2022-12-10 22:50:31
Purdue University research indicates that a raise to just $22 an hour would see a 25% increase in price of goods. The author advocates for $25 which is even higher. [Link] NEEDS_MORE_RATINGS(12-3-5) Author
2022-12-11 16:21:45
Economists have competing models of minimum wage impacts on fast food prices, but all show increases. In the context of a 2022 min. wage law in CA, UC Riverside’s Chris Thornberg predicts a $22/hr rate would raise prices 20%, while UC Berkeley’s Michael Reich predicts 2.3%. [Link] CURRENTLY_RATED_HELPFUL(46-2-5) Author
2022-12-11 18:06:28
The highest minimum wage in the world is Australia at $21.38 AUD ($14.53 USD). [Link] Other nations have stronger union influences to bargain better wages for workers, but government-mandated wages do not surpass $15 USD. [Link] CURRENTLY_RATED_HELPFUL(8-0-1) Author