Not when it’s done incrementally as has become the standard model surrounding the entire issue.
Samm
465
I wouldn’t pay 50 cents less for a Big Mac regardless of what the workers are paid.
There … it comes out even.
If I ate them that is. No way Jose’. 
WuWei
468
Then why is the current minimum wage not enough?
Because no matter what you raise it to it’ll never be enough.
As the economy evolves, more and more jobs are low wage jobs and more and more adults are doing them instead of kids in entry level positions. People actually are trying to get by on that ■■■■■
It’s going up a dollar a year until it hits fifteen in most places that have passed legislation.
I think so, for the forseeable future.
1 Like
No matter what you raise it to it’s never “enough” because prices rise commensurate with minimum wages.
There’s a solution to adults working in those jobs, it’s called briinging back our manufacturing base and expanding our domestic energy sector.
Inflation far outpaces minimum wage hikes and has since 1968. Minimum wage would be $25 an hour by now if it kept up with inflation. It is not the main driver of inflation, not by a long shot. Nominal incremental hikes can be easily absorbed with minimum effect on inflation.
Minimum wager hikes raise consumer prices.
How is inflation calculated?
How is the CPI calculated?
Marginally.
Prices.
Again, if MW kept pace with inflation it would be $25 an now.
It drives up consumer costs which is only a small part of the overall inflation calculation.
You can’t increase costs on employers without that cost hitting the workforce, consumers, or both.

WildRose:
It drives up consumer costs which is only a small part of the overall inflation calculation.
You can’t increase costs on employers without that cost hitting the workforce, consumers, or both.
As I’ve said several times, the cost is marginal.
Not to those in the lower classes.
Increased costs of consumer goods and services always quickly outpaces the rise in minimum wages.