[GeronL]

So, those already making $8.25 get to see price hikes that compensate without getting a payraise themselves. Meaning those who make close to the new minimum are actually going to be worse off.

[oldbrowser]

So, those already making $8.25 get to see price hikes that compensate without getting a payraise themselves. Meaning those who make close to the new minimum are actually going to be worse off.

What happens is that the people making 7.25 to up to 8.25 . Everybody gets about 13% raise and then the price of everything goes up about 13% and the only winner is the IRS.

[trebb]

So, those already making $8.25 get to see price hikes that compensate without getting a payraise themselves. Meaning those who make close to the new minimum are actually going to be worse off.

Yep - perfect examples of the old joke: Guy gets hired and asks what the pay is. Owner of business tells him, "I'll pay you what you're worth". Guy replies, "I can't live on that".

Too much cost for unit of production and some "economizing" is necessary and then the businesses will be vilified for not having hearts and for being "greedy".