"We need an economy that reflects the realities of 2026, not one stuck over a decade ago," said the newly sworn-in Rep. Analilia Mejía, who helped lead the campaign to raise wages in her home state of New Jersey.
This does nothing to fix the problem of the “gilded” part. The rich are obscenely so, and they control the State. That must be dealt wirh before anything will actually get better.
Every place in America is going to do one thing and one thing only. Every last place is going to jack up prices because they are not going to take the hit. Why not charge you $20 for a small coffee. Minimum wage is $25 what does it matter. It’s still cost less than minimum wage… Why shouldn’t they jack up rent, insurance, groceries, etc. Corporate greed isn’t going to go away just because minimum wage goes up. Corporate greed is going to match and then beat anything. All you’re going to be saying in a couple years after this goes in if it went in is that we need to raise minimum wage again.
Unless something is done about the busted system, all were doing is making profit numbers go up (despite the value of the dollar tanking).
How tf am I the bad guy here? I said, unless the busted system is fixed (aka the root problem) we’re just going to be back at this exact same thing in a few years. That’s massive inflation. Which you called, fixing the root problem, requiring a magic wand.
But somehow I’m the bad guy? Because I dare say the short-term fix isn’t a long-term fix?
Because you are arguing against progress with the argument it is effectively useless. It isnt and it is a step in the right direction.
You didnt argue that the short term fix wasnt the long term fixyou agued the short term fix is an asset to the long term problem.
Data shows increases in min wage to liveable wage do not get proportionally passed onto consumers ad if they did they would create anopportunity for someone to charge 10 dollars for coffee per your example.
Does that data exclusively focus on the last 6 years, with companies reporting profits that put previous years to shame? Going to guess no. Does that data exclusively focus on just the US, or does it add in nations that it would work.
Because here’s nvidia. From 2012-2019, they operated at 1 billion a quarter, ended on 3 billion in 2019. They did 68 billion last quarter.
You want me to post a bunch of other stocks? I can and they’ll all tell the same story. If wages go up, then these companies are going to increase prices. Have you seen gas? Eggs? The slightest bit that might hurt their proffits gets passed to the customer and then a little more for more profit. Should we talk about how housing costs have gone up? All the houses near my parents, all doubled to quadrupled in “value” on Realtor.com one day. A house that was maybe 112K jumped to 300K in a single day, all over. Or car prices being closer to 100k than 20k.
2018, I probably would have agreed with you. Plenty of evidence in Europe of that working. But, this is America. We have data that shows, unless you solve the root problem first… you’ve not solved the problem. The recent trends, in America, clearly state that these CEOS, these people who went from maybe having a billion dollars (which is already pretty fucked) to being 100-billionaires to trying to become the first trillionaire… Maybe, it’s time to accept reality and increasing the minimum wage by itself, won’t do shit. You’ll just have 10$ coffees or $25 Happy Meals.
Hey cool pop science graphics, truly the epitome of educational.
Here is a paper from Berkley showing the effects of increased minimum wage did not impact employment, did not significantly or proportionally increase costs and absolutely did put workers in a better position.
Elasticity was covered in my studies yes. Thanks for linking, if I ever forget the basics of economics I’ll be sure to check back.
This does nothing to fix the problem of the “gilded” part. The rich are obscenely so, and they control the State. That must be dealt wirh before anything will actually get better.
It helps.
People wont be forced to work multiple jobs.
It won’t help. People will still work two jobs.
Every place in America is going to do one thing and one thing only. Every last place is going to jack up prices because they are not going to take the hit. Why not charge you $20 for a small coffee. Minimum wage is $25 what does it matter. It’s still cost less than minimum wage… Why shouldn’t they jack up rent, insurance, groceries, etc. Corporate greed isn’t going to go away just because minimum wage goes up. Corporate greed is going to match and then beat anything. All you’re going to be saying in a couple years after this goes in if it went in is that we need to raise minimum wage again.
Unless something is done about the busted system, all were doing is making profit numbers go up (despite the value of the dollar tanking).
Right well they have already won with you here telling everyone not to bother unless they have a magic wand.
How tf am I the bad guy here? I said, unless the busted system is fixed (aka the root problem) we’re just going to be back at this exact same thing in a few years. That’s massive inflation. Which you called, fixing the root problem, requiring a magic wand.
But somehow I’m the bad guy? Because I dare say the short-term fix isn’t a long-term fix?
Because you are arguing against progress with the argument it is effectively useless. It isnt and it is a step in the right direction.
You didnt argue that the short term fix wasnt the long term fixyou agued the short term fix is an asset to the long term problem.
Data shows increases in min wage to liveable wage do not get proportionally passed onto consumers ad if they did they would create anopportunity for someone to charge 10 dollars for coffee per your example.
Does that data exclusively focus on the last 6 years, with companies reporting profits that put previous years to shame? Going to guess no. Does that data exclusively focus on just the US, or does it add in nations that it would work.
Because here’s nvidia. From 2012-2019, they operated at 1 billion a quarter, ended on 3 billion in 2019. They did 68 billion last quarter.
You want me to post a bunch of other stocks? I can and they’ll all tell the same story. If wages go up, then these companies are going to increase prices. Have you seen gas? Eggs? The slightest bit that might hurt their proffits gets passed to the customer and then a little more for more profit. Should we talk about how housing costs have gone up? All the houses near my parents, all doubled to quadrupled in “value” on Realtor.com one day. A house that was maybe 112K jumped to 300K in a single day, all over. Or car prices being closer to 100k than 20k.
2018, I probably would have agreed with you. Plenty of evidence in Europe of that working. But, this is America. We have data that shows, unless you solve the root problem first… you’ve not solved the problem. The recent trends, in America, clearly state that these CEOS, these people who went from maybe having a billion dollars (which is already pretty fucked) to being 100-billionaires to trying to become the first trillionaire… Maybe, it’s time to accept reality and increasing the minimum wage by itself, won’t do shit. You’ll just have 10$ coffees or $25 Happy Meals.
Hi, yes the data is from California 2025, one of the highest cost of living areas in the US.
I am not saying dont fix further issues but you will die of a fever waiting on the cure.
Your last line says it all, the data shows this to be untrue and your line acts as if I am aguing for this as a single fix all action.
You are arguing emotionally and in bad faith.
It’s putting a bandaid on a life threatening wound. The minimum wage needs raised, but that won’t help anything long term.
Perfection is the enemy of good, or in this case progress.
There will be no single piece of legislation to fix everything. There will be lots and this is one.
The enemy of cures is symptom relief.
No single Representative FPtP Elector will fix the distance from civilian emancipation of capitalist slavery.
They will.
I dont see the relation here?
They’ll cut your hours, like they did in Covid, instead of paying you a living wage. Thus you’ll still be forced to work for multiple slavers.
Who cares? If you have two twenty hour jobs at 25 an hour?
such negative people in here.
All you said that you’re financially&economically illiterate. Try learning something for a change.
Hey cool pop science graphics, truly the epitome of educational.
Here is a paper from Berkley showing the effects of increased minimum wage did not impact employment, did not significantly or proportionally increase costs and absolutely did put workers in a better position.
Elasticity was covered in my studies yes. Thanks for linking, if I ever forget the basics of economics I’ll be sure to check back.
https://irle.berkeley.edu/wp-content/uploads/2025/09/Effects-of-a-20-Minimum-Wage-Evidence-from-Granular-Data-on-Wages-Employment-and-Prices-April-1-2026.pdf
Hours.