return2ozma@lemmy.world to Progressive Politics@lemmy.world · 2 days agoTo End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hourwww.commondreams.orgexternal-linkmessage-square89linkfedilinkarrow-up1378arrow-down15
arrow-up1373arrow-down1external-linkTo End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hourwww.commondreams.orgreturn2ozma@lemmy.world to Progressive Politics@lemmy.world · 2 days agomessage-square89linkfedilink
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 days ago it would incentivize employers to suppress wages to keep the median wage down, and thus lower minimum wage That’s a weak incentive because the first employer to suppress wages below their optimal level would face a disadvantage versus the other businesses.
That’s a weak incentive because the first employer to suppress wages below their optimal level would face a disadvantage versus the other businesses.