theprof00 on 01 July 2014
The minimum wage argument is always so vexing. Yes, it increases food prices, but by such a small amount that it really affects nothing. If a store has 20 employees affected by a 1 dollar wage increase, and on average it employs 10 of those every day for 8 hours, you're only looking at an 80$ increase in cost per day. A grocery store could cover those costs with a tenth of a cent increase to food prices. But no. A grocery store will raise prices significantly more than it has to, and simply use the defensive rationale that their costs are higher.
It's bullshit really.
However, this 15$ per hour wage is really far too extravagant. I think 10-12 is a good average. That roughly equals 350 or so a week with a good tax refund and 40 hours.
