A pair of progressive Democrats unveiled a bill on Tuesday that would raise the federal minimum wage to $25 per hour, considered the bare minimum a single adult needs to meet the cost of living in much of the US.
The Living Wage For All Act is the first bill to be introduced by the newly sworn-in Rep. Analilia Mejía (D-NJ), who won a special election earlier this month after helping to lead the fight for a $15 minimum wage in her home state of New Jersey.
Interesting article… thanks for sharing. However the article seems to be about explicitly raising the pay of a single class of workers - rail workers or specific union workers - not all low-paid workers like a min wage increase will do. It discusses how the impact of a wage increase is limited as it drives business to other competitors so doesn’t result in an inflationary spiral, but it’s not so clear that can’t happen to some extent with a min wage increase that immediately impacts the entire market and multiple industries. I personally support a min wage increase but this article doesn’t seem to make the argument you suggested.