Quote:
Originally Posted by Top-Water
Lots of valid points mentioned above. Wonder how it woks if your making a little above minimum wage currently and your boss cuts your pay because he is forced to pay all the under performers more.
A negative side effect is for folks on fixed incomes like SS. Hold on to your wallet. Thing will cost more.
It always sounds great for the politicians to claim we raised the minimum wage and how awesome we are for doing it. But in IMHO they always leave out that everyone else who does not get an increase gets a purchasing power decrease.
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I don't think any employer is going to cut your pay with the unemployment rate this low unless they want you to leave.