Sanders, Dems introduce $15 minimum wage bill

[Gov Hooka 8,008]

This would hurt small businesses. The average corporate America business can afford this but it's the smaller mom and pop business that suffer.

I still think it should be implemented though because precedent has shown that the economic effects aren't as disastrous as people predicted.

[Whispering 18,865]

36 minutes ago, MJHolland said:

Exactly.

I think this gives liberals a bad reputation because it makes them appear to not understand the very diverse needs of rural America. 

Rural America cannot sustain a minimum wage of $15. $15 is Alabama is a LOT different than $15 in NYC or Vermont.

This just proves Bernie is sooo out of touch with real middle class workers. I wish he hadn't done this. 

 

Or in Mississippi, which is a fifteen minute drive from my house:

Mississippi 
> Median household income: $40,593
> Population: 2,992,333 (19th lowest)
> 2015 Unemployment rate: 6.5% (4th highest)
> Poverty rate: 22.0% (the highest)

Mississippi is once again the poorest state in the country. The typical Mississippi household earned $40,593 last year, well below the national median income of $55,775. Mississippi also has the highest poverty rate in the country, with 22.0% of residents living below the poverty line. A relatively large share of state households are very poor. Some 11.5% earn $10,000 or less annually, the highest extreme poverty rate of any state. Similarly, there are relatively few affluent households in the state. Only 2.1% of Mississippi households earn $200,000 or more a year, the lowest such share.

[AyaKara 2,282]

It makes sense that NYC is moving towards a $15 minimum wage, but it doesn't make sense for states with low cost of living.

For example, an article I found stated that "$15 in NYC is equal to $13.07 in Chicago, $12 in California, $11.10 in Cincinnati, and just $10.43 in Alabama."

By increasing the minimum wage to an excessive level, businesses will have to set higher prices on their services so that they have more money to pay their employees. In turn, consumers will have to pay more for these services, which will negate the purpose of the $15 minimum wage. This is what inflation is.

Minimum wage has to be state-regulated.