[Dr Winston O Boogie jr]

Originally Posted by buggyone

Pretty interesting reading but I do not see much of it makes sense.

I really doubt if there would be the pitchforks happening.

As for the idea of a doubling of federal minimum wage getting people out of poverty, if wages go up for minimum wage, other wages will have to increase and when that happens - prices go up and basically everyone is back to their original place in the economy.

Actually they're worse off because the government takes a bigger cut. Prices have to go up at a higher rate than wages in order for manufacturers, wholesalers and retailers to keep up with the taxes.