Is raising minimum wage nationwide a horrible idea?

[phaedruss]

MDMAlliance said:

exdeath said:

So what about people who went to school, got certifications, etc who are making $15 an hour already? Do they go up to $25 an hour so everything stays even and fair?

Do you mean high school or college?  And the market would most likely adjust accordingly on its own.  (If you meant college btw, I think $15 is a really low payment for a degree).

So the market would adjust accordingly in that situation but not the other? Why is that?

 

Also: to the person above-have you seen the college graduate employment statistics?