Minimum wage is not a living wage.. its a starting wage.
Raising it is the same as eliminating a starting wage for many young, or minority, or poorly educated, or elderly Americans.
Or eliminating a supplemental wage to some one else in the family, in addition to the main wage earner.
It means the loss of jobs for the workers, and a disincentive to give jobs for the companies, and an incentive for companies to look for alternatives, such as automation, or closing low margin stores and opening stores in some other state.
This is truly the War on Blacks.
This is also the War on Youth.
Too bad they cant see they are being used and discarded by the people they are voting for.
This is truly the War on Blacks.
This is also the War on Youth.
This is also a war on the ever shrinking middle class. Wage compression (lower end wages moving up with no compensatory movement in the middle of the scale) and price distortions (inflation pressures due to high employee costs) all conspire to reduce the spending power of the middle class.
This is not a consequence of this policy, it’s a feature. Marx was all about destroying the middle class to drive the people to beg for communism.