Quote:
Originally Posted by Sliver
The alternative is allowing businesses and business owners to be subsidized by the labour of poor people. That's outrageous to me.
Some businesses may fold, but they should if they can't raise their prices to offset their increased labour costs. Again, because a business's ability to survive shouldn't be based on exploiting the labour of poor people.
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The problem I have is why is $15 this magic number that is the right number for the whole country? $15 is nothing in NYC, while it let you live very comfortably in Iowa.
If a small town economy is set up so that rent is cheap, food and other goods are inexpensive, then a big boost in min wage is going to disrupt that whole local economy.
Calgary has a $15 min wage, and when I go back there I am shocked at how expensive everything is. There are a lot of places in the US that $7-8/hour will go a whole lot further than $15 would in Calgary.