posted on Feb, 17 2013 @ 01:29 AM
It's easy to understand if you think about it. When a product becomes more expensive to produce, the price will raise to ensure profit. Profit is the
reason for business, if you are not making a profit, you will not keep your business.
When I first got a minimum wage job (around 2003), minimum wage in my state was $5.15 per hour. As of right now, minimum wage is 7.25. When I got 5.15
per hour, gas was around $1.50 per gallon, rent was around $250 per month for a one bedroom apartment. Now, minimum wage is $7.25, gas is $3.49, Rent
is around $375. That's not to mention the price of essentials like food, soap, and clothing.
Raising the minimum wage is a short term gain/long term loss situation. That's the hell of it. And yes, you can live on Minimum wage, you may not
live a luxurious life, but you will live. That is less true, however, if you have a family to support. Believe me though, I'm one of those minimum
wage workers people like to talk about so much, and I'm saying don't raise it! Things are expensive enough as it is.