> Inflation-adjusted minimum wage imposed to all businesses/states. If they can't afford, they can go bust, like with any other cost of doing business.
How does this help, exactly? If the businesses who can't afford to pay at the standard you want go bust, you can't just assume there will be others who can. If the unit of labor a person can provide is worth less than its state mandated cost, that unit of labor will go unemployed. People don't buy things for more than their value to them.
How does this help, exactly? If the businesses who can't afford to pay at the standard you want go bust, you can't just assume there will be others who can. If the unit of labor a person can provide is worth less than its state mandated cost, that unit of labor will go unemployed. People don't buy things for more than their value to them.