain.
You really don’t follow. I’m not defending inequality. I’m stating an economic fact that increasing the federal minimum wage too much will not only fail to provide a livable wage nationwide, but it will also put more people below the poverty line due to the increased cost of domestic goods and services provided at the new higher wages. More people would be on SNAP as well as working full time due to the increased cost of our food supply chain.
It’s honestly not as simple as turning it up to fix everything. Our capitalism needs to be checked with more democratic socialism if we want to move more people into stable income ranges. My personal investment would be to address our medical system first with socialized medicine, but that’s hardly enough on its own. Inequality will only worsen with AI replacement.
Right. You got yours. Fuck us flyover morlocks.