Originally Posted by Axeman

The other issue with the theory is the fact that all skilled labor will also demand more money to be in line with the increased in pay, their skills warrant. In McDonald's alone, that would mean the assistant manager, manager and GM etc.

Then you take college graduates. Teachers, Police Officers, Welders, Electricians, Doctors etc. They will demand more money, and be entitled it, based on their skill set. And if given, inflation rises rapidly, and these low entry level unskilled workers are back to the same spending power they had before. Things just cost more.

And if you don't pay the skilled workers what they are worth, then you are going to see a brain drain, as there is no incentive for these people to get educated and spend all that money on tuition if the net pay is just over what it would be to work fast food. Why put yourself if in debt, and have a job with stress, if you can get paid good money, for a carefree job like flipping burgers at McDonalds.

Utopia is just that. An idealistic dream, but never achievable.