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Thu Feb 25, 2021, 02:40 PM

What isn't said about raising the minimum wage to $15/hr

All I hear from Reps is that small businesses can't afford a payroll based on $15/hr. What's not being said is that when workers get more money per hour, they have more money to spend on groceries, clothing, transportation, haircuts, car repair entertainment, home repair, hobbies, etc. That means more customers able to spend more money at small businesses.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 02:46 PM

1. It was mentioned in today's hearing by a gentleman who worked for McDonald's.

He said he didn't make enough money to support any local businesses in his neighborhood.

It was mentioned in general that more money in working people's pockets get spent,

not invested in the stock market.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 02:47 PM

2. Higher wages attract more workers...

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Response to vlyons (Original post)

Thu Feb 25, 2021, 02:52 PM

3. Walmart raised wage to $10 an hour. Walmart employees spent more money where? Walmart.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 02:59 PM

4. If your business depends on paying people below a livable wage

it's not a viable business. If you try to run a roofing company but only pay $5 to the roofers, you don't have a viable business.

I will be happy to pay more at McDonalds if the workers have a living wage.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 03:02 PM

5. As well as it will save tax payers money. So many of the working poor rely on food stamps, WIC

or some kind of assistance.

Even though I think $15 per hr when you have to feed a family is still living in poverty, at the very least someone may be able to feed their family without relying on food stamps.

So we the taxpayers, are basically shoring up the salaries of employees, for companies who should be paying a living wage.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 03:08 PM

6. Something about a rising tide...

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Response to vlyons (Original post)

Thu Feb 25, 2021, 03:36 PM

7. Social security solvency also improves

Every dime of income for people who earn low wages is taxed at 12.4% (6.2% employer, 6.2% employee) that goes into the Social Security pool.

Thatís not true for billionaire tax breaks.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 03:37 PM

8. Maybe we should index the taxes all businesses pay

in ratio to what they pay as minimum wage at their company.

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Response to vlyons (Original post)

Thu Feb 25, 2021, 04:43 PM

9. THIS is the real trickle down economics...nt

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