re: $15 minimum wage proposal

quote:

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certainly have valid points but your hypothesis is a bridge too far.

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Even when you add in the effects of lost wages due to lost jobs?

Taken as a whole, the combination of lost jobs / lost wages, and higher prices are going to mean our poverty numbers aren't going to change in any appreciable way. Is it a 1:1 exact relationship? Maybe not... but it's probably at least a .9:1 relationship.

The number of people "no different" or "worse off" will far exceed the number of people "better off".

So... the real point of my argument... rather than waste all this time and effort on min wage... why not instead invest more in improving skill development?

Take a look at any job board... there are always a plethora of jobs available for nurses, welders, electricians, mechanics, etc. Improve skill development and fill those jobs, and then when we get to a point where we have more skilled people than skilled jobs, we can talk about min wage increases or other benefit programs like basic income.