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That basic math assumes that you add on the cost of raising the minimum wage by $1.00 instead of reallocating it from one paycheck to another. Person A now make
by LesZedCB 12y ago
That basic math assumes that you add on the cost of raising the minimum wage by $1.00 instead of reallocating it from one paycheck to another. Person A now makes $999/hr and Person B now makes $11/hr from 1000 and 10 respectively. Net loss: $0.00. The real problem isn't that people making minimum wage don't make enough, it's that the wage gap is gigantic.
- jerf 12y agoThere aren't anywhere near enough people making "gigantic" wages to make that math work. The vast bulk of the McDonalds labor force will be middle class at best.
- LesZedCB 12y agowhat happens to the 1.5 billion in profit? It certainly isn't trickling down to the workforce. Bonuses, dividends, some in the bank.