- Joined
- Dec 3, 2013
- Messages
- 57,470
- Reaction score
- 14,587
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
Re: Warren Buffett Don't raise the minimum wage
not really. as in the long run 15 dollars won't be enough to live on but that is what happens when you raise the floor.
everything else raises with it and you are set at a new floor level.
just now they don't qualify for the stuff they use to they make to much money.
it is called economics of scale.
I don't think people are understanding this like Buffet is. They are only looking at party lines. He doesn't seem like he looks at that stuff. Raising it $15 now nationwide would be horrible. In the long run it would be fine though.
not really. as in the long run 15 dollars won't be enough to live on but that is what happens when you raise the floor.
everything else raises with it and you are set at a new floor level.
just now they don't qualify for the stuff they use to they make to much money.
it is called economics of scale.