What happens when/if they make the minimum wage $15... and make it enforceable? And once we start to see the effects of that? Note I work for a smaller family owned business... they looked at me and said out right "none of us have really thought about that, but you make more than that"... though yes I do make over 15 its not much over, and assuming the effects are what they seem they will be... my wage will no longer be a comfortable living wage(hell it's barely a comfortable wage now).. so basically I was just told a cost of living increases hasn't even been considered and I'm going to go from earning a decent wage to a nearly unlivable wage. (Note: my position consists of multiple different duties that I've never met another single person able to do all three. Not bragging I just know my worth it would take two if not 3 people to replace me).
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They haven't thought about it !? Do they think other companies are going to just absorb the costs? Do they not think their materials, supplies, inventory and consumables are not going to increase across the board? If they haven't thought about the consequences, you may need to dust off your résumé.
And this is why in a few years, $15 an hour will become the new poverty wage because the prices of everything else increased to match it.
Then they will go for $20 minimum wage, only for history to repeat
Then they will go for $30, 40, 50... hence hyper inflation.
Ding ding ding!
Someone knows basic economics :)
Raising the min wage is just a short term solution to a big long term problem...
Make them think about it more carefully.
Regardless of whatever the Dems do.
Help them consider your worth very carefully.
You will both benefit.
I’m sure they’ve thought about it. You just won’t like the answer.