Wouldn’t the $2T American Jobs Plan be a good place to include raising the minimum wage to $15/hr? Did we just sort of drop that...? Is it one of those “We’ll get back to it later” things that goes into a political black hole and never makes its way out? epi.org/publication/raising-…
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Replying to @iulian_luta
No it wouldn’t necessarily at all. More people would have money to spend.

Apr 13, 2021 · 1:59 PM UTC

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Replying to @marwilliamson @iulian_luta
And you’ll see more robotics and self serve establishments. Happening already. Plus person who makes $15 now will want increase if Big Mac burger flipper makes it and on it goes up wage chain.
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Replying to @marwilliamson @iulian_luta
I agree. Since 70% of our GDP is consumption, anything that increases discretionary income should encourage more consumption, be good for the economy. I don't know if an increase in hourly wages would cause an increase in the costs of goods and services. Would that be priced in?