California Will Hike Minimum Wage To $15/Hour

Because they want their competition to pay it, too.

Right, because they can't make it work unless they can raise prices, and raising prices would kill them if they did it alone. So again, someone else has to pay for the rise in wage.
 
Right, because they can't make it work unless they can raise prices, and raising prices would kill them if they did it alone. So again, someone else has to pay for the rise in wage.
Min wagers will pay less of their disposable income for a burger, and max wagers won't notice.
 
Right, because they can't make it work unless they can raise prices, and raising prices would kill them if they did it alone. So again, someone else has to pay for the rise in wage.

Not to worry, there will be an absolutely epic rise in bankruptcies...Nothing like forced wage inflation into a recessionary backdrop...
 
The real problem here is the precipitous decline in the number of fast food joints since the 1940s thanks to all the min wage increases.
 
Min wagers will pay less of their disposable income for a burger, and max wagers won't notice.

Aren't you the wizard, telling us how a rise in prices will affect vast swaths of the population. What about the unemployed? Those who are retired? A mom with 3 kids who's not on minimum wage, just a low salary. Do you even think this stuff through?
 
What about the unemployed?
Apparently a LOT of those have been lulled into idleness by the luxury of our social safety net. A higher minimum wage will, according to simple supply and demand, pull some of those out of their hammocks. The bigger the raise, the more come out.
 
Aren't you the wizard, telling us how a rise in prices will affect vast swaths of the population. What about the unemployed? Those who are retired? A mom with 3 kids who's not on minimum wage, just a low salary. Do you even think this stuff through?

Exactly my point...This a-hole is just as bad as Krugger...
 
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