Yes, but if the minimum wage increases, everyone who makes above minimum wage has a better argument to get a raise as well. Employers have to make pay competitive, and a raised minimum wage sets a new floor that wages have to be based around.
Edit: Also, that ignores the fact that there are people who make above minimum wage but below whatever it might be raised to who would also be affected by a minimum wage increase. If the wage was raised to $15, for example, then anyone who currently makes between $7.26 to $14.99 an hour would receive a raise, despite not being represented in the data set you reference.
Republicans could just raise wages, too, you know.
Wouldn’t that imply less money for rich fucks?
Perish the thought! No self-respecting Republican would stand for slightly irritating the rich to massively help the poor.
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There are many ways including supporting unions, raising minimum wage, or less taxes for lower income households.
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
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Yes, but if the minimum wage increases, everyone who makes above minimum wage has a better argument to get a raise as well. Employers have to make pay competitive, and a raised minimum wage sets a new floor that wages have to be based around.
Edit: Also, that ignores the fact that there are people who make above minimum wage but below whatever it might be raised to who would also be affected by a minimum wage increase. If the wage was raised to $15, for example, then anyone who currently makes between $7.26 to $14.99 an hour would receive a raise, despite not being represented in the data set you reference.
Make a 5 year plan for what will be produced, set all prices and wages, and then dictate the exchange rate for foreign currencies.