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Richard Stallman's Political Notes

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Minimum wage

mercredi 10 février 2021 à 01:00

Economists dispute whether raising the minimum wage to $15/hr would increase the national debt or decrease it, but either way it qualifies to be included in budget reconciliation.

Even a rather unfriendly analysis found lots of benefit.

In terms of the public good, increasing the deficit by $5 billion/yr is hardly significant when compared with the benefits of increasing the minimum wage. However, if the minimum wage does not apply to gig workers, it is not doing its job.