[americanbychoice3]

Is the Administration trying to shift subsidies onto the private sector?

The constant push for higher minimum wages, as high as $15, would shift the burden of subsidizing low income and low information people to the private sector.

Government will be praised as heroes while (un) intended consequences would make life worse for those poor subjects who will follow like lemmings down the proverbial cliff.

What they will encounter is to lose eligibility for welfare, food stamps, Medicaid and other State and federal programs, leaving them worse off than before. Because of their newly found “wealth”, they would be classified as the “new middle class” courtesies of their compassionate Administration. All the while the federal coffers would increase because of cost savings.

The evil Corporations would be blamed for causing this problem for not paying for extra subsistence.

I don’t believe that that calculation has not already been made by the Agencies?

This is only my personal opinion and I could be wrong.

[Yosemitest]

And as the “new middle class”, of course they'd enjoy paying the government more of their "new and worth-less money" because of their "new tax bracket".

[PGalt]

Very interesting analysis.

Here’s something else to consider. The increased min wage will no doubt lead to jobs lost, more part-time vs. full time and more jobs not being created to save on labor costs. Also more automation vs. employees when possible, and increased productivity from existing employees. If Increased min wage still manages to lower the bottom line, it will be made up in product-price-inflation, as a counter to government dictates on business.

Thanks for your take.