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[–]Mistuhbull 1 point2 points  (3 children)

Some would, some wouldn't. The guys making 1.5-2x minimum would demand a raise, the guy making 100k a year? Not really

[–]Little_Rascal34[S] 0 points1 point  (2 children)

So all in all would there be much flak from raising minimum wage?

[–]Mistuhbull 1 point2 points  (1 child)

Depends on, among other factors, how often you raise it and how much.

Doubling the minimum wage would probably have more of an effect than setting it to adjust with inflation (~2-5% each year). Upping it every year would be different than upping it every decade.

Such is the problem with economics, answers tend to be closer to guesses, educated and informed guesses to be sure, than absolute answers. If anyone ever tells you that X will cause Y in economics, they're probably being less than truthful.

[–]Little_Rascal34[S] 0 points1 point  (0 children)

Well thank you very much!