The hourly rate you need to afford a two-bedroom apartment in every state

[Brownshoe]

(06-09-2016, 12:16 PM)fredtoast Wrote: Still doesn't change the fact that there will not suddenly be a lot more jobs at Walmart for all of these people to take.

And if they do leave for Walmart jobs that will just open up their old jobs for other people to fill.

If we raise minimum wage people will still be filling the same number of jobs.  No one will be able to demand a raise because if they leave their job the company will just hire someone else to replace them.  There is no way that all the high skill people are siuddenly just going to give up their careers to work in dead end jobs, but even if they do they will just be opening up positions for other people.

Most employers would rather just give people pay raises than to retrain someone. They will get a pay raise.