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When was the last time a value meal from McDonald let alone any other fast food chain did not cost five dollars or more When was the last time premium gas was under a dollar a gallon Its hard to remember isnt it Wouldnt it be great if everything cost a nickel like back in the good ol days According to the laws of economics its not logical for things to have gotten more expensive competition should drive prices down Then why have prices continued to rise over the yearsThe continuing demand of more money for less work has forced Uncle Sam to raise the minimum wage innumerable times in the last half century which results in higher prices for the rest of us Another raise in the minimum wage would as all the others before it raise prices for consumers which would again result in another demand for a raise in the minimum wage Its a viscous cycle that must be stopped before it loses control Not only does a raise in minimum wage result in a raise in the cost of living it also causes the dismissal of hardworking people who are happy with their current income When the firing axe starts to fall seniority often determines who goes and who stays The more a single employee costs a business an hour the fewer employees the business can afford to employee an hour This results in the dismissal of employees to compensate for a raise in labor costs which creates a smaller staff which results in slipshod service Although most reasonable people would rather pay more for better service the plain fact of the matter is that the service hasnt really gotten any better The service is better than it was when there werent enough employees so
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