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Old 03-28-2014, 11:25 AM
 
Location: South Bay
1,404 posts, read 867,969 times
Reputation: 525

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Quote:
Originally Posted by urbanlife78 View Post
That is awesome, hopefully more states will follow. I imagine Washington and Oregon will be the next states to do something like this.
WA and OR are already well over $9


Why not raise the minimum wage to $100? Minimum wage is an arbitrary number that will price out unskilled labor, and especially against the poor and youth.

If minimum wage goes past a certain point the service industry will invest in automation, and the unemployment roles will grow by leaps and bounds.
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Old 03-28-2014, 11:27 AM
 
Location: Great State of Texas
86,093 posts, read 72,534,315 times
Reputation: 27566
Quote:
Originally Posted by Egbert View Post
Yup cherry pick. Most of the costs you cited are either not up much at all since 2008 or are tightly controlled commodities through government regulation e.g. utilities and pharma with prices subject to a lot either local, or national regulation.

That is why the CPI is generally used because it is a basket of commodities that reflect the economy as a whole, now it has its problems, but not the kind of problems the conspiracy minded right places on it.
Deflation is usually a boon to people not in debt and have cash to spend.
Not so with the Fed controlling interest rates my friend.

We have not had true deflation because with true deflation cash is king.
And that didn't happen this go round did it ?

Savers suffered just as much, if not more by the Fed's meddling in the economy.
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Old 03-28-2014, 11:28 AM
 
Location: Barrington
45,888 posts, read 34,076,160 times
Reputation: 15338
Quote:
Originally Posted by OICU812 View Post
How is a person supposed to raise a family on $10 an hour?
One cannot. That's why the combination of legacy benefits for low income family earners, EITC, TANF, SNAP, free/reduced cost school meals, Section 8, Medicaid for children, etc. combine to substantially increase a low income family's buying power.

After taking the value of these benefits into consideration, how many families are actually living on minimum wage?
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Old 03-28-2014, 11:28 AM
 
Location: South Bay
1,404 posts, read 867,969 times
Reputation: 525
Originally Posted by HappyTexan
Don't be so smug to think it's not being tested.

McDonald's drive through order takers in close to 50% of their stores are "remote" outsourced help.
Bet you didn't know that.....

I'd narrow it down to "minimum wage jobs are usually service industry jobs that require a physical exertion of the worker"

Quote:
Originally Posted by urbanlife78 View Post
I would have to actually go to McDonalds to know that. McDonalds food isn't in my diet.
In other words "Out of sight, out of mind"

It must not exist if it doesn't in your world.
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Old 03-28-2014, 11:28 AM
 
Location: Portland, Oregon
46,053 posts, read 29,533,646 times
Reputation: 7830
Quote:
Originally Posted by HappyTexan View Post
That's not "normal fluctuations" by any means.

And when they get a raise it's not a $2/hour raise is it ?
How can you possibly compare a normal raise of $.25-$.50/hour to a mandated raise to all of $2/hour ?
A 25 cent raise? That is quite the junky raise you are getting. And yes, your description is called normal fluctuations of employment.
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Old 03-28-2014, 11:29 AM
 
Location: Great State of Texas
86,093 posts, read 72,534,315 times
Reputation: 27566
Quote:
Originally Posted by surfman View Post
WA and OR are already well over $9


Why not raise the minimum wage to $100? Minimum wage is an arbitrary number that will price out unskilled labor, and especially against the poor and youth.

If minimum wage goes past a certain point the service industry will invest in automation, and the unemployment roles will grow by leaps and bounds.
It's already occurring in Europe.
But since our MSM doesn't talk about it ..."ignorance is bliss" as they say.
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Old 03-28-2014, 11:29 AM
 
Location: Portland, Oregon
46,053 posts, read 29,533,646 times
Reputation: 7830
Quote:
Originally Posted by surfman View Post
WA and OR are already well over $9


Why not raise the minimum wage to $100? Minimum wage is an arbitrary number that will price out unskilled labor, and especially against the poor and youth.

If minimum wage goes past a certain point the service industry will invest in automation, and the unemployment roles will grow by leaps and bounds.
Heck, why not raise it to a billion an hour? I stopped reading your post after that statement.
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Old 03-28-2014, 11:31 AM
 
1,825 posts, read 1,212,261 times
Reputation: 539
Quote:
Originally Posted by HappyTexan View Post
Deflation is usually a boon to people not in debt and have cash to spend.
Not so with the Fed controlling interest rates my friend.

We have not had true deflation because with true deflation cash is king.
And that didn't happen this go round did it ?

Savers suffered just as much, if not more by the Fed's meddling in the economy.
2009-2010 was a boon to people with cash on their hands. Are you joking, my family has a real estate holding and operating business and we all went on a spending spree, so did other similarly situated folks I knew, one person I knew got some great deals on beach houses. It was good times if you had cash.
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Old 03-28-2014, 11:32 AM
 
Location: NJ
18,677 posts, read 17,075,025 times
Reputation: 7282
Quote:
Originally Posted by urbanlife78 View Post
A 25 cent raise? That is quite the junky raise you are getting. And yes, your description is called normal fluctuations of employment.

.25 raise for a 7.25 job = 3.3% raise, above US % overall.
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Old 03-28-2014, 11:32 AM
 
Location: South Bay
1,404 posts, read 867,969 times
Reputation: 525
Quote:
Originally Posted by HappyTexan View Post

Savers suffered just as much, if not more by the Fed's meddling in the economy.
Savers suffered the most this go around. The FED has always rewarded savers in the past, but this time the very people who bailed out the banks are also being crushed by their policies. They keep interest rates artificially low, creating cheap money. The banks take that cheap money, and rather than loan it to main street, they invest it in Wall Street.

It's all a scam based on greed.
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