Sharpryno on 04 February 2016
First, if minimum wage continued to rise with productivity we'd be over $18/hour.
Second, its not like it will just jump to $15/hour. It will slowly increase over the next few years to adjust for inflation, which won't be nearly as high as you think.
Third, since 1978, CEO bonuses have gone up well over 1000%. The money has flowed their way and not to the workers.
Lastly, if more people have money, they will spend more, especially the middle class. Will some businesses fail? Yes, but others businesses, better ones, will take their place and thrive.
