Poll: Most People Want County's Minimum Wage at $15.25 (houses, income)

[bpeeps]

Originally Posted by MordinSolus

Because people are stupid and Americans routinely vote against their self-interest. We have a representative democracy for a reason. We're supposed to elect people that are smarter than us to vote in ways that benefit us and the greater good of the nation.

Yup. I'm continuously surprised at the amount of people who don't know we operate as a republic and not a full fledged democracy.

[Big-Bucks]

Originally Posted by disgruntled la native

Sounds great. I look forward to $10 big macs and $15 subway foot longs. Forcing the minimum wage up will only lead to inflation.

Yes. Anyone with an economics degree will say the same thing. More businesses will close.
In fact when I heard about this raising of the minimum wage for fast food workers I started learning how to cook.

Does this minimum wage thing apply to food trucks too? You know what will happen is people who have family operated food trucks will flourish! Brick and mortar businesses will close.

And yes, inflation. Basic econimics.

[disgruntled la native]

Originally Posted by Big-Bucks

Yes. Anyone with an economics degree will say the same thing. More businesses will close.
In fact when I heard about this raising of the minimum wage for fast food workers I started learning how to cook.

Does this minimum wage thing apply to food trucks too? You know what will happen is people who have family operated food trucks will flourish! Brick and mortar businesses will close.

And yes, inflation. Basic econimics.

Food trucks are already about $12-15 for a tiny morsel. Next thing you know they'll have caviar prices for a banh mi

[mysticaltyger]

Originally Posted by Exitus Acta Probat

Poll: Most People Want County's Minimum Wage at $15.25 | Brentwood, CA Patch

Why stop at $15.25? Let's make it $50 and hour, and with all the other entitlements many people in transitional jobs get (thanks to the tax paying middle class), let's see just how much more quickly the middle income tax base leaves, so we'll have a two tier economic system consisting of peasants at the bottom and Bolsheviks at the top.

Welcome to the post-American America, not your grandfather's America.

The thing people in most high cost areas get wrong is they don't make the connection between restrictive land use laws and the high cost of real estate and overall cost of living. The restrictive land use policies are what are actually driving the high cost of living. People making the minimum wage, whatever it is, are still going to be at the bottom of the economic ladder. When housing is scarce, the people at the bottom are still going to be outbid for housing. So all raising the minimum wage does is benefit a few people at the expense of many others who get their hours cut or have their jobs automated away. Where this can't be done, the cost of goods & services goes up instead.

People want quick, easy, feel good solutions. They don't think about how many different things are related.

[mysticaltyger]

Originally Posted by Tulemutt

Well, you can start by increasing the minimum wage. Legal. And moral.

But that's just it. Those 85 people have engineered the system so that such things never come out of their pockets. Alternatively, sometimes regulations such as this put people lower down on the economic ladder out of business, limiting competition, allowing the top 85 folks to benefit.

[Tulemutt]

Well, I see a number of you respondents apparently either weren't interested to read the little commentary link I posted on the Ayn Rand myths finally falling out of favor with even the conservative right - or managed to not understand the points made. Particularly where even conservative politicians and economists are now aware of the total bull puckey of the Randian lunacies you are slinging around on this thread.

So I'll repost the link:
http://www.latimes.com/business/hilt...track=lat-pick

And no, I am not advancing a liberal agenda here. I repeat: even conservatives who formerly championed a Rand-like view are speaking against that crap now.

Increasing the minimum wage has been debunked thoroughly as any significant stimulus to inflation - or as putting any businesses out of business. Proven. And yeah, all kinds of economists, left to right, concur.

Some of you need to get your heads out of your underpants.

[Tulemutt]

Originally Posted by mysticaltyger

But that's just it. Those 85 people have engineered the system so that such things never come out of their pockets. Alternatively, sometimes regulations such as this put people lower down on the economic ladder out of business, limiting competition, allowing the top 85 folks to benefit.

It's true, tyger, that the system has been brilliantly built and protected by an oligarchical elite who never suffer any meaningful losses.

It's false, however, that increasing income at the lower stratas puts the middle at risk. The more lower incomes increase, the more the middle thrives.

[PDF]

Originally Posted by Big-Bucks

Yes. Anyone with an economics degree will say the same thing. More businesses will close.
In fact when I heard about this raising of the minimum wage for fast food workers I started learning how to cook.

Does this minimum wage thing apply to food trucks too? You know what will happen is people who have family operated food trucks will flourish! Brick and mortar businesses will close.

And yes, inflation. Basic econimics.

Except the economics is wrong in this case, as has already been stated and proven many times in this thread.

[Exitus Acta Probat]

Sorry to interrupt all the fighting, but...

Question: Has the name Thomas Robert Malthus come up in this thread yet?

[Tulemutt]

What about him? Your point in asking?