Democratic presidential candidate Bernie Sanders, for decades an agitator for a government-forced minimum/living wage, announced over the weekend that his campaign's wage floor will be increased to $15 an hour.
In 1986, known then as the "Socialist mayor of Burlington," Vermont, Sanders campaigned on raising the state's minimum wage while running for governor.
During one of his runs for the U.S. Senate, where he is serving his third term, Sanders lamented on his campaign website that "Five states and the District of Columbia have already passed a $15 minimum wage," and was hoping "Vermont soon joins them."
Earlier this year, Sanders tweeted: "How is it that in the richest country in the history of the world, we can't afford to pay everyone a living wage? It's time to raise the minimum wage to $15 an hour."
Researchers discovered that in Seattle, the first city to raise its wage floor to $15 an hour, the average income for minimum wage workers has fallen, as jobs and hours have been cut.
Down the coast in California, which has become the birthplace of far too many poor public policy ideas, minimum wage hikes have chased companies out of the state, increased the "Overall exit rates for restaurants," and handicapped the restaurant industry so that it "Has grown more slowly than it would have without minimum wage hikes."
Meanwhile in New York, there's a deep recession among restaurant workers that occurred after the city increased the minimum wage to $15. Will Sanders, the rest of the Democratic presidential candidates, the Democratic members of Congress, and Democratic state and local lawmakers across the country learn from Sanders' experience? Will the minimum wage die as a campaign issue?
https://issuesinsights.com/2019/07/22/bernie-sanders-hikes-campaigns-minimum-wage-learns-economic-lesson-he-missed-50-years-ago/
In 1986, known then as the "Socialist mayor of Burlington," Vermont, Sanders campaigned on raising the state's minimum wage while running for governor.
During one of his runs for the U.S. Senate, where he is serving his third term, Sanders lamented on his campaign website that "Five states and the District of Columbia have already passed a $15 minimum wage," and was hoping "Vermont soon joins them."
Earlier this year, Sanders tweeted: "How is it that in the richest country in the history of the world, we can't afford to pay everyone a living wage? It's time to raise the minimum wage to $15 an hour."
Researchers discovered that in Seattle, the first city to raise its wage floor to $15 an hour, the average income for minimum wage workers has fallen, as jobs and hours have been cut.
Down the coast in California, which has become the birthplace of far too many poor public policy ideas, minimum wage hikes have chased companies out of the state, increased the "Overall exit rates for restaurants," and handicapped the restaurant industry so that it "Has grown more slowly than it would have without minimum wage hikes."
Meanwhile in New York, there's a deep recession among restaurant workers that occurred after the city increased the minimum wage to $15. Will Sanders, the rest of the Democratic presidential candidates, the Democratic members of Congress, and Democratic state and local lawmakers across the country learn from Sanders' experience? Will the minimum wage die as a campaign issue?
https://issuesinsights.com/2019/07/22/bernie-sanders-hikes-campaigns-minimum-wage-learns-economic-lesson-he-missed-50-years-ago/
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