re: "Fast Food Workers: You Don’t Deserve $15 an Hour to Flip Burgers and That’s OK"

Fact is, there will always be jobs that earn $ that will be below poverty.

If you raise minimum wage to $15 an hour, there will be near instant inflation. Because the other jobs will have to compete and raoise their wages.

Burger king and grocery stores and everyone else will have to raise prices to pay the labor cost. That in turn, means that your purchasing power is essentially the same.

When minimum wage was $5.25, was life any worse off for the fast food worker than it is now, at 50% higher? No. Because there will always be no skill jobs that don't allow you to live comfortably that will have the same purchasing power.

Minimum Wage = $5.25 Fast Food value meal = $2.99-$3.99
Minimum Wage = $7.25 Fast Food value meal = $5.99-$6.99

There is an increase in commodity costs in there too, but purcashing power doesn't really change.

I do think its been 6 years since the last hike in minimum wage, so it should probably go to 8 or 9 in the next few years.