http://www.chicagobusiness.com/article/20141206/ISSUE07/312069992/emanuels-minimum-wage-hike-is-a-maximum-fail

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ddrew2u
5 years ago

Minimum wage discussions — tragically for this country — is always seem much ado about almost nothing, in eighth grade math terms. Illinois’ current minimum wage is fully 25% lower than LBJ’s federal minimum wage of almost $11 an hour — DOUBLE the per capita income later. Barbers in France get paid a lot more than barbers in Poland because France has a lot more to pay — hint. Big box Walmart has 7% labor costs. Walmart says $12 an hour is their average of full and part time pay. 25% increase (to $15) in 7% costs = 1.75% price… Read more »