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Here’s Why the Economy Will Be the Focus of the First Democratic Presidential Debate on Tuesday

June 22, 2023
in Trade Tube
Reading Time: 1 min read
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Brace for a heated debate on economic policy during Tuesday’s first Democratic Presidential debate. ‘There will be a spirited debate about economic policy, the role of financial institutions and trade,’ said Bill Galston, a senior fellow at the Washington, D.C.-based think tank The Brookings Institution, in an interview from the No-Labels Problem Solver Convention in Manchester, New Hampshire. ‘I think the debate will be squarely focused on the issues. I would be surprised if Clinton’s email scandal was the center of the debate.’ Clinton may also reiterate her support of raising the minimum wage to $12 an hour on the Federal level. Though critics say higher labor costs would harm companies via higher costs, which may get passed along to consumers. ‘I am not convinced that [raising the minimum wage] will have such a dire effect on companies,’ he said. ‘They have lots of room to maneuver – profits have been near record highs in recent years, so what we’re arguing about is the distribution of a surplus from business.’

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