Re:The situation is not totally helpless however.. (Score 4, Insightful)

So we raise the min wage to $50/hr. What will this do. I currently make$35/hr so I need a raise to $75/hr because I do not have a basic job. The people that have more responsibilities than me get a raise to $100/hr. So now that means that everything that we produce must cost more to cover our wages as I work in a small business and there is no big corporate money. Our product that was selling for $150 must now sell for $225. Are you as a consumer willing to pay that increase or is my company going out of business?