LogFAQs > #970440812

Lokarin posted...

But I also found studies claiming the exact opposite... :/

Basically ,unless a grand experiment is done where a large region has either no minimum wage or a very high minimum wage there's no way to know for sure

Fuck studies.

Seriously, I have seen the results and a large increase in minimum wage seems to just freaking hurt everybody.

It doesn't help people making minimum wage because the cost of everything goes up more than the increase % of minimum wage (Even though that makes no freaking sense).

I seriously hurts anyone making anywhere between min wage and 3x min wage, sometimes significantly by dragging them down to the new minimum wage in fact.

It still hurts anyone making more than that as prices go up and the money they make doesn't go as far.

I absolutely CRIPPLES anyone living on retirement funds, fixed incomes, social security etc.

I'm not saying min wage shouldn't go up, but it should be a flat wage increase for everyone making under a living wage (I would say anyone making less than 3x minimum wage/hr or anual salary based on 40 hours a week at min wage).

That would probably solve most of the worst problems (although you would see an even larger increase in prices probably which would again make those actually making min wage or close hurt even more).

There is no simple solution, unless you freeze rent prices at least, increasing min wage just hurts everyone, only the wealthy or upper class have the fund or enough income to not really notice the difference much. Everyone else freaking suffers.