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The proposed wage would be lifted gradually over a couple of years. Not only would this make the initial job loss small, it would give businesses time to prepare. The increase In consumer spending for these 10s of millions would create jobs in the process. Prices would also go down.It would dramatically fix the fucking problem of the poor on welfare!
no dear, because those already making $15.00/hour would then need a raise too to keep the differential. When the entire wage scale went up prices would go up too and no net benefit would be possible. There is no free lunch! And that is not to mention the job loss thanks to the higher wages or the disincentive to work harder and smarter when higher wages come from lib soviet paper shuffling intervention rather then real productivity increases.