06-08-2016, 04:16 PM
(06-08-2016, 03:50 PM)Brownshoe Wrote: It would also increase prices on things like housing since people with minimum wage will bid up the price of housing.
Again the increase would be so small it would have no effect on the market in general. In fact I would bet that very few people making minimum wage are paying for housing without government assistance right now. The only difference is that more individuals would be paying for their housing instead of taxpayers footing the bill for them.
The difference between $15K a year and $20K a year will have zero effect on housing costs because those people can only afford the bare minimum and most people living in bare minimum housing get government assistance.
