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> What actually happens is that by raising the minimum wage, you lift minimum wage earners from a state where they barely survive to make ends meet to one where
by maratd 13y ago
> What actually happens is that by raising the minimum wage, you lift minimum wage earners from a state where they barely survive to make ends meet to one where they consume the stuff that society at large is producing.
That may happen to some workers, but many others will simply find themselves out of a job. Even if 90% of the workers simply see a good wage increase, is it really appropriate to put the other 10% out of a job to do it?
> There's a virtuous circle in there.
Sounds like a vicious circle to me.