06-27-2017, 11:16 PM
(06-27-2017, 08:58 PM)dmcowen674 Wrote: I don't think enough time has passed to see the final result yet.
Do you honestly believe minimum wage should still be $7.25 an hour?
I honestly believe that the minimum wage can't become $15/hour because this will result in:
A. $15/hour becoming worth $7.25 an hour due to resulting inflation.
B. Everyone up the line from minimum wage would rightfully demand more wages, resulting in more inflation.
The ONLY way this could work is if the rich agreed to take more money out of their assets to pay the poor and no one else asked for raises above the minimum wage McJobbers.
There aren't enough rich associated with minimum wage jobs to do this, so it would just turn into a shell game of money.