{"id":1924644,"date":"2023-05-04T22:41:02","date_gmt":"2023-05-05T02:41:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/were-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage\/"},"modified":"2023-05-04T22:43:14","modified_gmt":"2023-05-05T02:43:14","slug":"were-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/were-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage\/","title":{"rendered":"Bernie Sanders defends $17 federal minimum wage, denies raising business costs."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwere-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1924644&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Sanders Proposes $17 Federal Minimum Wage<\/h2>\n<p>Sen. Bernie Sanders (I-Vt.) has introduced a bill to raise the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cbo-estimates-biden-plan-to-raise-minimum-wage-to-15-could-kill-almost-4-million-jobs\/\" title=\"CBO Estimates Biden Plan To Raise Minimum Wage To  Could Kill Almost 4 Million Jobs\">federal minimum wage<\/a> to $17 per hour, more than double the current rate of $7.25. The proposal was unveiled to the cheers of various labor leaders outside Capitol Hill.<\/p>\n<h3>A Livable Wage for All<\/h3>\n<p>\u201cIt is time to pass a new livable wage,\u201d Sanders said. He was joined by AFL-CIO President Liz Shuler, who said the increase would not <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/were-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage\/\" title=\"Bernie Sanders defends  federal minimum wage, denies raising business costs.\">burden large corporations<\/a>, citing a leaked McDonald\u2019s earnings call wherein the CEO says the company would do \u201cjust fine\u201d under a $15 minimum wage.<\/p>\n<h3>Small Businesses Can Handle It<\/h3>\n<p>When asked if the increase to the federal minimum wage would disproportionately increase costs for small businesses, as opposed to corporations, Sanders rejected the premise. \u201c[Small business] can handle it \u2026 we\u2019re not increasing the cost of business,\u201d he told The Epoch Times. \u201cWhen these people are able to earn a living wage\u2014you know what\u2014maybe they\u2019re going to be able to go out and buy a damn hamburger.\u201d<\/p>\n<h3>A $17 Wage is Equivalent to $14.50 Pre-Pandemic<\/h3>\n<p>Sanders argued that the Democrats\u2019 previous goal of raising the minimum wage to $15 was no longer sufficient, as the dollar\u2019s purchasing power has eroded over time. Accounting for the recent spike in inflation, a $17 wage is roughly equivalent to $14.50 pre-pandemic.<\/p>\n<h3>Critics of the Increase<\/h3>\n<p>Critics of the increase say higher wages are a key contributor to rising inflation and that such policies will only worsen the problem for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-lie-about-irs-audits\/\" title=\"Dems Lie About IRS Audits\">low-income wage-earners<\/a>. \u201cWhat\u2019s causing the dollar to lose its purchasing power?\u201d said 2024 Libertarian presidential front-runner Dave Smith during an episode of his podcast last week. \u201c[Sanders] just seems to have no thought, \u2018Oh yeah, there actually might even be a connection between the policies you advocate for and the fact that inflation is destroying the purchasing power of the dollar.\u2019\u201d<\/p>\n<h3>The Current Federal Minimum Wage<\/h3>\n<p>Although many states have raised their minimum wages in recent years, the federal rate of $7.25 still applies in the 20 states that do not mandate a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-blue-state-claw-back\/\" title=\"Biden\u2019s Blue State Claw Back\">higher minimum wage<\/a>.<\/p>\n<ul>\n<li>Sanders proposes raising the federal minimum wage to $17 per hour<\/li>\n<li>AFL-CIO President Liz Shuler says the increase would not burden large corporations<\/li>\n<li>Sanders rejects the premise that small businesses would be disproportionately affected<\/li>\n<li>A $17 wage is roughly equivalent to $14.50 pre-pandemic<\/li>\n<li>Critics say higher wages contribute to rising inflation<\/li>\n<li>The federal rate of $7.25 still applies in 20 states<\/li>\n<\/ul>\n<p><b>Join the conversation:<\/b> Do you support raising the federal minimum wage to $17 per hour? Why or why not?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON\u2013Sen. Bernie Sanders (I-Vt.) introduced a bill on May 4 to raise the federal minimum wage to $17 per hour. The proposal, which is more than double the current rate of $7.25, was unveiled to the cheers of various labor leaders outside Capitol Hill. \u201cIt is time to pass a new livable wage,\u201d Sanders said.<\/p>\n","protected":false},"author":602,"featured_media":1924645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[10037,4720,4284,7969,4549,4775,3974,4561,10323,3981,4562],"class_list":["post-1924644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-10037","tag-bernie","tag-business","tag-costs","tag-defends","tag-denies","tag-federal","tag-minimum","tag-raising","tag-sanders","tag-wage"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/602"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1924644"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1924645"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1924644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1924644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1924644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}