Quote (IceMage @ 14 Apr 2016 18:09)
Wouldn't it be a bad idea to mandate a wage that would take more poor teens/young 20 somethings out of the workforce?
I mean, even the most liberal economists admit that an increase in the minimum wage increases poor unemployment.
It'll be made up for by the people who don't have to work two or three jobs to make ends meet for their families.
In all seriousness, I consider that benefit much greater than the unemployment effects, which I think aren't really all that bad. Sure, there's a bit more of a push toward automation, but I think that the push is only slightly faster than it already is anyway, because companies want to cut down on labor costs and would have it fully implemented today if they could. It's not like the technology isn't there.
Quote (stimpy6298 @ 14 Apr 2016 18:11)
at $15 per hour you guys realize gas will be $5 per gallon....ill just use that as one example you can guess the trickle down effect for the rest of good and services
lol, how does this work, exactly? What parts of the supply chain for gasoline would spike so much because they're dependent on minimum wage labor, precisely?
This post was edited by AiNedeSpelCzech on Apr 14 2016 08:14pm