The issue isn't a minimum wage, it's we need a maximum wage, tied to a percentage, highest total compensation gets no more than 25 times lowest paid. Anything more taxed 100%.
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Why not just raise it to $50/hour? $100/hour? Or how about $1,000/hour? If it's good for the economy at $15/hour and it doesn't harm businesses, then lets go ahead and really crank it up, right?
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This will hurt retirees on fixed incomes. Prices for everything will go up, but not their income. And inflation will soon erode any gains made by the workers, those that keep their jobs that is. It's only good for the tax man who takes a larger share.
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