Re: Green New Deal
Posted: Mon Apr 01, 2019 1:08 pm
I’d ask if you had a point, but I’d rather just save my pastry-argument energy for the donuts thread.
Yes it is. Raising the minimum wage to combat higher prices is not the answer. The middle class gets fucked in that scenario, they aren't raising the salaries of middle income people but when you have to pay minimum wage quality employees more it will raise the prices of goods and services.
So, you are worried about raising the minimum by 90%....using perceived higher prices as a point.TDub wrote: ↑Mon Apr 01, 2019 2:46 pmYes it is. Raising the minimum wage to combat higher prices is not the answer. The middle class gets fucked in that scenario, they aren't raising the salaries of middle income people but when you have to pay minimum wage quality employees more it will raise the prices of goods and services.
I'm not that old. When I started working minimum wage was something like 3.85/hr. Now 25 years later were saying it needs to be 15?!?! Thats worrisome. Throwing more money at the minimum wage employee is not addressing the underlying issue but is contributing to the cause of inflation.
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A question: If the minimum wage is $7.50, and a croissant costs $7, then how much does the croissant cost if the minimum wage is $15?
Are you worried about blowing up Saturn? 'Cause that's going to be a lot worse.jeepinjayhawk wrote: ↑Mon Apr 01, 2019 2:52 pmSo, you are worried about raising the minimum by 90%....using perceived higher prices as a point.TDub wrote: ↑Mon Apr 01, 2019 2:46 pmYes it is. Raising the minimum wage to combat higher prices is not the answer. The middle class gets fucked in that scenario, they aren't raising the salaries of middle income people but when you have to pay minimum wage quality employees more it will raise the prices of goods and services.
I'm not that old. When I started working minimum wage was something like 3.85/hr. Now 25 years later were saying it needs to be 15?!?! Thats worrisome. Throwing more money at the minimum wage employee is not addressing the underlying issue but is contributing to the cause of inflation.
Are you worried about sealing of borders and adding to the price of goods in the form of tariffs affecting prices of goods? "Cause that is going to be a lot worse.
I can't remember what minimum wage was when i was in college in the 70s, but what I do remember is that I could afford rent on a small apartment, gas, buy groceries, pay utilities, enjoy a movie a couple times a month or drink some beer, and pay for my full tuition at the university. now, forty plus years later, $15/hr doesn't even come close to covering all of that.TDub wrote: ↑Mon Apr 01, 2019 2:46 pmYes it is. Raising the minimum wage to combat higher prices is not the answer. The middle class gets fucked in that scenario, they aren't raising the salaries of middle income people but when you have to pay minimum wage quality employees more it will raise the prices of goods and services.
I'm not that old. When I started working minimum wage was something like 3.85/hr. Now 25 years later were saying it needs to be 15?!?! Thats worrisome. Throwing more money at the minimum wage employee is not addressing the underlying issue but is contributing to the cause of inflation.