Progressive Politics

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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)

submitted 2 days ago by return2ozma@lemmy.world to c/progressivepolitics@lemmy.world

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[–] explodicle@sh.itjust.works 1 points 2 days ago

it would incentivize employers to suppress wages to keep the median wage down, and thus lower minimum wage

That's a weak incentive because the first employer to suppress wages below their optimal level would face a disadvantage versus the other businesses.