Politician wants $50 an Hour MINIMUM WAGE

Can't be any worse than what it is now. Lol. Have seen the price of food at the grocery store lately? 🤔

The cost of living is getting ridiculous these days!

That's why we need a capital gains tax- keep inflation down.

We also have to bring back the wealth tax and tax the wealthiest at least what the middle class pays (but I think 28-30% works best).

“Water finds its level”

Everything will go up with it by the same ratio and nobody will buy US products overseas.

All minimum wages must be abolished. They unfairly condemn the least competent and most vulnerable people to a life of dependency and idleness.

Sad seeing so many languish without work simply because they aren't presently worth $15/hr.

Imagine being a drug-using bum and wanting to get your foot in the door somewhere -- who will take a chance on your for $15 (let alone $50)?

Minimum wage rules help some small number of workers (say those who would have made $14.50/hr but now make $15/hr as a result of a minimum wage rule). But they harm far more workers, who are locked out of work entirely while large corporations who can afford to pay more for labor enjoy the demise of small business who traditionally rely on young, seasonal, and low-wage workers.

You have to hate workers and small businesses to advocate for wage regulations.

Not true. I live in California and you can live here on half as much. Maybe not in one of the slum-like major cities. But the state is full of migrant workers and laborers who make far less than half as much. And thy migrate thousands of miles for that opportunity.

The real estate prices are an issue, but that's because houses in my neighborhood are being bought up by foreign buyers (as asset shelters) and private equity companies. Why should small businesses be told they need to pay some arbitrary wage number so that foreigners can park money in our neighborhoods and the ultra wealthy can add our neighborhoods to their portfolios?

If a business doesn't want to pay workers what the workers will accept, it will certainly go out of business, for lack of workers. But the government shouldn't decide what workers will accept. That's for the workers to decide.

Current rate of inflation is about 3%. Way WAY down.

Thanks Joe Biden!

If we are going to have a society where you have to pay for your own health insurance, college, transportation, job training (technical school), child care, elder care, retirement, and so on, we should certainly pay everyone enough money to be able to afford all of these without having to eat beans and rice three times a day and live in a trailer park.

A total of 15 hedge fund managers made $1 billion or more, compared with only eight in 2019. The big gains during the coronavirus pandemic, coupled with the public debate over hedge funds in the wake of the GameStop controversy, is likely to draw criticism from lawmakers and the public over hedge fund pay and fairness in financial markets.
The top earner was Israel “Izzy” Englander of Millennium Management, earning $3.8 billion. His flagship fund was up 26% last year, which was its best return in 20 years. Like many of the top-performing funds last year, Millennium relies more on stock picking than quantitative strategies using computer algorithms.
In second place is Jim Simons of Renaissance Technologies, who earned $2.6 billion. His investors, however, didn’t do as well. Renaissance Technologies’ three main funds for outside investors were down 20% to 30%, according to report. But its Medallion fund, which is mainly for employees, was up 76%. Simons retired as chairman on Jan. 1.

English please?

Look at how wildly inflated other currencies are. This mostly ends up creating an unstable currency.

Imagine how great a society would be if EVERYONE could afford their basic needs and a bit more for pleasure.

Oh wait, that's most everyone in Scandinanvia.👋