Can't take credit for this but it's gold - A recent episode of the Recode/Decode podcast featuring Bradley Tusk, the 3rd Party Legal Counsel for Uber, included a great idea for a minimum wage hike Tusk thought would bring both sides to the table:
2. Figure out the delta to business and give tax credits that directly give back the money to businesses.
3, This was Tusk's logic - Citizens get most of every dollar as opposed to inefficient government services, where they might see ten cents on the dollar if they're lucky.
4. The theory is that people who need social services won't need them at $20 per hour, so tax credits become the way to force/get both sides to the table.
As a moderate, I loved the idea of this solution. Will it ever happen? Probably not - The democrats who have pushed for the increase can't deal with the thought of government losing control of increased funding, and the GOP who has traditionally hated the idea can't give up on the free market narrative to look at a solution that makes senses.
Small business owners? They'll be stuck in the middle with super high turnover and impossible recruiting challenges.
A great idea that will likely never see the light of day. That's a shame.