
Originally Posted by
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I am probably the only one in here who knows how raising the minimum wage will affect the economy. It's what I do. We can use math, models, studies, and supply and demand curves to figure out at what point between $7.25/hr and $100,000 dollars a year would have the best economic impact. One thing is for certain: there is an argument to be had that productivity and inflation have outpaced the current minimum wage and that we are at a point where it would be beneficial to raise it. We don't focus on how we feel about who deserves what and the $15/hr BS. That's just something that gets news junkies riled up and feelings have very little room in empirical discussion.