The minimum wage hike has always been an issue in the US for the past decades. With only a few hours before Biden gets inaugurated as the President of the United States, people are excited for all his promises to take place. One of these is his plans to raise the minimum wage of workers all over the US. From $7.25, Biden plans to raise it to $15. This is a 100% increase and, so far, the largest minimum wage hike ever in US history.
Reactions all over the internet are mixed. Everyone working minimum wage is happy that finally, they may have the means to be financially stable. With the costs of living increasing regularly over the decades, the wage hike is good news for many. However, many people are afraid that doubling the minimum wage would lead to significant inflation in the coming years. There are also fears that unemployment will rise as companies will opt to reduce their workforce to be able to pay minimum wage to some of their workers. If anything, there might be a few small businesses that will close down.
Just like in every situation, the internet has found humor in these things. Memes are always all over and here are some of the best and funniest:
Get ready for inflation, $100 burgers? POSSIBLE.
Automation is one of the possible directions of companies
Welp, at least minimum wage will be high now
Always behind our international counterparts
Here they go again. Okay, Boomer
What if it doesn’t help anyone?
But what if it does?
Bernie Sanders taking a hot seat for this
When the cost of living is just too damn high
A fair wage is never an option, LOL
What’s a pink slip you say? huhu
Sometimes, it’s better to be quiet with our thoughts in front of our servers
There we go, we hope you enjoyed all those hilarious memes about the minimum wage hike! Honestly, though, if Seattle was able to do it with no significant effect on their economy, we do hope that they make the decision the same for the entire country.