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Why not! Yeah, let's put the minimum wage at $20/hour..a fair price for the burger flipper, grocery baggers and dishwashers.
They don't get it do they.
Raise it to $100 an hour. It does not matter, because everything would jump so a $100 would be no different than $8 today. Then you would want it to raise again.
Do you know why a loaf of bread is no longer a nickle?
Because the worlds monetary base did a 3.3333X over the last decade, with the printed money going through the US economy, and we need to up the minimum wage just to keep up with inflation.
Silly goose, 0bama is president, so there isn't any inflation, now go back to watching Glenn Beck.
Where do you get your information? Look at places where minimum wage is highest. Are a bunch businesses closing? No. Economies do not suffer when more money is the hands of middle to lower class Economies suffer when most of the money is the upper class where is less is spent on businesses like it is now. Businesses do not need to close since the extra money they and other businesses pay will just come back to them.
Give a poor person $100 extra and it gets spent. Give a rich person $100 extra and he/she mint have more money at the end of the year than he started. He/she mint invest the money rather than spend it. This is not all that bad but the economy isn't having enough money being spent.
Ford figured out that you have to pay your workers enough to buy your products. If you don't you get what we have going now.
Silly goose, 0bama is president, so there isn't any inflation, now go back to watching Glenn Beck.
3X on monetary base should ought'a get you 3X on the price of everything. Give or take a bit. We didn't print the money it was printed by foreign central banks that then bought US debt with it so that they could could artificially lower the exchange rates and export more stuff to the US. This happened over about 10 years.
Raise it to $100 an hour. It does not matter, because everything would jump so a $100 would be no different than $8 today. Then you would want it to raise again.
Do you know why a loaf of bread is no longer a nickle?
It is not because of supply and demand.
Actauly you have it not quite right, for a small bump you are correct. If you bumped the minimum wage up to $100/hr you would just about make all hourly wage earners make the same wage. So the prices should go up by the average amount of the bump. Those near the new top would not contribute to the rising prices as much as those near the bottom do. The price of getting your plumbing fixed would not go up as much as something bought at Wal-Mart would. Now if you also put a high top tax rate in place we could bring the bottom and the top closer together and that would be really good for the economy. We would inflate the bottom but not the top.
When you fix the fed and the printing presses then you can remove the min wage.
We can't have free market being that the FED doesn't let the free markets work and bailout companies.
Once government (congress) does its job and balances a budget and puts the central banking power in the hands of the treasury dept, the banking institutions will rule us and keep us forever in debt.
Actauly you have it not quite right, for a small bump you are correct. If you bumped the minimum wage up to $100/hr you would just about make all hourly wage earners make the same wage. So the prices should go up by the average amount of the bump. Those near the new top would not contribute to the rising prices as much as those near the bottom do. The price of getting your plumbing fixed would not go up as much as something bought at Wal-Mart would. Now if you also put a high top tax rate in place we could bring the bottom and the top closer together and that would be really good for the economy. We would inflate the bottom but not the top.
What about those who living on fixed incomes or off savings?
Any thought given as to how they will manage after you have artificially inflated everything?
When you fix the fed and the printing presses then you can remove the min wage.
We can't have free market being that the FED doesn't let the free markets work and bailout companies.
Once government (congress) does its job and balances a budget and puts the central banking power in the hands of the treasury dept, the banking institutions will rule us and keep us forever in debt.
From where we are now we can’t balance the budget without defaulting on our national debt, without a big increase in GDP we need an increase in GDP of something like 200% in order to balance the budget. Freeze spending the up the minimum wage by 4X, this will get you a balanced budget.
Quote:
Originally Posted by Frank DeForrest
What about those who living on fixed incomes or off savings?
Any thought given as to how they will manage after you have artificially inflated everything?
Most of the savings for retirement is in the stock market. The stocks should go up with inflation (what we are seeing now). SSI is indexed for inflation. We are having inflation now. I’m talking about upping minimum wage to keep up with it. The artificial inflation as you put it was done when the worlds monetary base went up by (3 1/3) X this is causing inflation and is going to keep doing it for a while. We need to pull $7 trillion out of circulation or live with the inflation.
What about those who living on fixed incomes or off savings?
Any thought given as to how they will manage after you have artificially inflated everything?
Good point. Most pensions are fixed.
Currently 35% of our national income is from governments, either SS, govt Pensions, welfare etc. Those would all need to increase also causing more problems.
Most of the savings for retirement is in the stock market. The stocks should go up with inflation (what we are seeing now). SSI is indexed for inflation. We are having inflation now.
Where do you get that information? Just look at Cal Pers one of the largest pensions, 40% is in fixed income.
Look at the 70's our highest inflationary period, the stock market was down from 1968-1982.
If we are having inflation why have they not increased Social Security in 2 years?
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