Sure it seems ok at first glance, but after actually thinking about it it doesn't really help anyone. Cause and effect: You raise your employees pay rate, you have to raise your product prices to compensate. So as they raise the minimum wage to match the cost of living, the cost of living increases making it all pointless. Right?
Also, for those of us who make above minimum wage, there is no plus side. Cost of living goes up, and we get no wage increase to balance things out. So while those making minimum wage continue to have to scrape by, those who were making more before take a hit to the wallet as the prices go up.
Am I missing something important here? I see so many political commercials about one person being praised for supporting the minimum wage increase, and those who don't are being shown in a negative manner. Opinions?
2006-10-15
16:28:10
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21 answers
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asked by
Adam W
2
in
Other - Politics & Government