Reply to MoCo $26/hr min wage

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[quote=Anonymous][quote=Anonymous]So much for "fight for $15!".  Apparently 'liveable wage' is now defined as $26/h according to a local candidate running for Congress:

https://www.reddit.com/r/MontgomeryCountyMD/comments/1ao8s15/my_name_is_ashwani_jain_and_i_am_a_montgomery/

How much more evidence do we need MoCo has been completely overtaken by radicals and is beyond the point of no return. A $26/h min wage would obliterate businesses.

Soon the burger flipping teenage earns wages equivalent to $55k/year. [b]Why wouldn't all of the working professionals who now make $55k demand much more compensation to maintain their gap over an unskilled teenager?  [/b]

Now all you've done is set off a wage price spiral and cause tons of inflation. In the end the burger flippers still do not achieve more purchasing power because the price went up everywhere else accommodate higher wages and costs for labor.  All you've done the entire time is ruin everyone's life savings with uncontrollable wage price spiral inflation.

Does MoCo produce pols worth a lick of salt and anymore?  No wonder there is so much uncontrollable crime in MoCo when they produce pols like Jain who have zero clue of economics.  This is the problem with crying for 'livable' wages. No one can even define it, and before you know it, the burger flippers think they deserve $100k per year salaries.  [/quote]

Low-paid professionals won't be getting any more money, though. But we would see our purchasing power eroded by rising prices. [/quote]

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