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View Diary: Fast food CEO not freaking out about possible minimum wage increase (86 comments)

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  •  Class war? (0+ / 0-)

    Those who do not improve their skills commensurate with their raised income will lose out to those with advanced skills. Many of the latter are currently the long-term unemployed who have skills but are over-qualified and thus priced out of today's economy.  

    With such a drastic increase in the minimum wage, actual job numbers may move slightly one way or the other, but today's working poor with minimal skills will soon be replaced by today's very hungry, unemployed go-getters.

    It'll be like throwing chum into a piranha pool.

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