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How is rising wages a bad thing? What is your solution then? Just to keep wages low? Wages and inflation are two separate things and are not in direct correlation. Whatever price increases there may be would be offset by higher pay. When lower wage people have more money in their pockets, they spend more, which drives the economy.
Rising wages --> rising rents (rent inflation). Why do landlords raise rents when wages increase?
You don't need funding I started at min wage at .65 an hour in const. later raised to 1.25 an hour.I learned and have been making $35 an hour for the last 20 years as a finish carpenter.I learned and honed my skills own over $15,000 in equiptment. the lazy burger flippers will never deserve what I have accomplished ever ever. so *********r funding if an idiot can't move up due to lack of wanting to spend the effort time or money then too bad. Invest in yourself forcing the employers to do it for you will result in failure. yeah lay around like a lazy slob and the gov will help you HaHa
Just some background information, in 1968 the adjusted value of the minimum wage was $10.64.
In 1981 the minimum wage was $3.35 ($8.46 today), by the time it was raised in 1990 the minimum wage was down to the equivalent of $5.88 today).
In 1997 it was raised to $5.50 ($7.87). When it was raised in 2007 the adjusted value of the minimum wage was down to $6.09.
The minimum wage of $7.50 when it was introduced had purchasing power of $8.30 today.
So essentially for most of the last 40 years the minimum wage has actually been reduced. The current minimum wage is 30% below what it was worth in 1968.
We don't live in a bubble.
And we have added hundreds of thousands of new pages of regulatory fees and new federal and state mandates and new taxes, so those businesses back in 1968 had a lot more of their profits available to them to use for paying salaries.
For what it's worth, and for those of you who care, here are a couple conservatives discussing the minimum wage.
How would that help min wage workers? All that would do would require min wage workers to rely on more Government help. I am sure businesses would love if that happened though.
uhmmm...99% of the states have a min wage...and most are higher than the federal
No one prevents you from buying or renting any house cottage or hovel you want, at whatever price you & the owner agree.
Oh really? I rented a cottage once and when the owners relocated and sold the property, we agreed on a price for the cottage but the city would not allow then to sell me the guest house independently of the other house on the property.
meanwhile their taxes increase EVERY FREAKING YEAR
oh you forgot about that didnt you
Not necessarily, see Prop 13 (property taxes cut an average of 57%, rents rose). Similar property tax cuts in Massachusetts and Michigan failed to trickle down to renters.
Yet you claim that the SEC prevented you from opening that business. Perhaps more research is in order. Most businesses arre started with a level of funding that doen't get near the level at which the SEC would be involved.
There is also a threshold for NUMBER OF INVESTORS which triggers SEC involvement. Burger flippers generally cannot provide sufficient funding (form say, a burger joint) without exceeding this number of investors.
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