Most of the beneficiaries of an increase in fast food worker wage rates will be young single females. This is also the demographic group most susceptible to going on welfare if they have children out of wedlock. Proponents of boosting the minimum wage of fast food workers to $15 to $20 say that there would be LESS welfare dependency and social subsidies if these workers get higher pay.
According to some estimates, the economy would improve due to higher spending power by fastfood workers which comprise a large chunk of the working population. Also, the cost of a Big Mac will "only" increase by 68 cents. 68 cents USD.
Do you buy this argument? Would would be GOOD REASONS for keeping wages the way it is?