Some win and many others LOSE. Apparently Progressives are unwilling to accept this simple cause and effect logic. If wages are raised to an arbitrary higher number:
- other alternatives become more financially attractive.
- be they automation, off shoring, alternative products / services
- therefore many low skill jobs will be lost
- and other higher knowledge / higher skill jobs may be gained
- where the higher costs can not be offset by the above
- the consumers will need to pay for the additional wages and benefits
I am not sure how their rationale works that they believe employers are going to stay stagnant and/or absorb the costs?
It is kind of like when Progressives encourage us to bring in millions of the Earth's uneducated and unskilled humans, while totally denying that it floods the lower end employment markets and drive wages down. Didn't they take Economics 101?
And always, do you really think American Consumers are going to "Buy American" if those costs go up even further?
People are so puzzling and irrational. I mean ROBOTs are already taking over, do we really want to hurry that along? :-O