I love all these people saying how sharply we need to increase - TopicsExpress

I love all these people saying how sharply we need to increase minimum wage. You people are idiots. If you jump from $7.40 to $10.50 or $15 an hour, there is going to be massive spikes in unemployment and prices everywhere are going to go up. Ill make it simple Business profit - reasonable minimum wage worker pay = business making some money Business profit - massively increased minimum wage worker pay = business losing a lot of money Business will always compensate for losing money. And the best ways to do that are to cut employees out and raise prices. Think again before you complain about how much your entry level position pays. If you wanted more money you shouldve put yourself on track for better.

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