Off-topic for this forum

[tijlover]

Interesting, that no one starts a thread entitled: Why The Maximum Wage Should Be Decreased!

I work as a Nursing Assistant, earning $13.38 an hour, after 12 years of working at my facility, and $140 a month is taken out for health insurance. Sure glad I have a part-time job so I can afford to work there!

Even at $15 an hour, I won't be able to give up my part-time job!

[jerseygal4u]

I think the OP is saying if minimum wage goes up,so should everyone else.

For ex,worker at Mcikey D's wages are now $15/hr because min wage increased to that amount...meanwhile,my wage as a nurse stays $18.00/hr.

How in the hoot is that fair?

[Henry10]

What right do you have to mandate a price in someone else's private contract? Can someone point that in our Constitution?

[Richard Martin]

Originally Posted by nep321

Your fact pattern is one dimensional. Since 1977, wages have not kept up with inflation, and as a result, purchasing power decreased.

This is because of an ever expanding monetary base. Stop printing money (and increasing the supply vs. demand) and inflation would stop. Credit is money and there is more credit available than this nation could hope to use. There is so much credit available that banks are borrowing massive sums of money just to park at the Fed over night and earn 0.25% on it.

All Sectors; Credit Market Instruments; Liability, Level (TCMDO) - FRED - St. Louis Fed

Interest on Excess Reserves and Cash “Parked” at the Fed - Liberty Street Economics

[7G9C4J2]

Closed - off-topic for the Work & Employment forum. Recommend you discuss this either in Economics or in Politics & Other Controversies.