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sabvre42 on 04 February 2016
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Teeqoz said:
sabvre42 said:

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%.

Cost of living for low-income workers might be up 20-40%, 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%.

Do you understand or know what "cost of living" actually is?

Cost of living is not measured as a % of someone's wages but a set amount. That set amount will increase by 20-40% across the board for all classes. Yes, this will have a lower impact on the middle class than the poor as they have more discretionary income... but its still a loss of discretionary spending.

Also, electricity, consoles, phones, and all sorts of consumer goods WILL see a rise in cost. Customer services centers, distribution centers,  retail centers all employee people below $15 an hour. Amazon for example runs on razor thin retailer margins, and employees minimum wage workers in their distribution centers. Do you really think they can afford to just eat the payroll costs without offsetting it with a margin increase?