- Aug 16, 2015
- Reaction score
It won't do anything of the sort.I like the idea of raising the minimum wage. It will help all poor people. Just so happens it’ll help 38% of black workers and only 23% of white workers. I suppose you’ll say that’s racist towards whites?
What you have to understand here is that you can't dramatically increase wages on just one group of people. When you increase wages on one group of people, everybody outside that group will demand their wages increase as well. This is the Domino Effect.
So wages increase, but after a year or two when the cost of living increases, those people working for MW at today's rate will be right back to where they are today with the new increase because everything else will be more expensive.
So if it's really not going to help these people, what will it accomplish? Inflation like we haven't seen since the Carter years.