xt, I honestly don't think it will cost many jobs, but it will do NO GOOD whatsoever for some burger guy making $8 an hour now to make $10 an hour 3 years from now. Their rent will probably be higher, their H/C (thanks to ODumbo) will be higher, groceries etc will be higher. They would be much better off just being told to really put some effort in and find something else to do then to try and be happy working for min. wage. I guarantee anyone here this will help the RICH who can raise prices on the apartments they own, etc. MORE then it will help the POOR.
Good! The first sensible thing they have ever done! if the government can set prices for taxes, health care, foods, tobacco, alcohol, why can't they set a minimum wage where people might actually be able to survive? Do you think it is fair to work someone for $7.25/hr.? Can you live making $15k a year full time when it costs the government $60k a year to keep that person on welfare? Do we want to be a third world country? Think of the hundreds of billions in profits the likes of Walmart and Home Depot have raked in on low wages. How many people came through the upper management of those companies as billionaires or worth $100+ million? Is that what our society is about? A few become filthy rich at the expense of millions working for peanuts? Now they can't even get 40 hours, they are lucky to get 28.
I'm sorry but there was a time when everything wasn't just about profits or the stock price. We are eroding our own customer base through greed instead of spreading the money around. I would be ashamed to pay someone minimum wage.
Wow, tons of people don't understand economics. These wages don't go up in a vacuum. The price of everything will go up and the cost of living will remain the same or probably go down since robots can work at McDonalds for a lot cheaper.
Can you at the very least explain why you cannot preface your opinion by a rational argument?
You received 3 votes of approval based on nothing more than a vacuous opinion. A thumbs up is not worth much if it is not attached to a brain..........