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Higher minimum wage will kill entry-level jobs and economic growth
submitted 7 months ago by voter from spokesman.com
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[–]MojaveCoyote 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 7 months ago (1 child)
In a perfect world raising minimum wage would put more in unskilled labors pocket but in reality every time a wage hike happens, the large apartment complexes raise their rents 40.00 dollars a month. Not to mention the price hikes from all stores and restaurants to cover the extra costs per hour for wages.
[–]PsyDerr 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 2 fun4 insightful - 3 fun - 7 months ago (0 children)
Then people will shop at new stores that don't raise their prices. McDonalds had a net income of over 5 billion dollars in 2017. It can afford to pay its employees a living wage and still have a healthy profit without raising prices at all.