Comment Re:Crazy (Score 1) 778
Yes, some badly run businesses may go out of business, but that is a regular occurrence anyway. A substantial increase in the minimum wage means poor employees have more money to spend in their local economies, which of course can lead to more jobs.
I personally think that there is an obvious overall benefit to the economy and crime is also likely to fall as some people no longer feel the need to commit crime to make ends meet. Having a high minimum wage is worth it because it takes people out of poverty and benefits the taxman with more taxes and means that other tax payers can pay less because they don't need to support poor people who are so badly paid that they are still claiming benefits whilst they work.
Why should tax-payers subsidise corporations like Walmart who pay low wages?