Exactly. If you raise the minimum wage then you are essentially raising the "bar" as to what is considered poverty.<quoted text>Increasing the minimum wage has benefits to the US treasury also.
If minimum wages increase to $9, the social security taxes on the minimum wage will increase from 86 cents to $1.12. 56 cents of that comes from the employee's check and .56 cents has to be paid by the employer. So that is an increase of SS taxes of 30.2.% for the government and 25.8 % for the employee and 26% increase in cost for the employer. So in helping the worker, our government is also helping itself but at the expense of the employer. The balance is when there are no more jobs for workers, theye is no more money for the government to pay unemployment. I am very apprehensive when someone decides to "help" me because usually, they are going to help themselves more. However, if I cannot afford to pay someone $10 per hour, I will just do the work myself or not even do the work.
Not to mention that the current employees will begin to address their current pay rate and the fact that they are no longer paid at a livable wage with them being just above the new poverty line.
The most concerning point is all of these cost WILL be passed on to the consumer.