Bernie Sanders has a goal of making a $15 minimum wage, ranging from librarians to your McDonalds cashiers. I've been thinking about it a lot lately, but wouldn't that cause more harm than good?
I'm not exactly the smartest in economics, so please bare with me. If we drastically increase the minimum wage, wouldn't that result into inflation, thus making the wage increase redundant and useless?
Again, I'm not the most educated on American economics. I'm still learning about it, so don't be surprised if I have misunderstood this subject.
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12/22/2016- Made a bet with Ganoncrotch that the first 6 months of 2017 will be worse than 2016. A poll will be made to determine the winner. Loser has to take a picture of them imitating their profile picture.
