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Originally Posted by JayR9
The scale goes one way or the other. The average middle class consumer is always going to be left with the bill. I rather it be taken from taxes than having the products I consume raise in price.
I'm just saying raising min wage isn't going create this magical world where they can start supporting themselves on $15 hr. Everything is just going to adjust with the min wage increase. Overtime pay is the factor that's causing people to have to find multiple jobs as suppose to just one job. Most employers will try to avoid scheduling anyone over 40 hours to avoid that and most employees making minimum wage can't suppose themselves on just 40 hr work weeks. They would have to try to find multiple jobs and work 80-120 hour weeks.
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$15hr will cover a basic living wage, living subsistence.
If a business can't pay a minimum livable wage, it's not a viable business. We are not in slavery, and the tax payer should not subsidy the slavery for a nonviable business. That is the reason Wallmart, Amazon etc drive small businesses out of the market place. There is a cost of doing business, and that is one of the main competitive advantages that has created a bigger inequality gap. I love to debate you on economics, but this point is not up to debate, it's an economic fact.
The economy is about to experience inflation across the board, people are more inform now and not as willing to be slave labor.