High wages for unskilled labor, attn GStan

[RolloTheGreat]

All that's going to happen is prices will increase across the board. It will affect all of the businesses equally. Expect to pay more at McDonald's and other places like that. I don't have a problem with it. Those workers deserve a decent wage. Actually those types of jobs are going to be all that we have left pretty soon. Automation is going to replace entire professions. I expect that a basic income is also going to be necessary and they will have to tax the robots. Eventually most people will be paid to do nothing.

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Think about what you said for a moment.

You just made the point I have been saying all along, that unless owners will take less profit, you will see inflation.

That's what making more and paying more across the board is.

If you used to make $280 a week and your food cost $100/week, and now you make $380 a week but your food costs $200/week you haven't really progressed.

No.  It doesn't work like that.  It's not going to double the cost of food and it's not going to make the price of absolutely everything go up. At Costco for example, they are already all making well over $15/hour already.  Labor cost is only one portion of the expenses for a business.  I can guarantee you that the benefits of the increased wages will far outweigh any drawbacks in terms of higher cost of living, for the people directly involved (minimum wage employees).

Sometimes I have a hard time believing you're a teacher with a Master's degree.

You cite anecdotal evidence of Costco? What they're doing at one business is hardly indicative of what would work for all. (which a minimum wage mandates)

Not to mention Costco is again a giant corp with economies of scale working for it and I said throughout that I'm primarily concerned with small business because it's half the employment in the nation.

As far as your 1:1 ratio on inflation arguments go, lets look at Canada where the minimums are roughly 40-50% higher than the US. (but still nowhere near $15)

http://www.nationmaster.com/country-info...-of-living

Looks like we start out with more disposable income here and things generally cost less. Hmmmm, and I used averages for the nation instead of pointing at on non standard business, see how I did that?

Are you sure you're an educator, not this guy?

https://www.google.com/search?q=handsome...9182829660

I kid, I kid...