AP News just reported that it will be an additional $1400. Speculation came from reports that the bill was exceeding the initial budget for the plan. But Biden is set to confirm the info in his speech tonight.
With him pushing for bipartisan support on it first before going the budget reconciliation route I just hope he is ready to go the 2nd route quickly when Senate R's don't jump on board (I mean they might but I won't hold my breath)
Yes.
It would but many places would shut down, or prices of everything would go up dramatically. It hasn’t been done for a reason. But hey, if a place fires you because payroll is too inflated, you can sit on $400 unemployment for 9 months. The paid sick leave will fall on employers. All of this will fall on small businesses and hurt them the most. You think enough of them closed? Not even close if they have to follow through with $15/hr and their own paid sick leave. Unless the government covers the difference, the fall will be on the little guys.
Yup I hope he does.
How do you get the remaining? Go through the process again?
Where is a big Mac $5? I spent $18+ dollars at shake shack recently for a burger and fries. Prices are already up and peoples wages aren't. Wages have been lagging behind for a few years.
I get there’s a lag. But Companies won’t take a loss. That’s sort of my point. Wages may go up. But your shake shack is now $26. When have you seen companies or businesses absorb or eat the costs and not pass it down to consumers? If they were used to making 25% off of every burger sold, they’ll try their hardest to maintain that.
If prices of items go up at the same rate as the minimum wage increase, it’s negligible . Your buying power is the same. That gas company who has a few minimum wage workers will see fit to raise rates. How many companies out there would not have to change a thing? The numbers would shock you. Even basic city service jobs employee teens and such seasonally (parks and rec come to mind). But there goes your city taxes seeing an increase. No one but the citizens will take the hit.
wallyhopp
city workers don’t get min wage here, even dudes picking up trash in the park.
I just added to my post. Where I live, minimum wage went up at the beginning of the year. Budgets aren’t being increased. As a result, hours are being cut. This is that 30-32 hr part time threshold to Not have healthcare all over again. Prices of goods may not go up just a dollar, but cuts are happening elsewhere. Maybe everyone becomes PT, and no one has insurance
