| Nuvendil said: The $15 minimum wage is ludicrous. There are only two ends for that plan. The best case is a MASSIVE spike in inflation that will ultimately drag the dollar value so low that the pay increase is completely offset. The worst case is frankly total economic collapse as large companies get lean in order to compensate for the enormous spike in payroll costs and small business in general is completely whipped out. It's another short sited proposal made by people so obsessed with their own, personal, immediate convenience that they can't pause to consider the broader ramifications of what they propose. And flipping burgers should NOT net you $15 an hour buddy. |
Wage hikes do not cause inflation. Inflation is caused by the total monetary supply. And sorry, but when the CEO of McDonalds makes over $9200/h, you aren't going to tell me he's worth more than 613x the value of the people who actually perform the basic economic task of McDonalds?
