$15 minimum wage?

>pros?

>cons?

discuss

why would i pay you 15$ when i can pay 13$ maintenance cost robot?
where will you work if they all replaced you with robots

Raising wages is an extremely good thing for the purchasing power of a nation. But this must happen in a market conform way.

> For example;
Influx of illegal immigrants creates a huge supply of labour. If demand does not increase equally or more you'll see a drop or stagnation in wages and a decline/stagnation in purchasing power
Which is bad for the economy

If you could make sure the supply of labour would stagnate or fall while making sure the demand for labour stays the same of keeps growing a little bit you'll see something different.
Because there a more jobs than people who want to work, employers will start rising wages to attract employees (producing will still be more profitable than not producing). The rise in wages will create more purchasing power pushing demand higher and higher and thus is good for the economy.

> cont.

kek Raising, i'm sorry Rising*

>Pic Related

Also, raising the minimum wage disposes of unskilled labor while increasing demand for skilled labor (automation/maintenance)

>$15 minimum wage

Pros: You get more money to buy soon to be more expensive products.

Cons: Look at the man on your left and the one on your right, one of them is heading to the unemployment line.

>pros
one step closer to forcing corporations hands into automating everything and bringing on a post-scarcity economy

>cons
a lot

why don't they just make the minimum wage $100/hr? then we can all be rich.

>American
>Get shot
>Can't afford hospital bill
>"Oh well, at least I can buy an extra 0.15 burger"
>Die