Why not 20? Think of all those companies whose workers make say 17 an hour? Think they will just chill if avg McD's salary goes to 15?
If you can assure me no cost of goods will go up sure. Be curious to see how fast mass transit rases costs.
Only time will tell I guess.
That is why, I have said you can offset some of the costs for increased wages with tax decreases or incentives for the wealthy and corporations to try and mitigate any negative employment impact or increase in cost of goods. Because you would be getting higher tax receipts form the increased wages it wouldn't be all that costly to the budget to do so.
But for certain even if you did that there would likely be increase in cost of goods. However, the market will dictate how much you can get away with rising the price of goods.
For instance, using Madhatter's example from earlier, if we raised wages and therefore, McDonald's decided in order to protect profits they wanted to double the cost of hamburger meal, well the general public may not want to pay $15 for a crappy burger and no longer eat there. Demand would go down, and they would have to lower their prices to maintain market share or to stay in business.
So I think you would see an increase in cost of goods, but I don't think it would be as dramatic as some of you have suggested.
Hilarious to see a democrat talking about lack of intellectual ability in the Republican party.
The Democrat base is made up of people who barely have a functioning IQ.
I will only speak for myself since I am the one who originally said it, but I am unaffiliated with a party and was most recently a Republican. But it is a perfect example of Republicans easy dismissal of everything that is critical of them as liberal and/or from a Democrat.
Plus it is funny, since most Republicans would tell you that the Democratic base is made up of scientists,mathematicians, most of the media, and the vast majority of college professors and others involved in academia.
But to further illustrate my point, is there an academic study or non-partisan report that backs up your assertion that the Democratic base barely has a functioning IQ? Or is another example of simply saying something that you want to be true to make yourself feel better about your own party's deficiencies in the realm of intellectualism?
Which is false. And the same could be said about the other side met with the exact same answer as I'm saying
Is it false?
This is a party that refuses to believe in global warming which is scientific consensus.
Republican legislatures have been passing bills because they actually think United Nations Agenda 21 is a global conspiracy to wipe out freedoms of all US citizens.
They believe that the media is part of a vast left wing conspiracy that participates in liberal activism.
They regularly and famously attack academia and college professors for spreading liberalism
Despite the CBO and CRS (both completely non-partisan) repeatedly saying that tax cuts for the wealthy does not cause economic growth only deepens divide between wealthy and middle class, or that Obamacare actually reduces the deficit, or that raising taxes on the wealthy will have minimal negative impact on the economy, they refuse to believe it and continue on their tax platform and hold a vote every other week on Obamacare because it is a "deficit buster".
They believe gay people destroy the fabric of society
Fox News thought all the polls that showed Romney losing in 2012 were all liberally biased and that Nate Silver was falsifying his math to make it liberally biased for Obama
they are buffoons. do you not think the people they are supposedly targeting isn't going to respond in kind and just swarm the polls to show their response?
do you not have faith in the people the Reps are going after?
If they do, cutting early voting, cutting Sunday voting, and creating long lines in densly populated voting precincts, and taking away provisional ballots are designed to deter people from doing so.
Don't forget redstricting as well. Even if the do it will have less effect on the House.
Even if Democrats receive more overall votes it will be more difficult to change the house.
There is a reason this has become the Republicans top priority around the country.
Bury you head in the sand and slurp the Republicans teat if that is what it takes to swallow this bill. But they have made it clear what this is designed to do, and have championed its results in other states.
Making it more difficult to vote under the guise of fixing a problem that does not exist is fundamentally un- American and is frivolous spending personified.