The Capitalist’s Case for a $15 Minimum Wage

[Hydra]

3. We have the same problem in my industry

I've watched as middle class people stopped taking trips to my area. They can't afford it, and they can't take out 2nd/3rd mortgages on their houses to do it.

We have a (very) few rich vacationers and a lot of bargain hunters. The losses have spiraled out of control- some places I worked saw reservations down by 20% or more, and people are staying less time and want bigger discounts.

I'm guessing it's across the board, and made even worse by rapidly rising food and energy costs. Extras are simply being cut out, adding to the spiral.

Wall St doesn't give a damn about this because they now have direct access to the treasury.

Unless something fundamental changes, we're going to stay where we are or get worse, despite the continual "green shoots" hopefulness.