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If I already make $12 an hour and all of a sudden they raise minimum wage to $12 an hour, guess what? Now you have just added another person to the amount of people who make minimum wage that didn't before. Also, I am going to demand a raise, because I've been working here for 4 years and now make the same amount as somebody hired yesterday. See the problem?
Don't see the problem - sounds like a great reason for a raise.
reply to post by FyreByrd
Intelligent economists have been saying this since the "trickle down" Reagan era.
Without anybody to buy your stuff, you wither and start outsourcing and stop producing. This is why people were mad about the bailouts; it would have made much more sense to give that money to the homeowners who would have paid the mortgages thus a win/win.
I think it boils down to not only ignorance and hegemony but I seriously believe there is an element of sadism involved that makes certain people hate the idea of the lowest classes getting anywhere in life. That sadism has been biting them in the ass.
I've lived through one as a minimum wage worker, and it does everything they say despite what those little papers of yours are claiming - fewer jobs, increased prices, and devalued worth of everyone else's wages. I saw it all with my own eyes in my own direct experience when every single cent was near and dear.
Through 'one' what?
A singluar experience does not translate to the experience of millions of minimum wage workers.
I'm sorry you had a bad experience. I'd rather err on the side of the many rather, then the experience of one.
If Walmart workers made a minimum of $10.10 an hour, it would only cost customers about one penny. According to a new analysis by Bloomberg News, raising the minimum wage at Walmart would cost the company about $200 million dollars a year. If the retailer passed 100% of those costs on to customers, the average prices of a $16 item – like a DVD – would only increase one cent. If the corporation decided to take some of those costs out of their massive profits, customers would see even less of a price increase. And, if Walmart opted to pay workers more instead of spending billions to buy back their own stock, every one of their employees could make more than $25,000 dollars a year without any price increase for customers.