Quote:
Originally Posted by nik-
No, I'm just saying we already subsidize it, but as the cost of living continues to outpace the increase of minimum wage, the subsidies have to increase to fill that gap and that can be avoided.
Basically what we're doing now is subsidizing shareholder value through taxes.
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Ok so this addresses my question about the people who are already earning more than minimum wage.
But if we raise minimum wage, the people who were getting government subsidies probably aren't now. But costs of goods have still gone up. So best case scenario, these people earn more money, lose the government subsidies and have to pay more for basic necessities?