Reply to Help me understand the impact of a $15 minimum wage?

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[quote=Anonymous][quote=Anonymous]The argument that I hear from those opposed to raising the minimum wage is that it will cause employers to cut jobs. 
However, it seems to me that the main impact is that it would cause pressure to raise wages for those currently making between $7.50 and $15 an hour. 
Someone who currently makes $15 an hour isn’t going to be happy to find themselves as a minimum wage worker.

So if wages increases, inflation will increase causing those who will be making the new minimum to have roughly the same standard of living as they do now. 
At least, that’s how it would seem to play out to me.

Can someone who has a better understanding of economics explain why raising the minimum wage wouldn’t significantly increase inflation, thus negating the benefit of a higher salary. [/quote]

The only reason the value of this is even being debated is because we are a country lead by a Congress - none of whom make less than 150 K a year and the majority of whom are millionaires

And they have the gaul to debate that $15 per hour is too much money to pay- at minimum- to an American worker.

In my experience having travelled much of the world, most " 1st world"  developed countries have a higher living wage than the USA AND their citizens get free health care and free college education and 1-2 years paid maternity leave on top of it.

In America, we have people working 16 hours a day doubling up at 2  $7.50/hr jobs, while their kids sit at home on the Internet and we wonder why we have idiots believing in conspiracy theories and storming the capitol.

My god, the average Norweigan makes 100K a year - we can do $15/hr in this country ![/quote]

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