$15/hr minimum wage

[*bfine32*]

(08-08-2018, 05:12 PM)fredtoast Wrote: Labor is only a fraction of the cost of any goods.  And minimum wage increases are only a fraction of the labor cost.  So costs are not going to go up dramatically.  

It blows my mind that people are actually trying to argue that we have to keep working people in poverty so that we can afford hamburgers.

Your blown mind aside: Who the hell argued we have to keep people in poverty?

I simply stated we must keep 2 and 3rd effects in mind in the post you quoted.

For instance in this very post you say Labor is only a fraction of the cost. Let's understand that material is also another cost.

What's going to happen to the cost of that material if the wages of those that produce/extract/create... that material increases?