I get its not a "hard" job, but half of you wouldn't want to do these jobs. Nobody should have to work 2 full time jobs to support a family. This should not impact any of the massive food franchises in anyway other than if they want to stay greedy
On paper, it’s cute for sure.
But IRL, let’s look top down, shall we?
Let’s say CEO of big company, who btw - probably has a pretty stressful job, but regardless - homeboy makes 7 Mill. A year. (He’s the tip of the umbrella)
His next down make 1 Mill. (The small portion holding the tip up on an umbrella)
Their next down make ~400k. (Top 1/3 of the umbrella)
Their next down make 100K. (Middle part of umbrella)
And finally, their entry workers make ~ 40k. (Largest part of the umbrella, widest coverage by far)
So now, states and “feel good vibes” increase the minimum super high.
So you think, CEO of said company will voluntarily be like “meh, I don’t need to make 7 Mill a year, I can just make 1 Mill instead!”
Nah. Not gonna happen.
It will pass on to consumer, prices will go higher, money will print and the increase in minimum wage =/= no real gain. What it will affect is everyone who is lower-mid - middle class, because there jobs will not do the same percentage increase if they get an increase at all. A nurse doing 25/ Hour, isn’t suddenly going to get the same 33% increase in wage, that would mean they would now get ~36ish an hour. Nope, never going to happen. So all we do is close the gap between poor and middle class by bringing the middle class down, not the minimum up.
It’s a dumb economic move, period. So easy to poke holes in, a middle schooler could see it.
And this isn’t a personal diss on you at all, please don’t take it as such. I get your thinking which is just “don’t be greedy”. But the people at t he top, many times worked hard to get there, and are now accustomed to that lifestyle and money for their family. Do you think they would voluntarily rip that away? We would be talking losing millions for a company like McD, which has THOUSANDS of locations, hundreds of thousands of employees. Nah,