"Angelika Tobisch"  wrote in message
news:47204858$0$4360$9b4e6d93{at}newsspool4.arcor-online.net...
> Dennis (Icarus) schrieb:
>
> >> Anyway, I don't think your explanation is correct. This isn't a
> >> zero-sum game. If a store needs ten minimum-wage checkout clerks at 10
> >> AM, they aren't going to lay some off just because the minimum wage
> >> goes up. What they'll do for the most part is pass along the increase
> >> to their customers. Which will lead to some minor income
> >> redistribution, precisely the desired outcome.
> >
> > Which increases the cost of living, which then makes the liveabe
wage...no
> > longer a liveable wage, as companies pass on their wage increases
> > :-)
>
> That would only hold if people living on minimum wage were the only
> consumers. They're not. Therefore it would "lead to some minor income
> redistribution, precisely the desired outcome."

Depending on whether or not it is your business, it could be major.
Still, as other companies pass on their increased costs, the min wage
folkswill be back in the same point.

Dennis


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