If a producer is already paying a living wage, no prices must need increase. Those who are screwing his employees might raise prices. Those who are not competitive may fail.<quoted text>
Prices for consumer goods will increase. That's a fact.
The minimum wage increase to $9 an hour is not the answer.
Does it not cost more to live in Hawaii than NC?
Of course it does.
Someone in NC making $28K annually would need to make $50K to maintain the same lifestyle.
The minimum wage could be increased to $10,$20, or $50 dollars an hour but that will not necessarily present a livable wage because all additional cost are passed on to the consumer.
As "TSF" there would be an increase in government revenue but I am certain this too would be squandered and accounted for before it is ever collected.
What am I thinking....this "potential" revenue increase was spent before it was proposed.
This debate has been argued for a hundred years in America. There are no absolutes here.