All very correct, but I'm sure Bernie plans to address that and more. It's also worth pointing out while we're on the subject, that the whole argument against the minimum wage is bogus. in Denmark, a Mc Donald's manager makes something like $22/hour and you know what it cost the company? An extra 20-40 cents on a Big Mac. Oh noes.
The reality is that while higher wages will cause price increases, the increase in purchasing power greatly offsets this - not to mention prices tend to go up anyway (a little thing called inflation) and higher wages help combat this. The current trends and policies are incredibly short-sighted and ultimately self-defeating as potential customer bases are actually shrinking and people are just generally more miserable. You don't have to be an economist to figure out that if the general public has more money to blow, chances are they're gonna buy more stuff or at least pay their bills on time & that's good for everyone.
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