Comments by "whyamimrpink78" (@whyamimrpink78) on "Fox News Fearmongers Minimum Wage Hikes" video.
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Where is the study that shows it will raise prices only 10 cents? How is that determine? Also, even a 10 cent raise is critical for low income workers.
Kyle talking about working full time, making a law that sets wages doesn't set hours. Raising the min. wage means that there will be hours cut. It doesn't matter if your wage is higher if you are working less hours. One can survive off the min. wage, find a way cut expenses. Using this emotional, shallow term "living wage" isn't a way we should be approaching economic issues. We need to be rational.
Jobs will be lost with a min. wage increase. Low skill jobs will be lost. Prices will also go up because the value of the worker has to come from somewhere. You can't compare the min. wage to inflation because not everything inflates the same. How about those workers that worked at Blockbuster? Should they get paid the min. wage? No, they are valued at $0/hr and thus have to find work elsewhere. Like when the tractor replaced the farmer, or now with appliance having rechargeable batteries on board, batter factories and dwindling down to those workers are losing value. Some jobs increased in value, others have dropped, some have stayed the same. You can't make this broad comparison of min. wage and inflation.
Any city that has increased the min. wage and not see drop in unemployment is typically high in cost of living to begin with. Also, overall jobs are not effected, it is low skilled jobs, those at a disadvantage in life that will be hurt.
There is not one good reason to even have a min. wage. It hurts those who it is intended to help and goes against economic theory. Kyle needs to read up on economics a little more.
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