Also, social justice people, Walmart, and all the other big corps will survive hikes like this - most likely by automating significant chunks of their work force or off-loading labour costs on to their customers (see grocery self-checkout) or by hiring more people and giving their entire work force fewer hours. At least, that is what the evidence will look like.
The little guys. The backbones of the middle-class communities will get muscled out like that, and guess who is going to replace them? Either no one or another big corp.
Best case scenario is that turnover decreases. Good workers stay on, and bad workers don't get jobs period. That wouldn't be an awful outcome.
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