(March 11, 2016 at 11:48 am)Rhythm Wrote: Way to completely avoid the issue while purporting to speak to the issue. If you think that a raise in wages will -necessitate- an increase in price or remove profit entirely....then you're describing a situation not at all consistent with reality.
The real question, however, is whether or not this should surprise anyone?
Seattle and NYC have already raised their min wage to 15 per hour to ill effect, and in both those cities the average income is well above the min 15 dollar an hour min. If you move that requirement to a lower income city where the majority are on min wage it could completely destroy the economy.
http://fortune.com/2015/07/30/1223726-15...fast-food/
http://www.forbes.com/sites/realspin/201...14bfab3680
