“Seattle passes $15 minimum wage law” Wow! That is incredible, - TopicsExpress

“Seattle passes $15 minimum wage law” Wow! That is incredible, and on par with Australia, the highest minimum wage in the world. But the question in my mind is, will this mean that the price of a Big Mac double so that employers can still make a profit? If so, then everyone who was making more than minimum wage just got poorer. As other states follow, will there now be trans-state smuggling of silly, low involvement goods which have simply become too expensive in states with higher minimum wage laws?

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