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Old 03-27-2014, 08:49 AM
 
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By 2017 $10.10 will be worth less than $8.70 today. The biggest problem is that the minimum wage in real dollars has been falling for decades.
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Old 03-27-2014, 08:51 AM
 
Location: Portland, Oregon
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That is awesome, hopefully more states will follow. I imagine Washington and Oregon will be the next states to do something like this.
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Old 03-27-2014, 08:56 AM
 
Location: Out West
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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.
And the price of all of their goods, and their taxes will go up, just as it has every other time they raise the minimum wage...which leaves those on minimum wage exactly where they already were.

And then we lose even more jobs.

Yes, what a win.
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Old 03-27-2014, 08:58 AM
 
Location: Portland, Oregon
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Originally Posted by Three Wolves In Snow View Post
And the price of all of their goods, and their taxes will go up, just as it has every other time they raise the minimum wage...which leaves those on minimum wage exactly where they already were.

And then we lose even more jobs.

Yes, what a win.
Then how do you explain when those things go up even though minimum wage didn't go up? You are assuming minimum wage is somehow tied to the increase of goods and taxes, there are other factors that have a much greater effect.
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Old 03-27-2014, 08:59 AM
 
14,298 posts, read 8,118,051 times
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Originally Posted by All American NYC View Post
By 2017 $10.10 will be worth less than $8.70 today. The biggest problem is that the minimum wage in real dollars has been falling for decades.
How is a person supposed to raise a family on $10 an hour?
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Old 03-27-2014, 09:01 AM
 
Location: Great State of Texas
86,093 posts, read 72,556,082 times
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Quote:
Originally Posted by urbanlife78 View Post
Then how do you explain when those things go up even though minimum wage didn't go up? You are assuming minimum wage is somehow tied to the increase of goods and taxes, there are other factors that have a much greater effect.
But it does factor in. You cannot say it has no effect on prices.
And most low wage workers make above min wage anyway.
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Old 03-27-2014, 09:01 AM
 
24,081 posts, read 11,960,336 times
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Originally Posted by OICU812 View Post
How is a person supposed to raise a family on $10 an hour?
Anybody making $10 an hour better be single or a spouse that works and have the village raise the child.
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Old 03-27-2014, 09:02 AM
 
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Originally Posted by OICU812 View Post
How is a person supposed to raise a family on $10 an hour?
Maybe in the 1950's it would have took one person to work in a household, but ever since we went off the Gold standard we've experience massive inflation.
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Old 03-27-2014, 09:04 AM
 
Location: Portland, Oregon
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Originally Posted by HappyTexan View Post
But it does factor in. You cannot say it has no effect on prices.
And most low wage workers make above min wage anyway.
If most low wage workers make above minimum wage now, then it would have little effect on prices.
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Old 03-27-2014, 09:04 AM
 
Location: USA
6,226 posts, read 5,368,002 times
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Quote:
Originally Posted by OICU812 View Post
How is a person supposed to raise a family on $10 an hour?

You don't. You hold off until you can gain the skills required to command a higher wage. Not sure why so many think they're entitled to try to start a family when they cannot pay for it.
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