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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (900376)	11/13/2015 8:28:42 AM
From: one_less	Respond to of 1575429

Did anyone recommend and immediate jump to 15 bucks and hour or a phased increase over some years? Push For $15 Minimum Wage Becoming Part Of Presidential Politics npr.org So bring the whole family. I've shown you the math. A $15 minimum wage would result in a Double Quarter pounder meal costing $26 dollars. Seem extreme? Not when you stop to think about historical costs. McD charged just 15 cents for a hamburger and 19 cents for a cheese burger in 1955. What changed? As prices go up, wages that make the new prices affordable go up. So if unskilled workers entering the workforce at entry level service jobs should get $15 to sell $26 burgers, then wages across the board have to go up to afford the new high prices of goods and services, not to mention rising taxes. It's not like burgers are the only item or service effected, with such a change at the base entry level, all goods and services are effected. Raises above the entry level positions and on skilled and professional occupations also need to rise. To what end? Outcome, rampant inflation in which a 100k per year job is not enough for a family of 4 to get by on. And a 15 dollar an hour job becomes worth about as much as the current wages before inflation.