[quote=no_such_reality][quote=livinincali]
That’s the problem right. $15/hr sounds like a good plan until you realize that all the costs in the system will go up. What you could buy with $8/hr is the same amount of stuff you can buy with $15/hr once the system adjusts to it. [/quote]
That’s assuming the top end moves proportionately. The problem is $8/hr is really externalizing the real costs of the products that are provided with $8/hr labor.
It’s exactly the same problem with legal labor and 99 cents/lb grapes.
The grapes aren’t really 99 cents, and the illegal labor isn’t really $5/hour.
The grapes are 99 cents plus $20,000 periodic and random ER bills and $14 Billion in school bonds.
And the labor is $5/hr plus the same $20,000 periodic ER bill and $14 billion in school bonds.[/quote]
This and the fact the minimum wage does not keep up with inflation (congress does not give a cost of living raise to MW workers), if inflation goes up 5% a year minimum wage will most likely not see raise for several years And is probably 10 years behind at least currently IMO.
