👍 Yes (45%) – "A business that can’t pay their employees reasonable living wages shouldn’t be in business. Although it’d be preferable for CEOs and other board of director members get paid less, the reality of that happening is slim to none, ergo, it falls on the consumers."
"First of all I don't think it should all go to the consumer. Why can't those guys that make millions of dollars every year take a pay cut? They can afford it. That being said, I personally would be okay with what I consider luxury items (eating out, even if it's fast food) having slightly increased prices, because it's worth it for that worker. What I would worry more about is places like a grocery store, where an increase in price is a bigger deal. That provides necessities and for those that make minimum wage or are impoverished, it's only going to compound the issue."
"As long as its not a ridiculous increase I would support it. Most of the biggest companies, such as McDonald's, definitely make enough profit to be able to significantly increase wages without drastically increasing prices."
👎 No (34%) – "Basic economics are that all jobs are only worth a certain amount by the economic value provided. Upset that balance and something has to give. Business owners will replace $20 unskilled workers with alternatives like automation. Expect less jobs available in that sector."
"The cascading effects of $20 minimum wage will result in wiping out the anticipated increased purchasing power the raise was intended to provide. Want $20/hour? Increase your skills to a level that justifies the wage."
🤷 Unsure/other (21%) – "This is so much more than just a yes/no answer. We can’t improve quality of living by mandating higher wages, as that drives businesses to raise prices. We are already seeing huge increases in cost for everyday items, and raising wages to allow people to afford to purchase them will only raise those prices even more! Anyone who has tried to buy a vehicle (used or new) has seen this, and I can almost guarantee that new vehicle prices will increase by the same 30% that UAW workers will get through their new deal."
"Based on CEO bonuses and payouts to stockholders, companies can pay their employees more AND maintain prices. They shouldn’t pass the cost to consumers who are already struggling with inflation just to maintain profit “growth”."
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