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$15 is to high it would probably have to many negative consequences but it should at least be tied to inflation so about $10.50 at the least maybe $12 at most.
Totally agree, perhaps a gradual increase would be best.
yup, your right, no one seems to have the ability to look at the trickle down effect this is going to have, right now, I buy a bag of chips and it's only 1/2 a bag, soon it will be less....
this is going to effect everything, in the long run.
Why would a $15.00 per hour wage create ripples when a $300 million annual CEO salary does not?
Why would a $15.00 per hour wage create ripples when a $300 million annual CEO salary does not?
This Is How Much A Big Mac Would Cost If The Minimum Wage Was $15
If the minimum wage were increased to $15 an hour, prices at fast food restaurants would rise by an estimated 4.3 percent, according to a new study. That would mean a McDonald’s Big Mac, which currently goes for $3.99, would cost about 17 cents more, or $4.16.
The reality is that in many of these "other countries" we are always hearing about the college decision is made for the student early on.
You can hear alot of stuff. Doesnt make it true. In lots of countries, the students decide if they want a vocational track or academic track around 15 or 16 years old, and if they regret their decision at a later stage and dont want to be a carpenter, they can take some courses and qualify for university.
Why would a $15.00 per hour wage create ripples when a $300 million annual CEO salary does not?
Because Tiger, that money is already counted for, in our taxes....their salaries go up our taxes go up....
same with raising the minimum wage.
No matter where you go or what you do, your thoughts, words, feelings even have a ripple effect...which can either be positive or negative...everything you do effects others....and so will a raise increase of $15.00 an hour.
everything will eventually go up b/c of it....
Look what happens when gas prices go up...all other prices eventually go up....same with this
if it costs more to ship items, then all those items that are shipped will go up....
This Is How Much A Big Mac Would Cost If The Minimum Wage Was $15
If the minimum wage were increased to $15 an hour, prices at fast food restaurants would rise by an estimated 4.3 percent, according to a new study. That would mean a McDonald’s Big Mac, which currently goes for $3.99, would cost about 17 cents more, or $4.16.
I don't mean to be sarcastic, however, that is a small percentage, to think that someone could dictate what a business owner's prices will be, due to this wage increase is ludacrist....
sure, that seems fair, and about right, however, most business owners do things out of greed, not out of what's right to do and while your post, is the right thing to do, most prices will be even higher.
Ridiculous to use McDonalds as an example of minimum wage price impact. They make their money on small margins but huge volume, they sell billions of burgers a year. The McDonalds example is an extreme case that tells the story that paints a rosy picture for one company.
I don't mean to be sarcastic, however, that is a small percentage
So lets do it. 4% price increase of a Big Mac is nothing considering how many people will benefit. Fact of the matter is that the cost of labor is just a small part of the overall cost.
That is why America has about the highest price of Big Mac in the world even though the workers are making starvation wages.
In Denmark for example, they are making $17 an hour with great benefits like 5 weeks paid vacation and 1 year paid family and medical leave. Cost of the Big Mac is $4.44 in Denmark and $5.04 in America. We should absolutely raise the minimum wage to a living wage and index it to the overall median wage growth in the economy.
This is a good page from the Department of Labor that addresses some of the minimum wage myths
In the short term, the price of a Big Mac would rise from $3.99 to $5.50. A Big Mac meal would go from $5.69 to $7.85.
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