I don't understand how these Dems think raising minimum wage to $15 an hour is good for anybody. It's my biggest issue with them. It will destroy the middle class. Artificially make people feel like the can spend. It'll destroy small businesses and Main Street, so to speak. It will cater to automation, further ruining jobs. It will further give large corporations more power. I have a hard time voting for Dems who want to raise minimum wage like that. It's also the reason why Yang's proposal is far better than raising the minimum wage. It gives everybody a raise, which you need to do. Rather than put the onus on small businesses to raise employees wages, it puts money directly into people's hands, at the expense of large corporations that don't pay taxes half the time. It's the way to save Main Street, so to speak. Not sure how Dems can be so clueless to stick to the raising minimum wage thing when the better answer is on the other end of the debate stage and has been covered ad nauseum.
How is $10 or $12 slave wages? I would tend to say if you can't survive on "slave wages" get a new job.
Washington State has the highest minimum wage of any state at 14 dollars an hour. In 2019 they have the second highest gdp growth in the nation: https://www.usnews.com/news/best-states/rankings/economy/growth Increasing minimum wage is actually increasing ACTUAL disposable income. You know what manner in which we make consumers artificially believe they can spend more? By deregulating banks, allowing subprime loans to run amuck and lowering interest rates. Our current economy is fueled by increasing consumer debt and not increasing the consumer's disposable income.
That's fine and dandy, but how is their middle class doing? Also, that's apples to oranges when comparing them to say a rust belt state where educated people, often with a four year degree would start at a wage that is just above that. On the west coast, wages were already trending high when this was rolled out. Cost of living is much higher there, and wages help supplement this. In areas of the country where wages are not higher, doubling the minimum wage will create a sudden inflation which will be a huge set back to the middle class of folks who are educated and are working their way up from a salary that started at say $15-18/hour. They're not going to get compensated an extra $7-8/hour even though those McDonald's workers will.
Bloomberg's commercials mean nothing to me and I see them regularly. Steyer's commercials make me hate him. The images make it look like he hates tater-tots in school lunches. I will never vote for someone like that.
If you are paid less than $15/hr you are by definition not "middle class" Don't go to the debunked "only kids make minimum and use it to buy more anime or whatever. BTW if you like Wang's proposal, do it in addition to the $15/hr. Together they would help the middle class.
Bloomberg’s 2020 campaign ads are driving TV-addicted Trump crazy: report President Donald Trump has been happy to sit back and watch the Democratic primary field tear each other apart, but his re-election campaign is growing concerned about billionaire Michael Bloomberg’s growing support. The president has been lobbing attacks at the former New York City mayor on Twitter and in Fox News interviews, but his allies insist he’s not afraid of Bloomberg — he just watches a whole lot of television, reported Politico. “He’s very reactive to what he sees and the fact that Bloomberg’s ads are all over better explains the attacks on him than Trump being fearful of him,” said a Republican operative. That GOP operative said Trump’s 2020 campaign sees Bloomberg as more of a threat to other Democrats than to the president himself. “[Bloomberg] is the definition of the rich technocrat that the Bernie wing [of the Democratic party] can’t stand,” the operative said. But some critics say Trump has been fixated on Bloomberg since the start of the year, and frequently brings up the former mayor’s campaign operation — which now boasts more than 1,000 staffers, including many top Democratic campaign veterans. Trump’s 2020 campaign is “concerned” about Bloomberg’s spending, because they saw how much he helped Democrats in the 2018 midterm cycle, but they’re hoping to turn that strength into a weakness. “The countervailing view is that at some point his money becomes counterproductive,” said a person close to the 2018 campaign. “When you close in on spending $500 million by the end of February, it starts to look like you’re buying the presidency, and I think that’s a problem for Democrats who are out there criticizing the millionaires and billionaires controlling everything.”
In just over a month, Bloomberg spent more than the top 2020 contenders, including Trump, for the whole final quarter of 2019 combined, according to FEC data. He also outspent the entire RNC and DNC. https://www.axios.com/newsletters/a...52.html?chunk=0&utm_term=twsocialshare#story0
Bloomberg National Committee is suddenly a thing and it's bigger than all the other political money pits that have been around for centuries. Oligarchy at its finest.
Small-business owners: Only Bloomberg could beat Trump https://finance.yahoo.com/news/bloo...oll-182856615.html?.tsrc=notification-brknews
Naw. Anybody can beat Trump. Also anybody can lose to Trump. Bloomberg will have a challenge in that he’s a billionaire and the Bernie supporters will have maybe a smaller crossover support for Bloomberg than they did for Hillary. But yes business owners, Wall Street, and folks that get into the economy will love Bloomberg. I think he’d be one of the best presidents ever on the economy. I think he would be the type of president to see a major opportunity with climate change to try and take over the global market on clean energy. I see him getting flack for it but incentivizing fossil fuel companies who have built carbon capture technology to open up carbon capture to the public sector. I hate the ideal of rewarding companies like Exxon but let’s face it... it might take scratching their back in order to get them to see the benefit in changing their business away from fossil fuel, but they are unique in their ability to scale up and invest in the technology needed. Those are some real positives with Bloomberg. The negatives are just the depressing nature of our elections where you need to be a billionaire to win.
