If raising the minimum wage is a great idea, why not raise it to a $1,000,000 so no one is poor? I have to use extreme types of examples at work to make my point too. People look at it and they say, it’s only a couple bucks and the owner’s can take less profit or increase their wages etc. but in reality what they’ve done is made the owner to find ways of cutting costs and one of the quickest ways to cut costs is to fire employees or replace hamburger with Alpo. You choose.
I would gesture to say that most people are economically illiterate. If they think businesses are going to take the hit - they are sadly mistaken. They either pass the hike on to the consumer or do what these businesses are doing - cut hours and staff. Lands, I can’t believe the stupidity of some Americans - those who run governments should be required to take economic classes.
That is ridiculous.
I’ve always thought we could kill two birds with one stone.
1. Raise the minimum wage to $1,000,000.
2. Tax those rich bastards to oblivion!