How does artificially increasing the wages through government fix the problem? All you end up doing is raising level of what we consider poverty. Now poverty will be those making less than twenty an hour instead of those making less than fifteen.
you inflate the cost of living with government intervention and you price the unskilled workers out of the market and force companies to move production overseas.
how does that benefit anyone?
let people be free to make their own career decisions. You'd be shocked at what will happen
It really wouldn't actually. Raising the mininmum wage to 15 gradually over a couple of years will only raise prices slightly and the increase in consumer spending would keep prices stable. This also has to do with inflation. The last time someone could live comfortably off 10 per hour was the 1960s.
There is no evidence raising the wage causes inflation. For one thing, we've raised the wage several times and the economy responded fine.
You aren't taking into account the long term benefit of raising the minimum wage. Yes initially it will cost capital but over time the boost in consumer spending will benefit the economy.
Why do you liberals always leave out the one pesky problem with your $15.00 min wage bullshit?
You claim it wont raise prices to give ONLY min wage workers that magic $15.00 dollars an hour.
What about all the other people who actually have a job that they WORKED hard to reach that $15.00 dollar an hour mark?
What are you going to do for them? And the people who make twenty an hour,are you now going to pay them $27.00 dollars an hour?
If you're so damn stupid you're flipping burgers as an adult ....? Tough shit!!