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That isn't what this thread is about. It is about a $20 min wage. There isn't a burger flipper alive with $12 and hour let alone 20. They just dont produce anything of that value. Pay them $20 and what will that 1/4 pounder cost?
Minimum wage in the county I live in is $12. A 1/4 pounder with cheese at McDonalds easily run $7. Even their breakfast burritos is about $1.60.
Because it costs so much for my family to eat out, we eat at home a lot.
I'm surprised some folks aren't seeing that you have to automatically adjust what other people are paid, when you increase minimum wage.
As a quick example, a small business has a janitor making minimum wage, a receptionist making $20/hour, and a bookkeeper making $23/hour. They all report to an office manager who makes $27/hour.
Do you honestly believe you can raise the janitor to $20/hour without adjusting anyone else?
Minimum wage in the county I live in is $12. A 1/4 pounder with cheese at McDonalds easily run $7. Even their breakfast burritos is about $1.60.
Because it costs so much for my family to eat out, we eat at home a lot.
It won't get any cheaper. Increases in hourly wages are passed on to the consumer and people will lose their jobs in order for businesses to main their bottom line.
Location: New Albany, Indiana (Greater Louisville)
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$20 ~maybe~ in the highest COL areas. But main effect would be staff trimmed to bare minimum with margainally employed people ( like single moms) becoming unemployed.
$20 ~maybe~ in the highest COL areas. But main effect would be staff trimmed to bare minimum with margainally employed people ( like single moms) becoming unemployed.
Less total hours worked, less productivity, smaller/less competitive economy overall with a smaller middle class. The CBO estimated that a $15 min wage would get 1.3million people fired and cut economic output by nearly a full percent, lord knows what a $20 minimum wage would do.
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