• themeatbridge@lemmy.world
    link
    fedilink
    arrow-up
    22
    arrow-down
    1
    ·
    6 months ago

    Everyone. Everyone benefits from a higher minimum wage, because it places upward pressure on wages. Employers are forced to compete with McDonalds for labor, and everyone ends up getting a raise.

    I say “everyone” but of course that isn’t entirely true. But the people who don’t benefit are statistically insignificant. It’s like saying “I ate all the rice” because you at a bowl of rice, but one half of one piece of rice got stuck to the rim of the bowl. That’s how few people don’t benefit from higher minimum wages.