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I learned Something interesting recently that might have to do with minimum wage increases. Companies that are American companies but hire outside of the US still have to pay US minimum wage as a minimum (or something to that affect). So if you have A ton of people working in the phillipenes for instance, you can’t go lower than $7.25 if you increase minimum wage you increase it for all those outsourcing company’s employees making product way way more expensive and throwing off the local economy with much more money influx.
Am I saying increasing the minimum wage is wrong? No, I wholly support it. But that might be a reason as to why.
If that was actually a thing, then the lawmakers would also have the power to change it.