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Old 01-16-2016, 11:50 PM
 
Location: Oregon, formerly Texas
5,242 posts, read 3,401,717 times
Reputation: 8787

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We argue so much about minimum wage when historically speaking, raises in the minimum wage did not hurt anything. Multiple studies of states have shown that minimum wages that are higher on one side than the other do not hurt the state with the higher min. wage. Washington state's economy is a lot stronger than Idaho's. That has little to do with the respective minimum wage rate. It's because Washington's economy is more tech and manufacturing based; Idaho's is agricultural based. Also, we can look at Canada, which has had a higher minimum wage than the U.S. for some time. That does not hurt its economy.

Minimum wage hikes have never harmed the economy; they have happened dozens of times in the past with no detrimental effects.

Both the proponents and the detractors of minimum wage increases are making much ado about nothing. Some people act as if $15 is great money. Where I live, the workers make $15 if they stay at McDonalds more than 1 year. They start around $12. It is that expensive to live here that if you pay less than $11 to anyone, you will not keep them more than 6 weeks or so and risk hiring people at that level who will steal from you. The only people I've ever heard make the minimum wage locally are temps and people who sign onto day labor agencies.

The people arguing for $15.00 are saying raise it to that much in 3-5 YEARS. We would be in the 2020s before it got there. At this rate, when we finally get $15.00 minimum wage it will be 2025 or 2030 and we'll need $20.
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Old 01-18-2016, 03:44 AM
 
690 posts, read 459,292 times
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That's what usually happens. Prices and cost of living go up to leave the new increased minimum wage lagging behind. Then we're back to square one again.
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Old 01-19-2016, 02:21 PM
 
Location: Oregon, formerly Texas
5,242 posts, read 3,401,717 times
Reputation: 8787
Quote:
Originally Posted by Rkstar71 View Post
That's what usually happens. Prices and cost of living go up to leave the new increased minimum wage lagging behind. Then we're back to square one again.
The only way to avoid inflation is to have a gold standard or some other point of currency valuation based on something very stable.

I don't understand why all of you are so fond, or at least tolerant, of inflation and yet don't want to inflate wages enough to even keep up. As long as we have an inflationary money supply, we need inflationary wages or else we all become poorer.

It's been happening for 35 years - inflation is one of the primary reasons the 1% has gained disproportionate shares of the wealth. In a world in which money is based on nothing and more is always created, the people with the advantage are those that have a lot of excess money.
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Old 01-20-2016, 05:57 AM
 
270 posts, read 136,660 times
Reputation: 140
A higher minimium wage to me means--throwing a bunch of lower-middle class (and upper working class) people out of work by artificially hiking the wage equilibrium to the point where employers refuse to pay and they pack up and move to a low wage site.

I live in the Rust Belt. Factory jobs left here precisely because well-meaning people started yelling that $15 an hour was not enough for a factory job. Then $25 an hour was not enough. Then $35 was not enough. Finally, the factories took their jobs down South (or overseas) and said, “The Hell with you, go work fast-food.” Now here we are.

The bottom line is that a low wage job is better than no job at all.

It might make sense to hike the wage in a rich, snooty place like Manhattan, DC or San Francisco. But for the rest of us--it's a killer!
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