USA TODAY: 13 states raising pay for minimum-wage workers.
Here’s how I know raising the minimum raise won’t damage the economy. Look at the map on at the link above and you will see that the minimum wage in Wyoming is $5.15. Obviously MacDonald’s and WalMart want the keep their margins high, that is a universal goal of business. What if they were forced to increase their wages there by, say, a wopping 80%. What a huge burden that would be. Obviously they would have to cut jobs, close locations, why that would be almost $9.30 an hour!
Oh, wait. Look over at Washington. Minimum wage is $9.32 an hour? Clearly there must not be any fastfood or bigbox stores in Washington, how could they survive paying 80% more there than the Wyoming rate.
By the way, the minimum wage in Australia is $15 an hour. She there must not be any fast food restaurants of box stores there either.
Rage wages up to a level that people working full time are no longer eligible for government assistance like food stamps and we will all benefit. Wages paid go right into the local economy for goods and services, unlike excess corporate profits that get invested overseas, or as Apple does with its cash reserves, just stockpiled in banks.
Also here’s a funny joke from Chris Rock: “You know what it says when your job pays you minimum wage, don’t you. It says ‘We’d pay you less if we could, but it’s illegal.'”