sabvre42 said:
Teeqoz said:
Prices won't increase proportionately to minimum wage increase, not even close. Consumer goods are priced for the middle class, not for the lowest earners, so while prices might increase somewhat, their purchasing power would still be substantially higher. And isn't part of the point that it shouldn't really be possible to have a job yet still need food stamps (or whatever else governmental assistance you mean)?
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No. Government assistance is better for the economy than forcing the market to use a minimum wage.
Also, a $15 an hour minimum wage would cause a 20-40% cost of living spike depending on your region. The poor would not see their purchasing power go up AT ALL. Minimum wage workers are already compensated by the government. The middle class on the other hand would have their purchasing power go down as employers are not going to adjust the market up 20-40%.
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Cost of living for low-income workers might be up 20%, but cost for middle class? Lmao, no. Iphones, Xboxes/Playstations, electricity, house rent, real estate prices (in middle class areas), gasoline and a ton of other things will barely budge by a minimum wage increase. Cost of living for middle class will be marginally higher, not even close to 20%, not to mention 40%.
