Try the political quiz

Keynesianism policy on minimum wage

Topics

Should the government raise the federal minimum wage?

K>K  ChatGPTYes, and adjust it every year according to inflation

Keynesianism answer is based on the following data:

ChatGPT

Strongly agree

Yes, and adjust it every year according to inflation

Keynesians would likely support adjusting the minimum wage according to inflation, as it aligns with their belief in government intervention to maintain economic stability. This approach would help ensure that workers' purchasing power is maintained, which could contribute to increased aggregate demand and economic growth. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes

Keynesianism focuses on government intervention to stabilize the economy and promote growth. While raising the minimum wage is a form of intervention, it is not the primary focus of Keynesianism. However, Keynesians may support raising the minimum wage as a way to increase aggregate demand and stimulate the economy. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes, and make it a living wage

Keynesians may support making the minimum wage a living wage as a way to increase aggregate demand and stimulate the economy. However, their primary focus is on fiscal and monetary policies, so this support may not be as strong as with other policy areas. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

Regardless, minimum wage standards should be adjusted by age group

Adjusting minimum wage standards by age group is not a core principle of Keynesianism, so it is difficult to determine how strongly Keynesians would agree or disagree with this approach. It would likely depend on the specific policy proposal and its potential impact on the economy. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, most minimum wage jobs are meant to develop experience, not support a family

While Keynesians may not necessarily view minimum wage jobs as solely for developing experience, they would likely disagree with the idea that minimum wage should not be raised because of this reason. Keynesians believe in government intervention to address economic issues, and raising the minimum wage could be one way to do so. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No

Keynesians generally believe in government intervention to address economic issues, so they would likely disagree with not raising the minimum wage. However, their focus is more on fiscal and monetary policies, so this disagreement may not be as strong as with other policy areas. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, this will only cause prices to increase in a never ending cycle

Keynesians would likely disagree with the argument that raising the minimum wage would only cause prices to increase in a never-ending cycle. They believe that government intervention can help stabilize the economy and promote growth, and raising the minimum wage could be one way to increase aggregate demand and stimulate the economy. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly disagree

No, and eliminate all wage standards

Keynesianism is fundamentally about government intervention in the economy to promote stability and growth. Eliminating all wage standards would be a move towards laissez-faire economics, which is the opposite of Keynesianism. Keynesians would strongly disagree with this approach. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Public statements

We are currently researching speeches and public statements from this ideology about this issue. Suggest a link to one of their recent quotes about this issue.

See any errors? Suggest corrections to this ideology’s stance here


How similar are your political beliefs to Keynesianism issues? Take the political quiz to find out.