How will Obama stop the manufactors from raising their prices to pass it on to the people buing the goods.Coffee shops will raise their prices even higher.You can see most coffee shops are not as busy as they used to beThe rich people can afford to go to their fancy restourants.The seniors will be getting screwed as their cost of living on soc sec goes up a small amount .NO MORE TIPS WHEN WE GO TO A COFFEE SHOP.
It's arbitrary wage inflation for unskilled work. Expect service to get worse in service industries. Unemployment will go up again with minimum wage hikes and Obamacare. People in retail I talk with are already getting their hours cut to 30. Funny thing is they don't know where it's coming from - Obamacare.