How the Democratic Party lost American workers: It's the minimum wage, stupid [Yahoo! Finance]
Pfizer, Inc. (PFE)
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Source: Yahoo! Finance
To return from the wilderness, Democrats need to reassess who they are and what they stand for. There will inevitably be calls for Democrats to pivot to the right after this election. However, exit polls indicate there's a progressive position they should double down on: raising the minimum wage. In exit polls, almost two-thirds of voters rated the economy as “not so good/poor,” and of those who said the economy was bad voted for Donald Trump. In 2020, Biden won people making less than $50,000 by 10 points . This year, Trump didn't just shrink that lead, he outright won the demographic by a point, 49%-48%. That's the election. While a disaster for Democrats, those numbers don't signal a rejection of progressive policies per se. For proof, just look at Missouri, where 57.6% of voters supported a ballot measure to increase the state's minimum wage to $15, while 58.5% voted for Donald Trump . The results from Missouri aren't anomalous. When voters had the choice, the minimum wage has
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PFE
Earnings
- 10/29/24 - Beat
PFE
Sec Filings
- 11/4/24 - Form 10-Q
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- PFE's page on the SEC website