People like that will never complain about the cost of a cup of coffee. But they will be the first to complain if a gallon of gas goes up ten cents.
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Is it at least a full body latte?
Some fallout... http://www.foxnews.com/politics/2015...s-follow-suit/
It is 2015, so $15 an hour sounds rite. LOL the new math
Opinion piece from Fox (MY SHOCKED FACE). Lacks statistics. Citing 'some restaurants' and a comic book store.
I don't think the wage increase was a good thing, but it will ultimately be an experiment. A hand full of months isn't enough to tell. The results will be telling in those cities a couple of years from now. They'll be obvious. I don't vote there and I don't live there. And I'm not the fearful type that believes that 'stupid' spreads to everyone else. Or that 'stupid' can somehow infect me.
However, one's dogma allows one to comment now, cite less than .01% of the local businesses experiences and propel what is, at the moment, a myth.
We live in the age of data, people. The data will be telling. Just give it a little time.
The data for gains and losses to date exists (keep in mind that market fluctuations are heavily influenced by dogmatic speculation). Yet Fox, an organization worth over 11 billion can't pay up for a team to get you real numbers on the impact of the minimum wage increase.
Ignore anyone who is too lazy, too stupid, or flat out lying to you when it comes to reporting on the impact of anything on anything.
They don't have your best interests in mind.
The price of the goods will have to go up. Higher prices are a disincentive and dining out will not be a regular occurrence and business will decline. A bunch of hourly workers will be out of work. The purchasing power of those who are making the higher wages is not realized due to higher prices.
This has been observed as minimums have increased over time. We don't need yet another experiment to identify what happens when hourly wages go up.
my thoughts exactly. we have no evidence whatsoever that raising the minimum wage does anything to help the impoverished. you look at places, like australia, where the minimum wage is very high and its not like people are living the high life, they just have higher cost for housing, food, transportation, etc.
I also saw this story: http://www.grubstreet.com/2015/07/se...tip-issue.html
Yes, I know wait staff (and other tip based positions) include tips to reach the minimum wage, and it's not $15 YET...
But at least he's doing something to protest... And it's more visible than what I do. (NOT go to Seattle)