How Raising Min Wage will lower everyone's standard of living.
Raising min wage lowers everyone else's standard of living. Every time min wage goes up so does the price of goods and services. To the point of retailers raising prices a couple of months in advance of the min wage increase. This robs those min wage employees of a real wage increase because that extra money they got was spent on the same amount of goods and services. Sometimes even resulting in that new salary buying less goods and services than before. Everyone else on welfare, pension, disability or working for more than min wage got NO increase but the price of goods and services went up thereby lowering their standard of living. This is class warfare at its finest with the goal of reducing us to the lowest common denominator. All equally impoverished.