Socialist Senator Bernie Sanders repeated a quip a number of times in defense of a $15 an hour minimum wage on the campaign trail back in 2015 and 2016; that "Nobody who works 40 hours a week should be living in poverty."
So here's the problem with turning Bernie's statement into an argument for hiking the minimum wage; poverty is not a wage problem, it's a work problem.
In 2011 only 0.3 percent of families in poverty worked an hourly job earning the minimum wage.
The minimum wage can't help people who don't work - and every conservative and their mother is aware that hikes in the minimum wage increase unemployment among the most vulnerable, but those aren't the only consequences.
Minimum wage hikes also reduce hours worked, and decrease the labor force participation rate.
That's the exact wage Bernie would like to see to lift all our full time workers out of poverty, but a study conducted by the University of Washington found that the law reduced hours by 9 percent, which caused wages to fall on net by 6 percent.
Liberals treat poverty as a wage problem, when it's a work problem.
https://www.bongino.com/proof-raising-the-minimum-wage-cant-reduce-poverty/
So here's the problem with turning Bernie's statement into an argument for hiking the minimum wage; poverty is not a wage problem, it's a work problem.
In 2011 only 0.3 percent of families in poverty worked an hourly job earning the minimum wage.
The minimum wage can't help people who don't work - and every conservative and their mother is aware that hikes in the minimum wage increase unemployment among the most vulnerable, but those aren't the only consequences.
Minimum wage hikes also reduce hours worked, and decrease the labor force participation rate.
That's the exact wage Bernie would like to see to lift all our full time workers out of poverty, but a study conducted by the University of Washington found that the law reduced hours by 9 percent, which caused wages to fall on net by 6 percent.
Liberals treat poverty as a wage problem, when it's a work problem.
https://www.bongino.com/proof-raising-the-minimum-wage-cant-reduce-poverty/
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