St. Louis, Missouri has fallen for the progressive lie that raising the minimum wage would help the local economy. A study shows the impact of the forty three percent increase in the minimum wage by 2018. Not looking so good for young women with low education. Even a corporate subsidy would help the local economy in St. Louis more than government enforced price controls.
No amount of central planning will turn the minimum wage into a living wage, mainly because the idea of a living wage is nonsense. Rather than demanding wages match their lifestyle perhaps people should learn to make their lifestyle match their income.
The left will benefit from this change since as more people become dependent on welfare the left gains more dedicated voters. The economy is in rough enough shape as it is, so ideally there would be fewer dependents just in case there is a bad market crash.
