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- Dec 23, 2022
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Well, it's actually not (hint: there are lots of studies of the effects of MW hikes--you should look them up if you have minimal interest in whether partisan talking points are true). But more than that, you argued that people who want to raise MW aren't just wrong on the merits, but that they have some kind of evil, secret plot.
That proves your silly conspiracy theory? No. I would agree that there's basically no way to support four people on a single MW salary, and there never will be as long as labor costs are a significant input. But, of course, that isn't the goal of raising MW (and neither is it to keep people poor so they'll vote for the evil Other Party). The only way to address actual poverty in a modern, capitalistic economy is transfer payments. But raising incomes of low-paid workers is a separate, and valuable, goal.
Of course transferring money to poor people gets them out of poverty. That's true by definition. And we already do it to a significant degree. Almost half of the elderly population in America has a sub-poverty market income, but post-transfer, the number is less than 10%. And before SS, almost half the elderly population was in actual, post-transfer poverty. There's no magic effect where transfers disappear.
Who cares what the studies of min wage hikes say? The proof is the world we live in. They've never been effective beyond keeping up with inflation. You've also posted charts and studies in the past showing that inflation isn't nearly as bad as it is but we all know it's a crock. And yes, the Democrats will never improve the lives of their voting base beyond feeling like victims because if they no longer felt like victims, they would lose a large chunk of their voting base. They aren't stupid enough to shoot themselves in the foot. That's common sense. Not a conspiracy.
I wish I was still as naive as you to think that you can just transfer money to tens of millions of people to get them out of poverty without devastating effects happening to the economy and especially the middle class. Must be nice to put a bunch of money in people's hands and then suspend reality from that moment on and pretend as if it has no other effects on the economy. Supply and demand says hello again.