Quote:Now regarding your "simple" answer, here is a follow up question.  What happens if the price of hay goes up in order to compensate for the rise in labor cost?

I've got a simple answer of my own for that one:

 

As the cost of hay goes up, the cost of products dependent upon hay goes up. And the price of those products goes up, it trickles on down the line to the cost of consumer goods. Ten years from now, as the price of consumer goods (and fuel, and energy, and housing) continue to rise, we'll hear once again from those earning the now-$15/hr. minimum wage that they can't afford to live on that salary, and need more money, and the cycle continues.

 

Minimum wage is not meant to be a living wage. It's meant to be paid to teenagers and/or college students who need some extra cash or want to build real-world work experience. If a 35-year-old with two kids is making minimum wage, they're doing it wrong.

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