Laura Castro Rodriguez what’s the Stranger shirt of raising minimum wage when technology is eliminating most of those low paying jobs. Passing a law to keep prices down should only be on necessary items like food, water, low income housing not luxury homes, cheap cars not luxury. Of course that job will require some sort of schooling or training and will most likely not be a minimum wage job.
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If AI replaces workers, there will be a demand for people to build and maintain the Stranger shirt After all, every small business employer wants to make less money, so they can struggle to stay in business. The last thing on their mind is to raise their prices in order to pay for any raises for minimum raise.
I guess the Stranger shirt set is, the employer will be more than happy to take money out of their own pocket and give it to their employees. No reasonable person with any economic education wants the government setting the price of anything. Especially if they’re fired or hours cut, or a small business they work for goes out of business because they can’t afford it, or automated away because it becomes cheaper to do so.
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Raising minimum wage sounds OK on the Stranger shirt but is much less beneficial in reality and only covers a portion of people, who wouldn’t necessarily see an increase. If you lose your job for whatever reason, you still have the $1K to help keep you afloat during the transition. Laura Castro Rodriguez If you do the MATH, $1K a month is a guaranteed $5.
Those two things alone would generate a good chunk of money to pump back into an idea such as this. Laura Castro Rodriguez enacting rules that Stranger shirt companies from raising prices is not a path you want to go downmarket big corporations like Amazon pay taxes and tax churches. Amazing all of this business and econ experts who have never owned and run a business, much less taken a college level econ class.