When Seattle raised the minimum wage to $15/hour, everyone screamed it would lead to mass unemployment. That never happen. Suddenly the lower class had more money to spend, which boosted the economy as much or more than higher wages hurt bottom lines.
>which helps the working class so that they aren't working and on medicare, section 8, food stamps etc. - as many Wal-mart workers currently are. That saves us money in the long run.
A higher minimum wage leads to lower employment not higher employment.
>When Seattle raised the minimum wage to $15/hour, everyone screamed it would lead to mass unemployment. That never happen.
It has been shown many times that a higher minimum wage causes less employment. It is also obvious from first principles and basic logic. Price controls are a very bad idea, and wages are no exception.
The minimum wage doesn't make anyone be paid more. It only causes anyone paid less than it to instead be paid $0, and instead be paid an unemployment benefit. How is that reasonable?