A $15 national minimum wage doesn't look economically sound to me

[Erich Bloodaxe BSN]

25. I'm in one of the cheaper parts of the country.

$15 is a decent wage here, and as we saw with the fast food examples, costs of goods sold will only go up minimally to cover the costs of giving employees raises in the vast majority of types of business.

Who gets hit by increased cost of service or goods? Highly labour-intensive businesses. Masseuses are the example I use. But the thing is, those services/businesses already typically charge well above $15/hr. They run 65-75/hr out where I am in cheap cost of living territory. So their purchasing power will go down some, while their wages won't go up.

There will certainly be some job losses - there always are when things change. But a lot of folks will have more spending power, creating new jobs elsewhere. So there will be disruption, and it will suck for some folks, but with more money allowed to flow in the economy, more jobs will be created than lost.