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Originally posted by MDDoxs
Wowzer, I did not even realize minimum wage in the US was only $7.25/hr!! Is that nation wide or does it vary from state to state as it does up here in Canada. We are currently sitting at 10.25/hr in Ontario Canada.
How can you expect to survive on that, even though i know many manage it.
Job cuts would be the result of an increased minimum wage I think.
where are the wonderful things from the last raises in Min. Wage
Ya, thats the Cause of Inflation.
Originally posted by camaro68ss
Minimum wage argument is a joke. You do realize that when the minimum wage is raised, it raises the cost of goods to be produced. That cost is then passed to the consumer creating inflation. Inflation then hits the market making all those peoples new increases in wage worthless.
Originally posted by Tw0Sides
Ya, thats the Cause of Inflation.
Originally posted by camaro68ss
Minimum wage argument is a joke. You do realize that when the minimum wage is raised, it raises the cost of goods to be produced. That cost is then passed to the consumer creating inflation. Inflation then hits the market making all those peoples new increases in wage worthless.
The Feds Printing Press running "red hot" has nothing to do with it.
So lets keep the Slave Wagers Starving.
Originally posted by Tw0Sides
I can say for a Fact, that Every Poster knows some close Family Member or friend who works for Min Wage.
Are these people to be Denied a Better Quality of Life?
Originally posted by jimmiec
reply to post by Tw0Sides
I totally agree. It is however unfortunate that raising the minimum wage will cause job loss and create more poor. The unintended consequences are truly unfortunate. There are other ways to go about raising the minimum wage without hurting business. A tarrif on imported goods that are undercutting the goods we produce would be a start. That would have to be given to the businesses instead of spent though. That would be a problem. I'm sure it would be lost in red tape.
Your entire reply was well thought out, but I choose to Center in on these quotes Lines.
Originally posted by camaro68ss
This is accomplished by making yourself so valuable to you employer, he is forced to pay you more by market principles. If my employer fails to see my value, you leave and join another team.
Originally posted by Tw0Sides
Your entire reply was well thought out, but I choose to Center in on these quotes Lines.
Originally posted by camaro68ss
This is accomplished by making yourself so valuable to you employer, he is forced to pay you more by market principles. If my employer fails to see my value, you leave and join another team.
I think I would be in Line saying the Majority of Min Jobs are in the Services Industries, mostly Foods and Retail.
With todays Unemployment Rates, Employers have no Incentives to Reward with Pay Increases, the Unemployment Pool is too deep, and Fear of rejoining the Unemployed Masses will keep workers quiet.
My comment here is a bit off topic, but in reply I've long been thinking now that legalization of drugs is probably the best way to defeat cartels
Originally posted by Tw0Sides
Your entire reply was well thought out, but I choose to Center in on these quotes Lines.
Originally posted by camaro68ss
This is accomplished by making yourself so valuable to you employer, he is forced to pay you more by market principles. If my employer fails to see my value, you leave and join another team.
I think I would be in Line saying the Majority of Min Jobs are in the Services Industries, mostly Foods and Retail.
With todays Unemployment Rates, Employers have no Incentives to Reward with Pay Increases, the Unemployment Pool is too deep, and Fear of rejoining the Unemployed Masses will keep workers quiet.
Most min wage jobs are in the service industry. You have to remember though, most of those companies have a very small profit margin and simply can't afford a large increase in wages.