Hipster
I'm Awesome
Pretty much how it goes, Minimum increases turn into a zero-sum game. It works for a little bit until the costs get passed on. How about the guy making just above minimum that's now back to the bottom along with everybody else up the money chain pay wise who's money doesn't go as far.This is the same problem here in NZ, the cost of a roof over your head is so high that people are unable to live anywhere near there jobs and the rising cost of fuel has doubled the cost of traveling to work. We have has several minimum wage increases but this has just added to our in 7% inflation rate so it's like a dog chasing it's own tail.
Never ending viscous cycle that rewards those that don't want to advance their skillsets.