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Tag – Minimum wage

The Other Side of a Minimum Wage Hike


It’s easy to think of only the rosy side of Barack Obama’s plan to raise the minimum wage. People we know would suddenly have more income. But that money has to come from somewhere. It just doesn’t magically appear in the economy. Businesses already stressed over the added expense of Obamacare would have even smaller profit margins. And if the pay of McDonalds’ workers goes up, so do the prices, making Happy Meals and other products less affordable to the lower economic portion of the fast food company’s customers. Translation — with fewer customers, jobs are cut.

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