GoofGoof
Premium Member
There's a few problems with this thinking. It doesn't consider how much the raise in the cost of living would be offset by the raise in wages (as discussed before), how much more business would be generated by the raise in employee income, what else contributes to the cost of living (such as tax rates and access to and quality of public services) and other countires that have minimum wages around $10, but lower unemployement rates than the US (like Canada). You're argument makes sense from a simple, short-term business perspective, but that's also a major problem. This whole argument can't be broken down into basic either/or scenarios, especially when the numbers given aren't very well justified and given little context. I get what you're saying, but this isn't that easy an situation to solve.
Also, if I were offered an assistant manager position at $10/hr, I'd quit that job.
I have a friend who's wife is an assistant manager at Walmart and I can tell you she makes a whole lot more than $10/hour. Actually considering she has no college degree or specialized training she does pretty well. She started as a cashier making poor money but they do take care of their middle management a little better. She is salaried now and definitely works more than 40 hours a week so I guess it somewhat evens out.
Where I live I can't imagine anyone living on minimum wage. Even raised to $10/hour the cost of living is just too high. Maybe in some parts of the country you could do it. A national minimum wage makes no sense considering the vast differences in cost of living. It's not surprising that CA based fast food chains are paying employees higher than minimum wage since the cost of living there is so high.