Is raising minimum wage nationwide a horrible idea?

[exdeath]

IkePoR said:

Blob said:
Having not read the thread I can tell you it's wrong. People talk about how the minimum wage in Australia is $15. But in Aus the price of things is far more expensive than it is in America, to the point that the minimum wages is about the same between the two. You raise the minimum wage, you raise the price of everything, thats economics.

Is there no wiggle room where a min. wage worker can afford to live on their salary without facing harsh poverty issues?  You make it sound impossible.

Depends if "live on their salary" means being single with an iPhone, a plasma TV, a BMW SUV with 26" rims and 6 kids by different daddies as it seems to be....

The problem isn't minimum wage, it's unrealistic expectations of what sort of lifestyle it supports, misunderstandimg of needs vs wants, misplaced priorities, and unrealistic minimum lifestyle status in general.

 

"I can't feed ma 15 kids and my mortgage and BMW payment on minimum wage." Guess what, baller, you're not supposed to be able to.