Come the new year, millions of the lowest-wage workers across the country will get a raise.
Big deal. As a matter of fact, the country will be worse off than before.
Do we really believe that corporate America will leave their prices as is with the minimum wage increase? Think again.
It will have the same scenario as in the construction industry. When the workers got a raise of 5 or 10 %, the contractors raised their rate 20 – 30% and blamed the unions for the increase.
What I would like to see is all wages stay the same and bring the cost of living down by about 25%. Then we can say there has been an advancement for the working stiffs.
We all know that the bids on the bottom branch always get the worst end of any deal.
Bah Hum Bug and to all a Good Day.