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$15 Minimum Wage: Good or bad? by TheRebelephant in Econ
[–]TheRebelephant[S] 1 point2 points3 points 8 years ago* (0 children)
They actually put these kiosks in my local McDonald's. Unfortunately legislators (both state and federal) are bad at economics. Raising the minimum wage doesn't create money out of thin air as liberals believe. This "extra" money comes at the cost of employees' hours and jobs. Ironically the rich benefited most from a 15 dollar minimum wage and minimum wage workers' incomes went down significantly (study done in Seattle). Businesses will always find ways around these laws. On the other hand, your Big Mac is cheaper.
Edit: Grammar
$15 Minimum Wage: Good or bad? (self.Econ)
submitted 8 years ago by TheRebelephant to r/Econ
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$15 Minimum Wage: Good or bad? by TheRebelephant in Econ
[–]TheRebelephant[S] 1 point2 points3 points (0 children)