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Cassiopeia

(2,603 posts)
6. This is brought up every single time anyone brings up minimum wage.
Wed Dec 30, 2015, 09:37 AM
Dec 2015

I remember when they wanted to lift it from $4/hr to $4.35. Burgers at McDonalds were supposed to go from $5 to $15 overnight.

Flash forward 24 years. Minimum wage is now nearly double that $4/hr rate and so many other real life costs are much higher and a burger at McDonalds still costs $5.

The real life consequences of raising the minimum wage is that the people that make minimum wage are more likely to participate in the economy and their employers just make more money.

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