Originally Posted by
iflyjets4food
I think it is necessary for those who have to try to live on minimum wage, but in the long run, it won't help too much. I was reading in the local PA paper that lots of businesses are afraid on the new pinch it will cause. This means they'll have to raise prices. Now their workers have to pay more to get the goods they already need. This means they'll need another increase in their wage. It is a never ending cycle.
that is an economic fallacy. Trust me, this is not how it works. Things like economic conditions, savings spending rate, interest rates, and effective tax bracket have a lot more effect on the "cost" of things than minimum wage.
To believe all that crap, is the same as believing the managers of airlines that pilots are over paid and they'd all go out of business if they had to pay more.