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by Inside Manvia twitter edited by Steve Krakauer, CNN8/19/2013 2:00:54 AM
If fast food restaurants have to pay a min of $15/hr, employees will be fired so others can make $15. Those remaining will have to take up the slack. Prices will increase and hours of operation for the restaurants will decrease. How is that a better situation?
As much as I feel for the workers, the industry cannot sustain this wage for workers and survive. At $15, fast food joints would have to severely cut the number of workers, and raise prices. In turn, they would lose business. At $15, they would not hire teenagers. There are reasons that these are starting wage jobs.
Workers need jobs and jobs are created by companies investing, not by unions bargaining. Prosperity in America depends on being competitive. Google and Apple do this well and show that jobs can be created in America, not just China. We need effective unions to support employees but we need successful companies a lot more.
The minimum wage was never intended to be a livable wage. Minimum wage is paid for work that is minimum skill. It should be a supplement or a first, short term step. In difficult economic times, raising the minimum wage could delay recovery. Doubling it is asking
If fast food workers get paid $15 that would cause a huge uproar with the people working more demanding jobs that get paid less . all wages would have to be increased. Wouldn't prices of everything also rise even higher?