Detroit's Expectations of President Biden...

[hybridy]

Between his immigration politics and his minimum wage to $15 and his virus policy all on first day he will bury any small business left in the city!

None of these will do any healing of the public. He also plans to rollback Trumps tax relief and that will equal a tax raise no matter how you look at it!

https://www.cbo.gov/publication/5568...d%2C%20workers.
https://www.epi.org/publication/rais...llion-workers/

https://www.epi.org/publication/studies_stmwp/

Federal legislation increased the minimum wage from $4.25 to $4.75 on October 1, 1996 and to $5.15 on September 1, 1997.

The principal findings are that:* The 1996 and 1997 minimum wage increases raised the wages of almost 10 million workers. About 71% of these workers were adults and 58% were women. Just under half [[46%) worked full time and another third worked 20 to 34 hours per week.

* The average minimum wage worker is responsible for providing more than half [[54%) of his or her family’s weekly earnings.

* The two-stage increase disproportionately benefited low-income working households. Although households in the bottom 20% of the income distribution [[whose average income is $15,728) receive only 5% of total family income, they received 35% of the benefits from the minimum wage increase.

1996-97 increase in the minimum wage has proven to be an effective tool for raising the earnings of low-wage workers without lowering their employment opportunities.