Post
Topic
Board Economics
Re: Will Biden raise the federal minimum wage from 7.25 USD per hour to 15 USD?
by
Febo
on 02/02/2021, 17:56:03 UTC
Will Biden raise the federal minimum wage from 7.25 USD per hour to 15 USD?
Will the US business suffer from the increased labor costs?

Yes he will. It is already set. But will be gradually and will take years. US business will not suffer a bit. Companies will invest more in automation so the easiest jobs will be made by robots and people will take more complex jobs and be paid accordingly.