China isn’t serving me burgers at McDonalds.

Your argument is factually false.

If you do the numbers you see that the difference between McD’s paying a living wage and the minimum wage raises the cost of a 99 cent burger to about $1.13. That’s essentially a zero effect on burger sales.

Other less labor-intensive industries will see an effect smaller than that. There is close to a zero effect on sales and to the extent that some boundary employers will cut jobs many more jobs will be created to service the higher spending from the better paid workers.

Factually, your theory is just, plain untrue. Do the numbers.

The actual numbers are here: A Living-Wage Minimum Wage Will Not Materially Reduce Employment.

Graduate of Stanford University & U.C. Berkeley Law School. Author of 17 novels and over 200 Medium columns on Economics, Politics, Law, Humor & Satire.

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