When we pay people $15 an hour to make big macs the value of our currency will shift. 15 an hour was once the wage a post college professional could expect to make. Its what we paid licensed emergency medical workers. 15 being the new defacto minimum wage will translate to 500k being the new median home price.
Sorry taxi, the crash you are waiting for won't happen. Not as long as we are paying entry level fast food workers 15 dollars an hour. Where is my beer, bitch?