Reply to MD $25/h min wage

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[quote=Anonymous]This will be spectacular for pricing and inflation:

https://wjla.com/newsletter-daily/maryland-minimum-wage-rise-25-an-hour-bill-proposal-debate-costs-living-legislative-tipped-workers-annapolis-polling-restaurant-industry-small-business-staffing-pricing-dc-lawmakers

R.I.P. MD businesses.  Imagine having to pay some teenager the equivalent of a $52,000 per year salary to scoop ice cream, or pay that salary to a cashier in some bookstore who sits around 70% of the time.

Americans are and will be so massively overpaid.  The American economy will collapse under this level of labor cost.  I guess the college educated admin is going to need to make $200k/year soon just so there is enough gap between them vs the teenager pouring their coffee.

What a stupid idea.  Hyper accelerate labor costs, which in the end do nothing except raise prices leading to no gains in purchasing power for min wage employees. All the increases in wages will do is raise prices and ruin everyone's savings.   Why do Dems love throwing gas on the inflation fire?[/quote]

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