General Discussion
In reply to the discussion: Sorry... a $15 minimum wage is too high [View all]HoustonDave
(60 posts)so you are advocating cutting benefits to those making minimum wage? Sure sounds it. Who loses in that case?
I find it hard to believe that in the long run, the rest of us won't have to indirectly subsidize this - businesses will be forced to raise their prices to pay the $15/hr workers. The extra $7 an hour doesn't just come from nowhere. If a business is running a few percent gross margin (I work for a huge corporation whose gross is 3.99%) and they have a lot of employees, you may rest assured they will not altruistically donate the difference. Someone pays.
Based on my last few fast-food experiences, $30,000 annually for what they do is a freakin' joke. It fit the old joke better: "Minimum wage means you deserve, and we would pay you, even less if we could... but it's illegal."