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Very bad

Posted on: January 22, 2021 at 09:21:05 CT
o'lineydisciple MU
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1. Companies will hire fewer lower-paid employees if minimum wage is $15/hour. But they'll still have to hire some.

2. Costs will go up. Maybe not completely commensurate with labor/wage costs, but close. That $15 won't go as far as it used to. And this will be for everyone, not just the $15/hour earners.

3. The future middle class will be limited. With no or fewer minimum wage type jobs, how will the future middle class gain skills necessary to earn a living once they're older?

4. Unemployment will obviously rise.
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How bad will the $15 min wage hurt the economy? - RBT STL - 1/22 08:42:54
     All the landlords are going to raise rent. Nm - justwinbaby KC - 1/22 10:15:46
     If you're going to do it, now's the time - Tigerfish MU - 1/22 09:54:58
     It will have very little impact - Roberts MU - 1/22 09:38:20
     Very bad - o'lineydisciple MU - 1/22 09:21:05
     It will have almost no affect on those getting the raise. - DHighlander NWMSU - 1/22 09:10:32
          "The rest of us will feel it though" I doubt I will (nm) - SwampTiger MU - 1/22 09:17:41
               You won't feel prices going up? You may be wealthy enough - DHighlander NWMSU - 1/22 09:41:48
                    what prices will go up and how much? (nm) - SwampTiger MU - 1/22 09:59:33
               RE: "The rest of us will feel it though" I doubt I will (nm) - cnk ATL - 1/22 09:20:15
          ^ works for the government (nm) - pickle MU - 1/22 09:15:15
     Just another attempt to shut-down bars & restaurants - TrumpToRushmore MU - 1/22 09:04:58
     it will reduce the # of available jobs to those gvmt - 90Tiger STL - 1/22 09:00:47
     maybe not much in aggregate - SwampTiger MU - 1/22 08:58:09
     It will kick the crap out of welfare & Medicaid recipients - MU-TULSA MU - 1/22 08:55:12
     Definitely, and will also impair minorities. (nm) - Newcatbirdseat MU - 1/22 08:53:29
     yes (nm) - pickle MU - 1/22 08:52:49
     It's will go great with $4.59/gallon gasoline.(nm) - Tigrrrr! MU - 1/22 08:52:30
     Prices will be increased to accommodate for it thus making - hefeweizen MU - 1/22 08:50:17
     I doubt it passes but it will make unemployment skyrocket - Ragnar Danneskjold MU - 1/22 08:50:09
          Why wouldn't it pass? The Dems are in complete control, - DHighlander NWMSU - 1/22 08:58:26
               Manchin and Sienema and a couple others - Ragnar Danneskjold MU - 1/22 08:59:08
     The people that lose their jobs can learn to code(nm) - tcat KC - 1/22 08:45:02
     It will cost a lot of jobs, and companies will just move - Sal MU - 1/22 08:44:43
          Fast food companies in rural america are not going to pay - Eggs MU - 1/22 08:51:14




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