{"id":1924898,"date":"2023-05-05T07:43:27","date_gmt":"2023-05-05T11:43:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/were-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage-2\/"},"modified":"2023-05-05T07:43:27","modified_gmt":"2023-05-05T11:43:27","slug":"were-not-increasing-the-cost-of-business-bernie-sanders-argues-for-17-federal-minimum-wage-2","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-2\/","title":{"rendered":"\u201cWe\u2019re Not Increasing the Cost of Business,\u201d Bernie Sanders Argues for $17 Federal Minimum Wage"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/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-2%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=1924898&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--><p> \t\t\t\t\t\tWASHINGTON\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.<\/p>\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 burden large corporations, 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<p> Last December, McDonald\u2019s opened its first largely automated restaurant, a concept that is still in its infancy as humans are still needed to cook and prepare the food.<\/p>\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.<\/p>\n<p> \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<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<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 low-income wage-earners.<\/p>\n<p> \u201cWhat\u2019s causing the dollar to lose its purchasing power?\u201d said\u00a02024 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<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 higher one. Congress has not voted to increase the federal minimum wage since President George W. Bush signed a series of increases into law in 2007.<\/p>\n<p> The bill introduced by Sanders is expected to face resistance from Republicans, who have long opposed raising the minimum wage, arguing that it would lead to job losses, exacerbate inflation, and hurt small businesses.<\/p>\n<p> Also speaking at the event was Economic Policy Institute President Heidi Shierholz, who argued that an increase in the minimum wage would boost economic activity and only lead to minimal job losses.<\/p>\n<p> Expanding on her premise, The Epoch Times asked Shierholz why then an even higher minimum wage would not be preferable.<\/p>\n<p> \u201cNobody is suggesting a $100 an hour minimum wage,\u201d she said. \u201cWe know that particularly low wage employers have the power to suppress wages \u2026 that\u2019s inefficient.\u201d<\/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":1,"featured_media":1924899,"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":[547],"tags":[10037,5925,4720,4284,5975,3974,7321,4561,3981,4562,4419],"class_list":["post-1924898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-10037","tag-argues","tag-bernie","tag-business","tag-cost","tag-federal","tag-increasing","tag-minimum","tag-sanders","tag-wage","tag-were"],"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\/1924898","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1924898"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1924899"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1924898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1924898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1924898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}