Comment on Bill to raise minimum wage to $25 an hour will be introduced in Senate

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UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨week⁩ ago

“Bill introduced in Senate that will definitely fail, but makes people feel good” is classic election bait.

introduced by Sen. Chris Murphy (D-Connecticut) on Thursday, in a bid to enthuse the working-class voters who have abandoned the Democratic Party.

Admittedly, this is the Bezos Home Journal running these stories, so it’s going to be the worst spin you can imagine. Also, it’s $25/hr by 2039 (+$5/hr the first year and +$1/hr after that), which is probably better than linking it to GDP/Inflation in an economy that’s on the brink of an ugly recession but only marginally so.

We all know an employer will pay the least legally possible if they can get away with it.

There’s already something of a soft wage floor in the US that’s been created by the high cost of living. You can’t find people who will work for $7/hr, because where would they even live? How would they feed themselves? That’s sub-poverty wages.

The issue with labor right now isn’t legal allotment but availability and talent. Boomers are exiting the labor pool, immigrants are shut out of the labor market, and the Millennials/GenAs aren’t sufficient to close the gap. Tariffs are closing off the possibility of cheap imports and rising energy prices make bulk transportation increasingly expensive. AI continues to be a pipe dream.

Employers are being backed into a corner. Which means the only path out is… prison labor. Not coincidentally, the US is investing extensively in detention camps and police batallions.

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