sperrico87 on 31 August 2012
She makes some valid points. Whether it's popular to say or not, the minimum wage continually being increased does lead to higher unemployment. I mean that's not a difficult conclusion to draw at all. If companies are forced to pay $7.50/hr instead of $5, they're either going to lay people off, raise prices, or both. Usually both.
So, and I'm not saying it's a living wage... but just factually speaking, it is a fact that there would be virtually no unemployment if there weren't a minimum wage.
And people with lots of money who own businesses that in turn employ people make up more than 90% of the economy, so anything that helps those companies stay in business here in the U.S. is a good thing.
