Because better, smaller and slightly more expensive eateries take the fast food joint’s place. And they do just fine afterward, employing just as many people as $1 Dollar ClownBurger while paying more.
Bank Study Finds Minimum Wage Increase Does Not Kill Fast Food Jobs
February 11, 2014

Via Americans Against The Tea Party:

It is part of conservative canon that raising the minimum wage — or raising wages in general — isn’t a viable long-term solutions to America’s economic woes. And they’re right. It isn’t. At least, it isn’t in the same way that packing a bleeding hole with gauze isn’t a viable long-term treatment for a gunshot wound. Right now, the nation is bleeding to death from a hole called “inequality,” and hemorrhaging internally from the wound channel of supply-side economics — brought to us by a lead ball most accurately regarded as “materialism.”

Materialism is the obsession with having more stuff. N...

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