I am still not sold on this idea.
I read an article yesterday about the end effect the $15 minimum wage in Seattle and the end result was interesting. It seems prices went up, but it didn't cause anyone to fall off of welfare.
Quote:
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Despite a booming economy throughout western Washington, the state?s welfare caseload has dropped very little since the higher wage phase began in Seattle in April. In March 130,851 people were enrolled in the Basic Food program. In April, the caseload dropped to 130,376.
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This seems to have no positive effect, hasn't removed anyone off welfare, and only raised the prices for hundreds of thousands of people living there. Some restaurants are charging a 15% surcharge just to cover these costs.
I'm sorry, but paying someone $15/hour to work fast food just isn't reasonable.
Article:
Seattle sees fallout from $15 minimum wage, as other cities follow suit | Fox News