The only way I can square the corners on her idiotic tweet is Shrinkflation. Higher wages, same prices, less material.

But honestly, the "minimum wage" has already become irrelevant, and it's best that it doesn't get resurrected as a factor.

Mathguy64 said:

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For those keeping up, $25/hr, 40 hr/wk, 50 wk/yr is $50000 annually.

For unskilled, in many cases uneducated or undereducated people.

Why go to college when you can start at $50k stocking shelves and bagging groceries at HEB?

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Because the amount of the minimum wage, whatever it is at any moment, is irrelevant. What matters is the relative value of services provided by workers in the economy. The minimum wage sets a floor, but raise the minimum wage, and everyone else's wages and salaries will go up as well over time.

In "real" terms, nothing changes. At most, raising the minimum wage has a short term affect until the economy reprices the services of others relative to the floor. That's why we will never stop hearing liberals complain about the minimum wage and they will always be calling for it to be higher.

The correct answer is to ditch it altogether at the federal level and require states to phase it out over time. Of course, that will never happen, so in 30 years, liberals will be complaining about needing a $50/hr livable wage.

Affirmative action in action.

Picard said:

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Exactly who is this idiot?

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A college professor

Maybe I'm misremembering (still think that's a stupid word yet here I'm using it) but wasn't it just a year or two ago when raising the minimum to $15/hr was going to resolve world hunger?

From her Wikipedia page:

Quote:

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She has an Associate in Arts degree from Cuyahoga Community College where she is now a tenured assistant professor of history.

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Assistant professors are not tenured.

And community colleges don't have tenured professors.