Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
But won't the money they save just come out of the pockets of working stiffs who have to pay higher prices to compensate for these salary raises?
not really, again economies arent a 1-1...theres a lot of different things going on here, including increased spending by the poor which drives business demand, etc. And....working stiffs? You're arguing about people who ARE working, not people who are unemployed.....
The Economic Policy Institute, a think tank focused on labor issues found that if the minimum wage were increased from its current level of $7.25 per hour to $10.10, as proposed by the Fair Minimum Wage Act of 2014, more than 1.7 million Americans would no longer have to rely on public assistance programs. This would produce $7.6 billion per year or more in savings for the federal government, according to the study.
yeah, this assumes that businesses will maintain the same level of employment. the fact is that such a jump in the minimum wage would result in lost jobs, and that would offset any saving the government would get by increasing the minimum wage.
you have to remember that our economy is dynamic, not static, thus using static models is rubbish.
yeah, this assumes that businesses will maintain the same level of employment. the fact is that such a jump in the minimum wage would result in lost jobs, and that would offset any saving the government would get by increasing the minimum wage.
you have to remember that our economy is dynamic, not static, thus using static models is rubbish.
OMG that must be why states with a higher minimum wage are gaining jobs faster.....
Oh wait...the facts indicate the OPPOSITE of what you just stated.
not really, again economies arent a 1-1...theres a lot of different things going on here, including increased spending by the poor which drives business demand, etc. And....working stiffs? You're arguing about people who ARE working, not people who are unemployed.....
Increased spending by the poor = higher demand for goods. Couple that with higher cost of production and what is the logical outcome? Higher prices, just like what has happened every single time minimum wage has been raised.
Seriously, do you really hate the working poor so much that you enjoy torturing them with false hope?
Increased spending by the poor = higher demand for goods. Couple that with higher cost of production and what is the logical outcome? Higher prices, just like what has happened every single time minimum wage has been raised.
Seriously, do you really hate the working poor so much that you enjoy torturing them with false hope?
Sure, pull up a graph of inflation along with minimum wage increases and point out where they happened.
I keep asking people who say this to do it and...wow...so far my requests have been met with silence. I wonder why hmmmm?
There you go...the neo-con agenda: Allowing private companies to keep their profits while socializing the liabilities.
There is no liability in paying someone an agreed upon wage for performing agreed upon labor. Get a dictionary and look up the word "liability".
It's amazing that you consider it an "agenda" to allow people to keep the money they earn. Maybe you'd be happier in North Korea than in one of the Western nations. Clue for you: protection of private property is not an "agenda", it is one of the founding principles of a free society. Go read the constitution.
Quote:
And they call us liberals "socialists."
What an inane comment. So now you're going to claim that the owners and presidents of private businesses are socialists? Do have any idea how utterly stupid that sounds?
There is no liability in paying someone an agreed upon wage for performing agreed upon labor. Get a dictionary and look up the word "liability".
It's amazing that you consider it an "agenda" to allow people to keep the money they earn. Maybe you'd be happier in North Korea than in one of the Western nations.
What an inane comment. So now you're going to claim that the owners and presidents of private businesses are socialists? Do have any idea how utterly stupid that sounds?
I think he was referring to the part where we as a country make up for substandard wages by paying for medical, food stamps, and housing to subsidize the businesses low pay.
I didn't work my entire life furthering my skills, moving to different states, scrimping and saving just to have the fruits of my hard work taken by a tattooed, pierced, unwashed, can't-figure-out-how-to-practice-safe-sex, too lazy to get an education, unwilling to get the skills necessary to get a better job minimum wage employee.
How DARE you decide that I can afford to pay "a bit more". You seem to conveniently overlook the fact that 99% of young fast food employees manage to "afford" a plethora of tattoos. At the expense of groceries and gas for their families.
And how DARE you impose your housing standards on low-wage workers when you absolutely don't care whether they can even afford your housing standards.
Unless you have chosen to decide they can afford your housing standards, which is even worse.
OMG that must be why states with a higher minimum wage are gaining jobs faster.....
Oh wait...the facts indicate the OPPOSITE of what you just stated.
first off those states had higher minimum wage laws for years, second they are gaining jobs all right, minimum wage jobs. what i am talking about is states that use the FEDERAL minimum wage guidelines, suddenly jumping up to $10 or more per hour. and by the way, forcing the minimum wage up by $3 per hour will also negatively affect states like california that have their own minimum wage laws, because those laws are tied to the federal law.
Increased spending by the poor = higher demand for goods. Couple that with higher cost of production and what is the logical outcome? Higher prices, just like what has happened every single time minimum wage has been raised.
Seriously, do you really hate the working poor so much that you enjoy torturing them with false hope?
??? since the non-poor spend far more than the poor, demand for goods is more driven by the non-poor than by the poor.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
