Bloodbath in CA from raising the minimum wage for fast food workers to $20/hour
(media.greatawakening.win)
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Maybe it's the European in me speaking but every single full time job needs to pay a living wage, a life for a life. If the employer can't afford to pay a living wage, that means there's not enough demand, that job doesn't need doing after all, they should close up shop and everyone involved should find something more useful to do.
Historically, increasing the minimum wage has always resulted in the same thing: employers complain and threaten to leave, then grudgingly pay up because leaving is more expensive than slightly reduced profits, and the entire working class's living standards improve as the higher pay trickles up to more complicated jobs. More purchasing power stimulates the economy and everyone is better off.
Incorrect. Increasing the minimum wage takes purchasing power away from higher paying jobs until everyone is equally poor except for those at the top— the investment bankers whom our money ends up trickling upwards towards. They don't eat the reduced profit, are you retarded? They just jack up the prices on everything. Just like what's happening right now.