On May 3, 2014 at 10:00, Fins said...
It's not based on assumptions. Many employers have clauses in their employment contracts that guarantee comparable raises along with any changes to minimum wage. And as someone else pointed out, people making above minimum wage won't be content to stay at the same level if the minimum wage catches up to them.
If your flawed logic worked, then at some point with a minimum wage raise, poverty should have disappeared from America for a period until the evil corporations let the bottom salary fall behind the curve again.
You used flawed logic, I challenge you to explain it. You haven't, and instead used non sequiturs and said I used flawed logic. I merely challenged yours.
You said that raising minimum wage will be moot because the increased costs of goods will raise, making the increases moot (maintaining the status quo).
Can you explain this logic?
