One of the main topics discussed during this election period is the proposal of Minimum Wage. The call is to set a minimum wage such as this to ensure that those falling through the cracks are able to navigate their situation better.
This is not a new topic per say, as in the past 12 months, there have been increase discussion on this topic in the USA. In certain places, the minimum wages have been set.
One of the places set is San Francisco. There is a report on Forbes on how the result have been.
Respected Economists, when asked about this topic of minimum wage, says its not that big of an issue. The issue is more how it will be implemented.
People look at it as an absolute. Raise from $7 to $15. Or don’t raise.
There is always an in-between figure, which gives time for the companies …