Originally Posted by Minda
I agree that everyone should be able to earn a wage that they can live on; I just don't think that raising minimum wage gives anyone a liveable wage.
That's true. They need to raise minimum wage to a livable amount. If they don't, you can be sure there will always be people - good people - who won't be able to earn enough to live on.
Yes, companies will react by raising their prices, but if consumers would respond by refusing to pay, they'd find other ways (paying less at the top, for example) to stay afloat. Most of us feel they have us over a barrel.
Notice these past few years that prices rose for necessities and things people don't like doing without, but they stayed the same or went down for things we're willing to put off buying or do without. Laptops are way down, IMO mostly because people so hated Vista that they stayed with the computers they had. The tough economy also contributed, of course.