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What does that have to do with anything. The fact is... let's say that a minimum wage earner now makes 250.00 more per week. How much of that 250.00 will he get to keep that benefits him to help bring him up and out of poverty. How much buying power will he receive? My guess is little to no benefit. He'll still be spending the same percentage of his income, no?
It has to do with prices following increase in MW; I do not expect much cost impact personally. Rent increases following MW increase more likely due to landlord greed than to cost pressures.
You pay as much as someone would pay to live in one of the more walkable US cities. You also pay more for a room than it would cost to rent a house in Missouri.
Oh, and my previous neighborhood had a convenience store 1/3 mile away, a bar across from the convenience store, a corner market and taqueria three blocks further, another corner market and a laundromat six blocks past that, and nothing commercial for another half mile.
OMG my neighborhood is NOT walkable. I do have one ripoff corner market two blocks away (at which I have never shopped), a convenience store 3/5 mile away, a gas station across the street from the convenience store, tire store nearby, and nothing else commercial for two miles. There is a bus line (ends weekdays 8 pm, does not run on Sunday) and a different bus line at the convenience store/gas station intersection.
You call that walkable?
No, I call Chicago walkable. You pay $500/month and have 3 other roommates. For that price you can live in Chicago.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,146,413 times
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Quote:
Originally Posted by freemkt
It has to do with prices following increase in MW; I do not expect much cost impact personally. Rent increases following MW increase more likely due to landlord greed than to cost pressures.
You don't buy food, or clothing? Personal Hygiene Items? Fuel for a car? You do not expect to have any personal impact because you buy nothing?????
You don't buy food, or clothing? Personal Hygiene Items? Fuel for a car? You do not expect to have any personal impact because you buy nothing?????
Sure, but most of the stuff I buy comes from a better-paid workforce e.g. oil workers are usually paid well above minimum wage, so if gas prices necessarily skyrocket, I won't blame minimum wage.
It has to do with prices following increase in MW; I do not expect much cost impact personally. Rent increases following MW increase more likely due to landlord greed than to cost pressures.
Landlord greed...lol. Why do you think everything is a charity? Money doesn't just come off some magic tree to pay for the building/mortgage, upkeep, insurance, taxes, ect. If you have enough demand for your business/property, then the price of that will be more.
Landlord greed...lol. Why do you think everything is a charity? Money doesn't just come off some magic tree to pay for the building/mortgage, upkeep, insurance, taxes, ect. If you have enough demand for your business/property, then the price of that will be more.
Do you realize that if it were an off-the-shelf product, competition would restrain greed?
That is, people would still make profits doing it without the windfall any landlords enjoy today.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,146,413 times
Reputation: 2677
Quote:
Originally Posted by freemkt
Sure, but most of the stuff I buy comes from a better-paid workforce e.g. oil workers are usually paid well above minimum wage, so if gas prices necessarily skyrocket, I won't blame minimum wage.
That right there is the problem. You see any adjustment to the minimum wage only how it will affect you. You fail to see the larger picture. Have you never heard of Newton's Third Law: For every action, there is an equal and opposite reaction. I can say this with ease, because we are the oil/gas workers you talk about. I can tell you unequivocally, that we will be affected as much if not more than you. Every single aspect of our jobs hinge on others. Supplier's, the general buying population, down to a single solitary laborer on one of our jobs. We have to purchase oil and gas just like you do... they don't give it to us for free! So my buying power will go down, and thusly, it'll be hard to justify the expenses of the job. We pay our own travel expenses! And honestly... if it comes down to that... the gas companies will just raise the amount paid to the supervisor's, foremen and other key personnel and hire one less laborer... I guarantee it. While it's harder to do the work with one less laborer it's impossible to do the job at all without those with the knowledge of how to get it done, so they will in turn get raises too. Oh... so guess what... yep... there goes your gas prices......
Do you realize that if it were an off-the-shelf product, competition would restrain greed?
That is, people would still make profits doing it without the windfall any landlords enjoy today.
Landlords always have competition...how much more competition could they have?
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