this post was submitted on 08 Jun 2024
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Economy
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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.
It is everyone who benefits.