posted on Feb, 24 2017 @ 07:05 PM
a reply to: MOMof3
I don't give a damn who creates it, Americans need more money just like rich people do.
No, they don't. That's the whole problem.
You can't eat money, drink money, drive money, build with money, or literally do anything with money. It's not the money people need; it's the things
one can buy with money. If a meal costs $20 and I make $10/hr., it costs me two hours of work to eat that meal. If the meal costs me $10 and I make
$5/hr., it still costs me two hours of work to eat it. No difference. But the reality is that if my wages go from $5 to $10 an hour, a meal will
typically go from $10 to $25, meaning that $10 won't go as far as the $5 went. So I need $12.50/hr. to balance things out, and the meal goes to $35.
Now I need $17.50/hr., all I can get is $15/hr., and the meal goes to $45. Now it costs me three hours of work to eat that meal. More money, but less
buying power. Where the restaurant was making $2 profit off my meal, now it's making $10. I have less; business has more.
So what do I do about it? I go eat at a smaller restaurant, where I can get my meal for $30, two hours of work. In doing so, I get less food, cheaper
food, and a lot less service. The restaurant I used to go to isn't getting as many customers, so they don't need as many employees. They lay off 10
people. Now I'm eating less, paying the same cost in terms of hours worked, and 10 people are going hungry. The restaurant owner is doing as good as
ever, since his profit margin went so high. He doesn't need to sell as many meals.
More money is the problem, not the solution. We need more buying power. You can't get that by making more money... you get it through a strong
economy. $1000/hr. sucks when a loaf of cheap bread costs $250. $1/hr. is awesome when that loaf of bread costs 5 cents.