Saturday, February 14, 2015

Minimum Wage Increases and McDonald's

Don't let the "job-creators" get away with it. This analysis explains that there are many components to product costs and often labor isn't the major one. Everyone understands when costs go up for such things as transportation and high rent and we adapt to that. The small bump caused by a minimum wage increase can easily be accepted when we consider the benefit it gives to a great many hard-working people. Furthermore, more money to the less-affluent class generates an instant economic boost because that money goes back into the economy immediately.

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