The current number of MW job workers is totally irrelevant if we double the MW overnight like you want to do. You simply cannot pretend that ONLY those now making $7 and change per hour would be effected. First, EVERY worker now making less than $15/hr would get a raise, every single one, and that is about 42% of the work force, so do NOT yammer on about only those currently making MW as if they are significant when talking about raising the MW to $15/hr. It's not just the 2 million or so that are effected. There are tens of millions that would be effected. And you are emphatically NOT talking about UC. UC is temporary and only for those forced out of their jobs through no fault of their own. What you want is permanent payments for everyone whether they work available jobs or not. You simply do not realize how many workers would be forced out of their jobs. They would overwhelm UC.We are talking about minimum wage jobs. What percentage of the labor force consists of minimum wage jobs? And, what you claim is only a short run equilibrium since higher paid labor also creates more in demand. Unemployment compensation could be improved to easily handle it.You keep saying that without having any idea what you're talking about. The "higher paid labor" would be more than offset by the hordes of newly laid off and those unable to find any job at all.A one time tax break for Capitalists can make it work because higher paid labor creates more in demand and generates more in tax revenue.Been reading that President Biden will make min wage $15/hour. Thanks Mr. President but that was enough in 2010. Not 2020. It needs to be $20/minimum. 40 hours/week after taxes thats like $2300 a month.
A 1 bedroom apt in my city is like $1200/month
Student loan payment $300
Power/cable/phone/water.....another $400
Car $200
(Already $2100 gone)
I could go on but as you can see it rapidly is gone and we havent even gotten to healthcare, food, clothing, recreation
Mr President.....$20 an hour is the minimum