Re: You mean minimum wage hikes come out of *our* pockets?
well, even when i was in high school, McD's here was paying $9 when minimum was $6, cause that was just the going rate to get employees in fairfax/springfield.
ben and jerry's pays $20/hr to their employees (because the owner doesn't feel that the 383:1 ratio between the lowest/highest earners in some companies is morally right). of course, they have supermarket sales to subsidize their storefronts.
smaller companies would probably have a harder time just due to basing their businesses on current labor costs and generally being lower margin (since they don't get scale economies).
I don't know that i have a real point or opinion on it honestly. fast food is already at $8/meal around here, and that's a pretty bad value, so i avoid it. i think that's the only real place where it affects me personally. obviously a big wage bump would also cause inflation on some scale too, but that's harder to judge.
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