• spaceghoti
    +5

    Enforcing doubling the minimum wage sounds fantastic to me, but I know that companies will either lay off half their staff to compensate, raise prices, (this decreasing the buying power of those people who just got the pay bump) or both.

    http://www.dol.gov/minwage/mythbuster.htm

    That one is #2.

  • Orestes910
    +5
    @spaceghoti -

    Fair, but given the current number, an increase to $10.10 is significantly more feasible than $15. On top of that, as you've mentioned before, it hasn't kept pace. So yeah maybe raising it in the past hasn't caused disruption, but that's almost certainly due to how comically low it was both before and after the increase.

    I'll gladly change my tune if the McDonalds situation proves me wrong, but again, stagnant wages are a symptom, not the problem.