Is raising minimum wage nationwide a horrible idea?

[Mr Khan]

outlawauron 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?

No no. Walmart employee with GED deserves the same obviously.

They *would* go up, is the issue, for that very reason. Not that they feel necessarily like they're entitled to more, but for the mere fact that a $15-an-hour social worker with a fancy degree (and yeah, social workers get paid around that little) could then ditch to do stocking-work at Wal Mart and make the exact same amount, forcing the state to raise social worker wages or risk losing them all to easier, equal-paid work.

Thus it has a net positive effect up the chain. That and minimum-wager's marginal propensity to consume is higher than any other group. Certainly higher than all those billionaires bitching about tax breaks. $100 for a guy like me means a lot more than $100,000 to a fortune 500 CEO.