Quote:
Originally Posted by PaperBagger'14
If $15/hour is debatably a living wage as you've claimed, how would they be able to afford going out to restaurants?
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The bottom line is they won't because of the "Broken business model" the owner will probably have to increase the menu and drink costs to make up for the minimum wage increase so the worker that wants to eat at that restaurant isn't going to find an increase in spending power.
Its the same with other businesses that employ minimum wage workers, they increase their pricing to make up for it, so the buying power of the minimum wage earner doesn't increase that much because everything becomes more expensive.
It just looks good in a newspaper article that minimum wage increases. At the end of the day it doesn't address the root problem of what we can do to improve their earning potential, I would tend to think things like educational and training programs would have been a better place to spend them money personally.