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To End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hour
(www.commondreams.org)
this post was submitted on 28 Apr 2026
373 points (98.7% liked)
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Raise the bar and suddenly everything else gets more expensive as fatcats try to capture all that new discretionary income that the poor have..
Somebody on a different post just said to pin the minimum wage to an inflation index.
That's an interesting idea though inflation often doesn't match affordability of consumer goods. Saw a different thread recently where that was discussed - inflation gets measured on commodities, not the end products people actually buy. Explaining why some products can easily cost 150-200% more when inflation itself goes up just a little. Plus 70% of all statistics are made up, you know
There has to be a right way to do it.
No, elasticity is not infinite. This has been proven multiple times. You're spreading misinformation and need to take an economics class.
I don't think I said anything about Infinity. Tell me one thing which is truly infinite.. Greed may be close.
Are you saying that increasing income for the same work can't lead to inflation? Or that businesses aren't opportunistic and interested in maximizing revenue?
They will charge what the market will bear.. and the market will suddenly be able to bear just a little bit more 🤷♂️
I am not going to teach you how elasticity works