Ray From Cleveland
Diamond Member
- Aug 16, 2015
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What ramifications? People drastically increasing their spending and benefiting the economy? Less people collecting federal benefits?And to answer the OP's question... Yes, the usual suspects will screech the same 'Sky is Falling' Bullshite they've always screeched when it's proposed we take care of our struggling workers a little better.
And as usual, the sky won't fall. Oregon took a bold step here. Oregonians should be very proud. Now it's time for the rest of the country to follow suit.
Not so fast. Give it about five to ten years to see the ramifications of this huge increase. Then decide if that's what we want all across the country. Why do you think they phase these increases slowly? If it's so great, why not just increase minimum wage all at once?
I'll leave you to think about that one for a while.
The only way to stop people from collecting federal benefits is to reduce the threshold for which one can collect--not increasing minimum wage.
The ramifications will be the loss of businesses and expansion of businesses in those areas. Again......this will take time to evaluate as no state has businesses flocking to them every single day. It's a slow process and needs to be evaluated in due time.
That's why I said give it five to ten years so a pattern can be noted. But ask yourself: if you were a business owner, wanted to expand your operations, would you choose a city or state that would require you to spend tens of thousands more, or a place where you can save that money for yourself and your business? It's a very simple calculation.