Adios Dollar Menu

I heard something about how "they" are considering raising the minimum wage to $7.50/hour. They are so dumb. When will they learn?

It would be nice to make more money (I get over $7.50/hour, so it won't affect me). The problem with raising the minimum wage is that everything will change to accommodate it. The main reason you can't get by on $5.15/hour is because of the cost of living. But, if people are making $7.50 an hour, they can afford to pay more to live, and they will.

Right now, you can go to McDonald's and get a couple of green chile cheeseburgers for a couple of bucks. Or, get a meal just about anywhere for around $5. All of the employees at these places are making around $5/hour. If the owners have to start paying them $7.50/hour, then you can expect the meal prices to go up to $7.50. And those of us making over $7.50, which is a lot of people, won't get a raise. We'll be making the same amount of money as prices go up around us. Eventually, our wages will go up too. Then they'll need to raise the minimum wage again. So nothing's being fixed.

The economy rules itself.