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Originally posted by GradyPhilpott
[Student aid programs are alive and well.
Originally posted by dawnstar....but it's not really acting in the best interest of society, or themselves really....since we all pay for those cheap hamburgers anyways, through our social service programs.
Originally posted by Toadmund
And like mentioned above, if people now earning minimum wage suddenly had more disposable income, more people would eat at McD's.
Which would in effect, make the extra cost for the meal MOOT, but then again, because McD's is now having more customers, they could easily absorb the extra labour costs, relying on volume sales instead of increased product prices.
As of now, people earning the minimum can pay their bills (barely) and don't spend a lot of time at McDonalds.
The economy needs people that have money, not people who need more money.
Originally posted by donwhite
A minimum wage is not a printing press. ....The government is in charge of printing money. The current theory is governments can add - print - money without adverse economic effects ....
...Why? I offer it is because the increase in the minimum wage is merely a redistribution of wealth and not a dilution of wealth or an increase in the money supply.
posted by Toadmund
The increase in the minimum wage is a redistribution of wealth and is neither a dilution of a nation’s wealth nor an increase in the money supply.
What if we reduced some wages, because we all know some people make ridiculous amounts of money, and raised the minimum, it would take nothing out of the system, some services would actually be cheaper (like lawyers), It would make people more equal, more people would contribute to the economy . . Politicians lack vision and guts, they would not dare to cap wages, but they have a problem with raising sub-standard wages to a livable wage. People work hard, and they should be paid accordingly. [Edited by Don W]
"Any raise would be appreciated by those who are in jobs that pay the minimum wage. We’d hear the same argument we hear every time - it will cost jobs! That has never been true.
by Dawnstar: " .......wonder how many shirts wal mart sells in a day.....?"
REPLY: Wal Mart profits only 3 1/2 to 4 cents on each dollar they invest, so you should figure that into your calculations.
"....and, as far as it giving people the incentive to learn/train to be in another feild of work, this might by true, but if we all acted on that impulse, well, who would be selling your shirts to you?
REPLY: Better paid salespersons/assistants?
We also pay for increased crime due to the fact that poor people are usually desperate enough to steal from you or from business or to sell dangerous drugs in your neighborhood.
REPLY: People are poor because they lack the drive to become more educated in any given field/endeavor. People sell drugs because they're lazy, have no sense of self esteem or self worth, and care little for those who care for them. The illegal drug profit margin-to-risk is quite low, which gives an indication of their inteligence in the first place.
One must also remember we PAY people to stay poor. Getting rid of Welfare, WIC, etc, would be a good start.
The best way for companies to provide better wages, and to help the country/economy/people in every aspect, is the "fair Tax".
[edit on 24-7-2006 by zappafan1]
Originally posted by Spades
Exxon makes 12 billion dollars profit in 3 months, so what does Bush do? He gives 9billion dollars of Tax Payer money to Exxon.
Exxon makes 12 billion dollars profit in 3 months...."