I feel like if the rates at which minimum wage increased (or hypothetically decreased) matched the rate of living wage then it would be no issue. I’m not accusing you of this, but some people try to argue raising the wage makes things more expensive but the charts show very clearly that things can get more expensive completely independent of wages.
A method to tackle the problem you discussed is to just enforce anti-monopoly and anti-oligopoly laws to break up large businesses, then the market competition will naturally keep prices low.
But in order to make that possible we would need educated voter participation unlike anything we’ve ever seen, or election and campaign finance reform.
I feel like if the rates at which minimum wage increased (or hypothetically decreased) matched the rate of living wage then it would be no issue. I’m not accusing you of this, but some people try to argue raising the wage makes things more expensive but the charts show very clearly that things can get more expensive completely independent of wages.
A method to tackle the problem you discussed is to just enforce anti-monopoly and anti-oligopoly laws to break up large businesses, then the market competition will naturally keep prices low.
But in order to make that possible we would need educated voter participation unlike anything we’ve ever seen, or election and campaign finance reform.
Oh look! All of those things are DNC platforms!