The price of a big mac doubles. The price of everything doubles. The businesses that can hire illegal immigrants to do the job for cash under the table at less than minimum wage will operate that way.
Jobs disappear, purchasing power declines, and just maybe this triggers the hyper-inflation that’s been building out there ever since the Fed started papering over the deficits with “Quantitative Easing.”
Smart move, commie unions. Hope it works out for you.
Jobs disappear, purchasing power declines, and just maybe this triggers the hyper-inflation that’s been building out there ever since the Fed started papering over the deficits with “Quantitative Easing.”
All of these economic “experts” that claim raising the Fast Food worker pay to $15 would have no effect on jobs are idiots with no real world experience. I can speak definitively from 22 yrs. experience that every time the minimum went up, staffing levels and hours went down, prices went down and profits went down.