"(CBS/AP) The Republican-controlled Senate refused Wednesday to raise the minimum wage, rejecting an election-year proposal from Democrats for the first increase in nearly a decade. "Let them eat cake (if they can find any in the dumpsters)!
This is really stupid, in fact, the minimum should be tied to the cost-of-living, like so many other things. How else can the working classes buy more stuff and put profits in the pockets of the CEO's?
The real point isn't how raising the minimum affects jobs, it's how to raise the minimum without also raising inflation. That's the dirty little secret behind it all.
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