RE: "They'll just raise prices if thy raise the minimum wage."
April 14, 2014 at 10:38 am
(This post was last modified: April 14, 2014 at 10:39 am by Mudhammam.)
The funny thing is, they jack up prices anyway. They don't need a higher minimum wage to do that. If wages had simply kept up with productivity and economic growth, minimum wage would currently be $16. The problem is the transfer of wealth into the pockets of crooked CEOs who take home multi-million dollar BONUSES on top of their already insanely bloated salaries. Workers don't get paid more, not because the companies would lose profit but because the owners would have one less house in a foreign country in which to stash their gains made off corporate welfare.