metalhead
Angry Bartender
- Joined
- Apr 15, 2002
- Messages
- 8,031
The idea that food prices will increase by 20% is completely unfounded nonsense.
http://www.fastcoexist.com/3059118/after-a-year-seattles-new-minimum-wage-hasnt-raised-retail-prices
Again, if you want effects look here. The only exception is restaurants...
...and as far as I know no one depends on restaurant food for survival, except sometimes people who work there...
You've totally missed the point. I've gone to the trouble of pointing out that in places where labor makes up a relatively small percentage of businesses' bottom lines - such as in cities like Seattle where most of the cost is in real estate and taxes - the effect is going to be negligible. The problem is, the example of Seattle is not in any way applicable across the country, because in other places, a much larger share of operating costs come from labor. Also, a national minimum wage affects the cost at every step in the supply chain - manufacture, warehousing, transport, etc., costs which are not affected when the $15 minimum wage is isolated mostly to the retail part of the equation.
I feel like you're making excuses that "no credible economic theory" holds that a $15/hr wage is bad, but then you make a fundamental error in logic by holding up the Seattle example as if it means something.