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<blockquote data-quote="It will be fine" data-source="post: 2931868" data-attributes="member: 55017"><p>There are no FACTS in economics. There is no "control" Seattle where they didn't raise the minimum wage. In economics there is theory and indicators. Different studies try to identify causes and results. </p><p></p><p>I can understand business owners arguing against raising the wage, it doesn't make much sense to me for a worker making minimum to argue against its raise. Trickle down won't happen, labor cost is only one of many factors in determining costs of goods and services and any correlation between raising wages and costs of goods are not 1:1.</p></blockquote><p></p>
[QUOTE="It will be fine, post: 2931868, member: 55017"] There are no FACTS in economics. There is no "control" Seattle where they didn't raise the minimum wage. In economics there is theory and indicators. Different studies try to identify causes and results. I can understand business owners arguing against raising the wage, it doesn't make much sense to me for a worker making minimum to argue against its raise. Trickle down won't happen, labor cost is only one of many factors in determining costs of goods and services and any correlation between raising wages and costs of goods are not 1:1. [/QUOTE]
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