"What do you think will happen when the costs of everything in a supply chain of a company is doubled? They will pass it onto the consumer." Of the 77.2 millio

"What do you think will happen when the costs of everything in a supply chain of a company is doubled? They will pass it onto the consumer." Of the 77.2 million workers earning an hourly wage, only 1.3 million were earning a minimum wage. The notion that 'costs of everything in the supply chain of a company' will double completely ignores the fact that only a small portion of all work is paid minimum wage. "When the majority of companies do this (which will definitely happen), everyone's spending power is decreased. The dollar doesn't go as far as it used to." Inflation has increased while the minimum wage has remained stagnant. There are volumes of money flowing elsewhere that are several orders of magnitude higher than the GDP of minimum wage earners. src: http://www.bls.gov/opub/reports/cps/characteristics-of-minimum-wage-workers-2014.pdf http://www.bls.gov/opub/reports/cps/characteristics-of-minim...