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You can't seriously believe that the minimum wage could be increased by 4X and nothing else would change!!!! If that happened, there wouldn't be anymore $180K houses! A hamburger at a fast food joint would probably cost $25! Unemployment would be astronomical!
Quote:
Originally Posted by newonecoming2
At $30 per hr everyone that was working a minimum wage job should be able to buy a $180K house. Or so. That is my point. We are way over built on houses. This is going to be driving the prices down for a very long time to come. Decades. Tens of years. If you want this mess to be over in your lifetime then up minimum wage by 4X now!!!!
At $30 per hr everyone that was working a minimum wage job should be able to buy a $180K house. Or so. That is my point. We are way over built on houses. This is going to be driving the prices down for a very long time to come. Decades. Tens of years. If you want this mess to be over in your lifetime then up minimum wage by 4X now!!!!
Wow.
Just when I think I've seen all the stupidity I can, this comes along.
So McDonald's employees should get $30/hour?
How much should a Boeing employee get?
How about a mechanic at a Ford dealership?
If you want to help out the poor, we need to reduce the number of them. How about deporting 12 million illegals (opens up some jobs and lowers competition for those jobs)?
At the same time eliminate welfare and replace it with a small 6 month subsidy for married couples struggling and a 100% subsidized birth control program. Since having children is the #1 cause of poverty, this would help people as well.
There you go. A massive shift to help th epoor.
As far as home prices, they are too high and need to come down. Deflating the population and reducing crime will open up a lot of housing and make it more affordable to all.
You can't seriously believe that the minimum wage could be increased by 4X and nothing else would change!!!!
I’m actually looking for some changes. Like unding the housing bubble for starters Front Page Here is a good pice on what we can expect from housing bubble.
Quote:
Originally Posted by bugguy
If that happened, there wouldn't be anymore $180K houses!
You said it. Again you said it. The fed is doing everything it can to get the housing prices to go up and you said it. Upping minimum wage will drive housing prices higher.
Quote:
Originally Posted by bugguy
A hamburger at a fast food joint would probably cost $25!
I wash that wouldn’t be the case but you can’t have everything.
Quote:
Originally Posted by bugguy
Unemployment would be astronomical!
If you were to print some more money and give it to everyone then unemployment would be the same or go down. All by itself upping the minimum wage would do a (what)X on unemployment.
housing tripled in less than 10 years from 1995-2005..when the NORMAL would be to double in 20 years...housing NEEDS to FALL
Falling housing is worse for the economy than a bit of inflation. Deflation is an economy killer. We've got it and higher commodity prices as well. It is the ratio of housing prices to income that matters. Upping income does the same thing as dropping housing prices. More or less. We are going to be having inflation unless we pull $7Trillion out of circulation. Got any ideas about how to do that one.
Wow.
Just when I think I've seen all the stupidity I can, this comes along.
The stupidity was printing $7Trillion over the last ten years. That was incredibly stupid.
Quote:
Originally Posted by randy8876
So McDonald's employees should get $30/hour?
Yes that is the way of it.
Quote:
Originally Posted by randy8876
How much should a Boeing employee get?
a lot more
Quote:
Originally Posted by randy8876
How about a mechanic at a Ford dealership?
a lot more
Quote:
Originally Posted by randy8876
If you want to help out the poor,
I could give a rats arse about the poor. This is all about bailing out the banks from their own stupidity.
Quote:
Originally Posted by randy8876
we need to reduce the number of them. How about deporting 12 million illegals (opens up some jobs and lowers competition for those jobs)?
At the same time eliminate welfare and replace it with a small 6 month subsidy for married couples struggling and a 100% subsidized birth control program. Since having children is the #1 cause of poverty, this would help people as well.
There you go. A massive shift to help th epoor.
As far as home prices, they are too high and need to come down. Deflating the population and reducing crime will open up a lot of housing and make it more affordable to all.
Hmm you bought a line of bull from someone. I think the name is Rockefeller.
Falling housing is worse for the economy than a bit of inflation. Deflation is an economy killer. We've got it and higher commodity prices as well. It is the ratio of housing prices to income that matters. Upping income does the same thing as dropping housing prices. More or less. We are going to be having inflation unless we pull $7Trillion out of circulation. Got any ideas about how to do that one.
the house hasnt change, but the COST sure has
in my ares a basic house was 125-150k in 1995....in 2005 a basic house was 450-500k....dont you just think that housing prices need to comeback down to where a workingclass person can afford it
why would you CONTINUE to deVlaue the dollar
you do realize that increasing the minimum would also increase EVERY OTHER salary out there,,, and the cost of every ITEM we buy with those dollars...or should we go the way of the ruuble(sp?)
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