Quote:
Originally Posted by Gulfcoast
The problem is that all wages and the prices for everything (goods/services/housing) will also go up as the minimum wage rises. It's all relative.
This isn't going to make things better for the low wage earners and it's going to be terrible for the retirees in Florida who are already living on a fixed income.
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For every action, there is an equal and opposite reaction. Too often people only see the side that sounds nice and do not understand that there is also a downside. This will be great for minimum wage earners but there will be a price to pay for small business and there will be job losses as well. Also as Kenswing mentioned some minimum wage earners will lose their federal assistance. Also people who now make 15.00 per hour will demand an increase and rightfully so. It’s never that simple.