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.
I don't know what happened with small businesses at that time b/c I didn't work for one, didn't own one and wasn't involved in politics. As such, the next year, I ignorantly voted for Obama.
That's a non sequitur. There's no indication whatsoever that devalued debt and increased asset values will result in increased employment.
Follow the money. We have a very high debt load. Reduce that debt load by wage inflation (driven by the minimum wage law not loaning out too much money) means we have a lot of unleveraged income. That income can be spent, and it can be loaned against. Spending more money means people have to get paid to handle that money. That getting paid bit is more employment. Asset values going up is the result of people buying and selling assets.
Quote:
Originally Posted by andrea3821
Someone should remind this guy of Zimbabwe.
That is where we are headed unless we change directions.
Slave wages is American Dream and everything else is communism? Who is saying everyone should make same? This mindset that make 99% population poor and bankrupt so that 1% can benefit has destroyed this country.
I don't know what happened with small businesses at that time b/c I didn't work for one, didn't own one and wasn't involved in politics. As such, the next year, I ignorantly voted for Obama.
What happened is nothing major happened, just like every time the minimum wage has been raised in the past. Sort of like all the proclamations that there would be mass layoffs if Obama won reelection. Empty blustering and poutrage.
What happened is nothing major happened, just like every time the minimum wage has been raised in the past. Sort of like all the proclamations that there would be mass layoffs if Obama won reelection. Empty blustering and poutrage.
Exactly history has proven again and again that when there is a min wage increase there is no great spike in unemployment or prices go up a bunch. The rich and business owners are against it to protect there greed and will make every excuse why it is bad without evidence to back it up.
Again with the excuses. There's something called student loans, and something else called business loans for people who need capital to start a business.
Maybe your problem is that you're not very informed on how the world works so you don't know what opportunities there are for you to take advantage of. In that case, you probably shouldn't even be voting.
Student loans great put more people in debt for jobs that may or may not be there in the future. Many college students can not find a job in their field why would you want to put more people to compete for those jobs? If all these businesses open up how are they all gonna succeed with so much competition?
Student loans great put more people in debt for jobs that may or may not be there in the future. Many college students can not find a job in their field why would you want to put more people to compete for those jobs? If all these businesses open up how are they all gonna succeed with so much competition?
There only needs enough business to open up to get everyone employed...
I don't know what happened with small businesses at that time b/c I didn't work for one, didn't own one and wasn't involved in politics. As such, the next year, I ignorantly voted for Obama.
So even now if there is a slight increase in minimum wage, businesses will not close. Greed spreads such rumour mongering that communism will come and soviet tanks will line everyone into Gulags once poverty/slave wages are increased. The answer to whole discussion is greed. Pople at top want to have millions of people into abject poverty-thats why they brainwash public that disaster will happen once slave wages are improved. Last time minimum wage was increased in 2007, I dont think that all Fast Food /small businesses collpased and this time also nothing will happen. this mentality that we can put millions under poverty so that one guy can buy an extra yacht or island is precisely what has brought US economy into doldrums.
Follow the money. We have a very high debt load. Reduce that debt load by wage inflation (driven by the minimum wage law not loaning out too much money) means we have a lot of unleveraged income. That income can be spent, and it can be loaned against. Spending more money means people have to get paid to handle that money. That getting paid bit is more employment. Asset values going up is the result of people buying and selling assets.
That is where we are headed unless we change directions.
We have a bloated Defense budget. Bush/Cheney useless wars along with tax cuts for super rich have brought huge debt on our country.
Follow the money. We have a very high debt load. Reduce that debt load by wage inflation (driven by the minimum wage law not loaning out too much money) means we have a lot of unleveraged income. That income can be spent, and it can be loaned against. Spending more money
That income would also buy a lot less. Ask Zimbabwe or Weimar Germany how inflation worked out for them.
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.
