Quote Originally Posted by .blank cd View Post
Someone getting a cost of living increase is worth more to the company, how? Do the lower people on the totem pole not deserve a cost of living increase?

You think, for a company that brings in 100s of millions in profits, Paying your primary workforce $7/hr is too high of a bar, and that a $2 increase will break the threshold?

Could you find a case where a company went belly-up, when the minimum wage went from $5 to $7?

Maybe even a company whose seen a consistent net profit decrease since minimum wage went up to $7 until now, that is a direct result of the increased minimum wage?

The point I'm trying to make here is that, despite how you feel, data is showing that increasing the minimum wage isn't as big of a drag on the economy or a company as you might think it is.
Devils advocate

So you are admitting that very very few people are on minimum wage anyway, so the $2 a raise is not much. So, defacto, President Obama is basically pandering to a speck of people that dont really matter or mean much in the overall economy.

Its a political talking point, that solves pretty much nothing that the economy is facing right now.

Am i right?