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Let's look at two examples that those who want to raise the minimum wage use in their campaign.
1 McDonalds - if they pay out more in wages do they raise their prices to cover the increase in costs and who spends money at McDonalds - those making a minimum wage - so they gain wage increase and lose by higher living cost.
The same is true for Walmart. If their costs go up will they raise their prices? It seems to me, who once was poor to the point all my clothes were hand downs, that Walmart has been a blessing for the poor, with AFFORDABLE prices.
I do not have the answer but I think that by talking about raising the minimum, wage political people are just pandering to the emotions of those making the minimum wage.
They talk about bringing American jobs back to the US. But they cannot show us a large group of companies that will find it economical to bring those jobs back. YES, they can show us an occasional company but we needs hundreds of companies.