I believe 1 million plus would lose their jobs, but I do not believe 900K would be lifted out of poverty. Due to inflation many of them would still live in poverty, because the Democrats would also raise the poverty limits upwards.
Many middle class people in other countries would love to live "in poverty" in the US.
You're absolutely correct. Once the cost caught up to the inflated wages, those making $15/hour would be crying again about how they need a raise.
I'd really like to have a real study done about how many people, with age brackets and percentages, stay in a minimum wage job. AND I'd like the study to show why those people choose to stay in minimum wage jobs. Some people simply choose to do so because they like the freedom it offers them. When they clock out, they're done and they aren't on call.
Some do it because they like the field their in and realize it's never going to pay a lot of money, but they enjoy what they're doing. Choices ... we all make them. I make a rather healthy living, but I've heard my son talk about the time he lost with me growing up, many times. It was a choice I made. The vacations he's been taken on growing up vs the ones most of his friends took were vastly different.
KC