[quote=capeman][quote=AN][quote=kcal09][quote=AN]If Obama follows through with the minimum wage promise he made during his campaign, we can expect a 50% rise in minimum wage soon.[/quote]
The real question is where will the money come from?[/quote]
If I have to guess, it’s the same place that provided the $ for the Trillions of $ in bailouts.[/quote]
Nope the rise in minimum wage will result in higher unemployment. There is only so much in payroll to go around in the current environment and forcing raises in this climate will only take jobs and replace them with higher wages for those who still have them.[/quote]
Unemployment is a totally different topic all together. I totally agree with you regarding unemployment. The question was asked, where will the money come from. My guess would be from the government. The government would subsidize one way or another. However, they won’t be able to cover all the cost of rising wage. So, unemployment would occur.
