Monday night’s debate in California between several candidates vying for an open Senate seat included questions about raising the minimum wage to $50, an idea that one Democratic candidate has floated.
“In the Bay Area, I believe it was the United Way that issued a report that recently $127,000 for four families was just enough to get by,” said Democratic Congresswoman Barbara Lee when asked to defend her previous support. $50 minimum wage and explain how it will be “sustainable”.
“Another recent survey, $104,000; for a family, barely enough to live on, low income due to affordability crisis.”
Lee previously asked for a minimum wage of $50, which would amount to around $104,000 a year in earnings. The federal minimum wage is $7.25 an hour and ranges from $16 to $20 in California.
“Just do the math. Of course, we have a national minimum wage that we need to raise to a living wage,” Lee continued. “We’re talking about $20, $25 — fine. But I have to focus on what California needs and what the affordability factor is when we calculate these salaries.”
Former baseball star Steve Garvey, the only Republican on stage, told the moderator that the minimum wage “is where it should be and where it should be.”
(LR) Rep. Barbara Lee, Senate candidate Steve Garvey, Rep. Adam Schiff, and Rep. Katie Porter during Monday night’s debate. KTLA
“If you look at what California has done to fast food franchises right now, raising the minimum wage to $20, and what’s going to happen,” Garvey said. “That’s going to increase the cost for hard-working Californians to go to a franchise to get a $9 Big Mac, it’s going to be $15.”
Democratic Representative Adam Schiff took issue with Garvey’s statement and said that so many people live on the streets because they are paid “poverty wages.”
“Try to find a house anywhere in California when you’re making minimum wage,” Schiff told Garvey. “We need to increase people’s income.”
Lee previously asked for a minimum wage of $50, which would amount to around $104,000 a year in earnings. KTLA
Schiff and fellow Democratic candidate Katie Porter have floated support for a minimum wage of $20 to $25 an hour.
California passed a law last fall requiring a minimum wage of $20 an hour at all restaurants with at least 60 locations nationwide, though the law includes an exception for restaurants that make and sell their own bread.
Several major fast-food franchises, including McDonald’s and Chipotle, have signaled that prices will need to rise in response to rising labor costs.
Former baseball star Steve Garvey, the only Republican on stage, told the moderator that the minimum wage “is where it should be and where it should be.” KTLA
As businesses consider passing the cost on to consumers, Fat Brands Chairman Andy Wiederhorn recently said that “someone has to pay” for the wage increase.
“Consumers who are voters certainly know what they’re getting into by promoting this legislation to raise the minimum wage from $15 to $20 and on its way to $25,” Wiederhorn told Fox Business this month.
“Everyone wants their employees to make more money, but it’s just a cost. And someone has to pay for it. And restaurateurs don’t have the margin for that. So, prices will go up.”
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A 2021 Harvard Business Review study found that raising the minimum wage actually leads to lower compensation for workers.
In addition to companies being forced to raise prices, many economists have also warned that companies will be forced to cut jobs, which often end up disproportionately going to low-income earners, the group supporters of raising the minimum wage aim to help.
“Apologists for the minimum wage routinely claim that raising the wage will help low-income workers and not have a negative impact,” EJ Antoni, a research fellow in regional economics with the Yayasan Warisan Data Analysis Center, told FOX Business about raising the minimum wage. last year.
“They often cite corporate greed as the only reason for relatively low wages in places like the fast food industry. In reality, raising the minimum wage reduces employment and causes higher labor costs to be passed on to customers. Because low-income workers disproportionately buy fast food (like McDonald’s), they disproportionately bear the costs of not only more expensive labor but also lower levels of employment.
Antoni continued, “The fact reveals the reality that the real minimum wage is, and always has been, zero. For workers who lost their jobs because of the higher minimum wage, they now have no income and higher food prices.”
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Source: thtrangdai.edu.vn/en/
