BULLDOG
Diamond Member
- Jun 3, 2014
- 94,072
- 30,395
- 2,250
A human in today's modern society will purchase or make use of 200 or more products. From food to toothpaste.Um yeah they do. Something at McDonald's may go up 10 cents while a person making $1.50 more an hour can afford to buy a lot more on the menu at a time.Pennies add up, economics 101Why would they still be poor? If the minimum wage was increased to 10.10, the price increase on goods would be pennies on the dollar. Not only that, but the boost to consumer spending would keep prices down.They would still be poor and the food stamp limit would have to be raised Ass hatOh and had Obama been successful in raising the minimum wage, far less people would be eligible for food stamps. You didn't know that did you?
If you add that 10 cents to each item, you come up with an increase of 20 dollars. That means if you raise the minimum wage to 10 dollars per hour, an increase of $2.75, the poor person is losing $17.25. This assumes that just each item add only 10 cents to cover the increase in wage.
So much for your vaunted compassion and living wage.
You realize that person would have to buy each and every item each and every hour .......for your math to work don't you?