I have done little to no research on this and am shooting from the hip.
Having said that....
The "Fight for $15", is a movement to increase the minimum wage to $15. The basis is that for the most part fast food workers, e.g, are full time employees and can't afford to take care of their families on the current minimum wage. According to Payscale.com, the average wage for a fast food employee is $7.98/hr. That is $16,598/yr. I'm not going bother trying to figure out the take home pay after taxes, etc...
So, if you're a single man earning about $319 a week, you're having a tough time. That's not a living wage so you go on welfare. Now, the American public, is subsidizing your living expenses. Studies estimates that 52% of fast food workers are on welfare and that totals to $7B annually.
- Spoiler: show
These days, though, 68 percent of fast-food workers are single or married adults who aren’t in school—and 26 percent are raising children.
Walmart, I know it's not fast food, is one of the largest consumers of welfare. The average Wal-Mart associates receives $1,000/mo. The avg FT wage at Wal-Mart is $8.81 or $15,576.
- Spoiler: show
If, the minimum wage were raised to $15/hr, what would be the outcome?
1) Would FT fast food and retail workers still qualify for public assistance?
2) Would an increase ultimately be better for America because less people would be on public assistance?
3) Would there be an increase in public assistance because people in these capacities are short sighted and will quit to continue receiving the hands out?
I think at a minimum we'll see prices increase and some layoffs.
I was thinking about it this morning and would, theoretically, assume that there would be a temporary increase in public assistance because smaller companies would have to lay off employees; there would be some price increases, even if it's only a few cents in same cases; but eventually less people would be on public assistance and the government could waste that money elsewhere.










