50 dollar minimum wage

The higher minimum wage would just raise the cost of living and make it a two class system. This would make it to where you have the system of politicians and millionaires versus everyone else. Currently nurses make between 25 and $75 per hour. This would put an annual wage of about $100,000 which is more than teachers law enforcement and most any other worker currently makes without overtime.

https://wgme.com/news/nation-world/california-dem-defends-call-for-50-federal-minimum-wage-just-barely-enough-democrat-senate-race-2024-politics-chipotle-prices-progressive-woke-ted-cruz-economy-diane-feinstein-debate

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CrazyMusicLover · 31-35

Well, I can't say anything about dollars and economy systems in those countries but I know what effects it will have where I live. They basically want to do everything to make it harder for small businesses to survive because with the minimum wage the compulsory social and healthcare insurance raises too. That applies to the insurance employers have to pay for the employees too, therefore the wages will most probably go down even for the more qualified workers, which could cause these workers will simply leave the country and get employed abroad. Or the employees will hire people on minimum wage and pay the rest under the table, which of course means that the employees would have minimum retirement pensions. Well, if they will ever have them at all..