DIYbanter - View Single Post - Dunkin' CEO: $15 minimum wage is 'outrageous'

Tom Gardner[_29_]

On 8/3/2015 4:15 PM, wrote:

You claim to show what will happen, but I think you are wrong.
Increasing the minimum wage is likely to have a trickle up effect.
The people who were making $ 15 an hour before the minimum wage will
get their wages increased. There current employer will either pay
more or they will find another job that does pay more. And so on.
So eventually even those on Social Security will get more. It will
just cause inflation and that will eventually get $15 an hours as not
enough to live on.

You did not consider anything but the cost of labor going up. But a
higher Minimum wage will increase all costs eventually.

Dan

Isn't that funny how that happens every time?