If the minimum wage went up a buck, the corporations would raise the product a buck and a half and pocket even more profits.<quoted text>Yes, your burger would cost an additional $1.00.
So would milk, bread, cereal, chicken, lettuce, tomatoes, bottled water, etc.
Everything that is dependabt on a cheap labor force would see an increase in price.
So where would that leave the new minimum wage worker?
Just as broke and just as dependent.
Ever been to Popeye's? They have this delicious bucket of chicken for $8.99. Increase the minimum wage and that same bucket of chicken will likely rise to $10.99.
The minimum wage person doesn't get to pay the old $8.99.
In the short term, anyway.