And all other living expenses/commodities will also increase. Yall can make $50 minimum wage but businesses will just increase their prices accordingly (and at times at a unfavorable ratio)
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With the high cost of rent/gas, & the increasing costs of everything else due to those dumb tariffs, victories like this are a must. I feel like people associate cost of living and tie it too much into the minimum wage when in reality our COL is more influenced by other forces.
Guam is a unique case. I don’t think min wage will help. It’ll hurt our biggest industry, tourism, since the dollar is hella strong rn and businesses increasing prices means tourists’ will look at cheaper destinations. Guam needs more high-quality jobs and better government.
Yes! Agreed, totally. Our position out here with the Jones Act, military, and just so many other factors contribute to this. But that's not to say a min wage increase isn't necessary. It'll hurt, but it's very necessary. We can't be expecting people to exist on these low wages.
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