Quote:
Originally Posted by nfotiu
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.
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I agree that the Federal rate going to $15 would be tough, and that states could do this on their own. The problem is that there are some predictable states that won't. The quality of life disparaties between states is getting obscene.