I lived in DC.

like a store would just up its prices

19/h there

was the equivalent of 12/h elsewhere

not TOO bad

but not great.

also, more like 10/h elsewhere

yeah

(the minimum wage there was around $13/h I think?

With a minimum amount of 4 hours worked in a shift?)

that would only be beneficial if you commute

Live in a place where 10/h would be livable minimum wage, and then work where its 19/h, so you save 9/h 😛

Well

conversely, the job market is a market too

yes

Anywhere within the metro area, the county minimum wage would generally be higher, at least in maryland.

yes

not quite as high as DC proper

but in order to compete with the DC job market, which would draw said commuters

they have to pay their employees more

i was just speculating what would be the only "true" benefit of having a high minimum wage in a certain area

Naah, you're kind of right.

plenty of people would actually live fairly deep into Northern Virginia, out of the reach of the metro system

well, commuting would generate transportation costs aswell

True.

But all these people arguing for across-the-board raises to $15/h

don't understand what they're asking for.

well they don't understand how money works

You can't just generate value out of thin air

Tell that to the Treasury Department

Walmart can't just suddenly pay people more and still break even the same

They'll have to increase costs, meaning that in the end, to compensate for that 15/h

they'll have to charge so much that people don't get any extra spending power because that 15/h they earn now nets them the same purchasing power because prices got inflated

and by increase costs i mean prices on their wares

why gifs no work

gifs on discord work as an internet link i believe

personal gifs don't work i believe

https://media.giphy.com/media/77XwMyXIgUuVW/giphy.gif

like that

and yes, that sort of treasury department policies is why massive social programs don't work well, because you either have to generate money, inflating the currency and making everyone poor

or charge people masses in taxes

and since Bush/Obama era massively grew FEDERAL jobs, by which people pay taxes from jobs that are paid for with taxes, they'll get inflation

Mass taxation also makes people poorer.

yes

and I mean, I've actually run experiments before

if you follow the same $100 from transaction to transaction