The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say
There are MILLIONS of kids working every summer, cutting lawns and trimming hedges, who are paid "off the books" so to speak, often for LESS than minimum wage.
I started at about 12 myself.
They're washing cars, and shoveling snow, too....
There's NO way to get an actual realistic figure on your claim.
Consumer spending is on the decline as well - Retail sales growth slows as higher taxes kick in | Reuters
The Case for Raising the Minimum WageMyth: The only Americans working for the minimum wage are teenagers.
Reality: 63 percent of minimum-wage workers are adults age 20 or over. (Source: Bureau of Labor Statistics)
Contrary to popular opinion, the average worker affected by an increase in the minimum wage is not just a teenager flipping hamburgers. Only one in fourteen is a teenage student from a family with above average earnings.
The fact is, almost two-thirds of minimum wage workers are adults, and four in ten are the sole bread winner of their family.
If Republicans had their way they wouldn't raise taxes on anybody for any reason - PERIOD! Yet their leadership has constantly said that the best way to raise revenue is by having more people employeed who would then pay into the federal tax system. Thus, I ask again, why would Republicans be opposed to this measure? You're fighting against your own anti-tax (increase) idealogy.
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
It's not ABOUT higher wages.
If it WAS, they'd seal the border, making "cheap" labor EXPENSIVE when it became rarer, and wages would go up NATURALLY....
What it's REALLY about is a tremendous boost in tax revenue to the Federal government, as they can now apply their percentage of tax to a higher gross across the land, or so they think.
But what really happens is less people get hired, and more family members become employees, because it;s cheaper than hiring someone.
And a lot more of the work in America is done "off the books."