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If it takes 15.00 an hour to have a "living" wage, well I really dont have an issue with that except that really all your doing is raising the cost to build a widget, or grow a widget to a point in which the 8.00 an hour becomes 15.00 an hour it seems to me
What is a living wage?
Here is the whole issue with wages. A very large portion of our economy comes from consumer spending. The lowest income earners spend the greatest percentage of their incomes on products and services. The ability for consumers to spend, meaning they have money to spend, is what drives our economy. As spending power decreases among the middle class and underclass, so goes the economy. Rich people do buy goods and services, but they don't buy nearly as much as the rest of us do. If the top ten percent are earning approximately 45% of income, and the other 90% is earning the other 55%, do you really think that the top 10% is putting that money all back into the economy?
Increasing the wages of the lowest income earners will just put all that money right back into the economy. Everyone benefits. Of course it isn't quite so simple as just giving everyone a raise. However, when we look at the amount that the top income earners have increased their incomes by, we must ask ourselves what are they using that money for? Are they putting it back into the economy? With American businesses sitting on over $2 trillion in cash, the obvious answer is no. If that money was in the pockets of American workers, it would all be put right back into the economy creating substantial growth.
I am not saying that this is the solution, but just explaining that is how things actually work. Making it so is another story. The other problem that we have is that the baby boomers have reduced their spending considerably just due to the fact that they have everything they need. So we now have reduced spending on two fronts, the wealthy baby boomers and the rest of the populace that is just struggling to get by. But on the other end, we have the wealthy who continue to gain wealth while the rest of the country takes it up the ass.
Then with all of this happening, we have people like Herman Cain telling us we need to drastically reduce taxes on the wealthy, those who are already increasing their wealth, while increasing taxes on everyone else, those who are already losing any wealthy they may have. It really makes sane people scratch their heads.
I am at present a manager on a project that is the expansion of a crude oil refining complex that my project is all but done
we pay
hole watch
fire watch
entry level trades men
etc... 10-11.00 an hour
we bump that up to 15.00 an hour, which I have no issue with, then my bare composite goes up from 17.5 to 20
1 million man hours increases the cost to Exxon by 4 million, BARE
Built up probably 5 million
every trade, every thing we buy from a ham-burger to a hammer to 1 gallon of gas will go up accordingly to cover hose cost
gas for example will not just stop with theses cost
everything we buy will go up accordingly. So have you really made a living wage? How do we compete with any country now? does Toyota and Honda, etc... keep building cars in the USA?
One other thing, the "rich" would not be getting a tax cut as much as they would be getting tax incentive to expand and to hire. It would take a "brief" to make sense of it but think about how much in corporate tax they pay now, income etc... and who would really pay the sales. no matter where you would hide your money you would pay tax on it
People with money are looking to invest, as long as BHO is in power there not
sales and corporate taxes would catch most as most are in some sort of business
that's the good to me of the idea, is that loop holes are gone but owning a business would be a win-win for that person
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