New Yorkers Shocked To Find Food Prices Rising After Minimum Wage Hike

[hadit]

Henry Ford did; coincidence or conspiracy?

unemployment compensation for simply being unemployed is equal protection of the law.

Could explain what you mean by this statement? Thanks.

I've been through this with him many times. He wants a guaranteed income because he doesn't want to work a job, so he makes up things he thinks sounds good to cloke it.

Capitalism; What is That, Sayeth the Right Wing.

an externality to You as long as every adult customer should be a potentially paying customer not a potential cost concern.

simply appeal to ignorance of your right wing bigotry.

So when do you start your new job that will make you a paying customer and a taxpayer?

i am applying for a position as a, "right wing fallacy detector".

IOW, you have no intention of becoming a paying customer and taxpayer unless somebody gives it to you for free.

 

[hadit]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

And prices rise to nullify any gains. Then the clueless (that's you) complain again that the MW is too low and the cycle starts again. Kind of like your posting pattern. You follow the same script every time.

 

[BuckToothMoron]

Since labor is only 20% of the price, doubling the labor costs only raises the price 20%. Try and remain calm. The number of people that can afford the cost more than makes up for it. Scumbag GOP propaganda has given us incredibly rich people, the worst inequality and upward mobility in our history. GOP voters are the stupidest voters in the world, thanks to the worst propaganda machine in our history..

I wish more people on both sides of the political spectrum would do open and honest research on wealth and income inequality. Although some political policies (like Trump’s recent tax break for corporations) can have an adverse effective, far and away the biggest culprit for the wealth gap is the Federal Reserve and it’s monetary policies which include QE and ZIRP.

Unfortunately, understanding this takes effort, and it is much easier to put on a lapel pin of your political party and blame the other side. Too many people FrancoHFW do the easy thing. I guess those people believe the brains only purpose is to fill the void between their ears.

Yeah another GOP conspiracy theory rather than just looking at the facts... Wake up and smell the coffee, flat tax systems are a giveaway to the rich corrupt GOP joke, brainwashed functional moron. And yes that is what we have now duh...

Let’s deal with the facts. Fact- I am not a member of the GOP, So unlike you, I don’t carry the water for a political party. Fact- the wealth gap began widening around 1980 when the fed started trying to manipulate markets and inflation. Fact- the correlation between the rate of wealth gap increasing and the political party in control in Washington does not support your narrative that it is a GOP issue. If you look at the chart below, you will see the steepest increases occurred during the Clinton and Obama presidencies. Fact- I don’t blame those increases on Clinton and Obama, I blame them on the Fed monetary policy.

 

[Blues Man]

"Prosperity Through Lower Wages!"

Whatever happened to people being responsible for their own prosperity?

1929.

Wrong again

Depression Before the Great Depression — rayharvey.org

 

[Blues Man]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

Yes, you are simply clueless and Causeless about economics.

we can raise the minimum wage to beat inflation.

Why am I suddenly thinking of pots and kettles?

 

[Oldstyle]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

Yes, you are simply clueless and Causeless about economics.

we can raise the minimum wage to beat inflation.

Do you even know what causes inflation? How does raising the price of ANYTHING "beat" inflation?

 

[Oldstyle]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

If labor that is paid more pays more in taxes and pays more for goods and services due to inflation...how are you creating demand? In order to create demand you have to increase disposable income. You haven't done that. You've increased inflation.

 

[hadit]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

If labor that is paid more pays more in taxes and pays more for goods and services due to inflation...how are you creating demand? In order to create demand you have to increase disposable income. You haven't done that. You've increased inflation.

He wants to spend a lot of money to generate a little money.

 

[danielpalos]

Most people have very little knowledge of business, economics, and finance. We do people a disservice by not teaching this in school. It should be mandatory.

There is NO FREE LUNCH. You raise the cost of doing business, and that business will have to make up that cost somewhere, and it is usually the price the consumer pays that increases. They other way is to fire people, and reduce your labor costs that way, so fewer people have to do MORE WORK.

Only capitalism has to circulate under Capitalism. Compensation for capitalism's natural rate of unemployment could solve that socio-economic dilemma.

 

[danielpalos]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

And prices rise to nullify any gains. Then the clueless (that's you) complain again that the MW is too low and the cycle starts again. Kind of like your posting pattern. You follow the same script every time.

only if you don't know anything about economics. price inflation for fuel would also have to happen for that to occur, not just raising the minimum wage.

 

[boedicca]

Does anyone see the unsustainability of this? How much pollution is caused by going out to eat? think of all the affordable housing we could create in closed restaurants......simply immoral to let this continue.

Indeed. Eating food is completely unsustainable. The Green New Deal should mandate the Beige New Foodstuff Product:

Soylent.com - Let us take a few things off your plate.

 

[francoHFW]

Since labor is only 20% of the price, doubling the labor costs only raises the price 20%. Try and remain calm. The number of people that can afford the cost more than makes up for it. Scumbag GOP propaganda has given us incredibly rich people, the worst inequality and upward mobility in our history. GOP voters are the stupidest voters in the world, thanks to the worst propaganda machine in our history..

I wish more people on both sides of the political spectrum would do open and honest research on wealth and income inequality. Although some political policies (like Trump’s recent tax break for corporations) can have an adverse effective, far and away the biggest culprit for the wealth gap is the Federal Reserve and it’s monetary policies which include QE and ZIRP.

Unfortunately, understanding this takes effort, and it is much easier to put on a lapel pin of your political party and blame the other side. Too many people FrancoHFW do the easy thing. I guess those people believe the brains only purpose is to fill the void between their ears.

Yeah another GOP conspiracy theory rather than just looking at the facts... Wake up and smell the coffee, flat tax systems are a giveaway to the rich corrupt GOP joke, brainwashed functional moron. And yes that is what we have now duh...

Let’s deal with the facts. Fact- I am not a member of the GOP, So unlike you, I don’t carry the water for a political party. Fact- the wealth gap began widening around 1980 when the fed started trying to manipulate markets and inflation. Fact- the correlation between the rate of wealth gap increasing and the political party in control in Washington does not support your narrative that it is a GOP issue. If you look at the chart below, you will see the steepest increases occurred during the Clinton and Obama presidencies. Fact- I don’t blame those increases on Clinton and Obama, I blame them on the Fed monetary policy.

View attachment 245835

Blah blah blah ideological garbage propaganda. We still have Reagan tax rates and it only gets worse and worse for the non rich. Clinton and Obama had very good economies so the inequality grew even more.

 

[danielpalos]

"Prosperity Through Lower Wages!"

Whatever happened to people being responsible for their own prosperity?

1929.

Wrong again

Depression Before the Great Depression — rayharvey.org

lol. FDR proved it after 1929.

 

[danielpalos]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

Yes, you are simply clueless and Causeless about economics.
we can raise the minimum wage to beat inflation.

Why am I suddenly thinking of pots and kettles?

beats coming up with a valid economic argument.

 

[francoHFW]

Since labor is only 20% of the price, doubling the labor costs only raises the price 20%. Try and remain calm. The number of people that can afford the cost more than makes up for it. Scumbag GOP propaganda has given us incredibly rich people, the worst inequality and upward mobility in our history. GOP voters are the stupidest voters in the world, thanks to the worst propaganda machine in our history..

I wish more people on both sides of the political spectrum would do open and honest research on wealth and income inequality. Although some political policies (like Trump’s recent tax break for corporations) can have an adverse effective, far and away the biggest culprit for the wealth gap is the Federal Reserve and it’s monetary policies which include QE and ZIRP.

Unfortunately, understanding this takes effort, and it is much easier to put on a lapel pin of your political party and blame the other side. Too many people FrancoHFW do the easy thing. I guess those people believe the brains only purpose is to fill the void between their ears.

Yeah another GOP conspiracy theory rather than just looking at the facts... Wake up and smell the coffee, flat tax systems are a giveaway to the rich corrupt GOP joke, brainwashed functional moron. And yes that is what we have now duh...

Let’s deal with the facts. Fact- I am not a member of the GOP, So unlike you, I don’t carry the water for a political party. Fact- the wealth gap began widening around 1980 when the fed started trying to manipulate markets and inflation. Fact- the correlation between the rate of wealth gap increasing and the political party in control in Washington does not support your narrative that it is a GOP issue. If you look at the chart below, you will see the steepest increases occurred during the Clinton and Obama presidencies. Fact- I don’t blame those increases on Clinton and Obama, I blame them on the Fed monetary policy.

View attachment 245835

So you only vote GOP and believe their garbage propaganda? LOL

 

[danielpalos]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

Yes, you are simply clueless and Causeless about economics.

we can raise the minimum wage to beat inflation.

Do you even know what causes inflation? How does raising the price of ANYTHING "beat" inflation?

lol. inflation happens, regardless. being proactive is usually a capital virtue.

 

[danielpalos]

I give you the same question, Supposn. If you raise the national minimum wage to $15 an hour...how are you NOT going to have everyone who wasn't working for minimum wage because they had learned job skills that got them more money...not knocking on their bosses door asking for a raise? Do you honestly think that someone who used to make $15 an hour but had started their job at $7.50 an hour isn't going to demand to be compensated for those additional job skills? In Communist countries they can get away with paying everyone the same rate no matter what skills they have but to be brutally frank with you...if you try that here...you'll have people rioting in the streets!

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

If labor that is paid more pays more in taxes and pays more for goods and services due to inflation...how are you creating demand? In order to create demand you have to increase disposable income. You haven't done that. You've increased inflation.

Labor will be able to afford more; even the dollar menu won't double if the minimum wage does.

 

[danielpalos]

OldStyle, due to the concept of wage differential, the federal minimum wage rate bolsters all USA wage scales, regardless of how many, or how few persons knock on the doors and requesting a raise. And in aggregate, they generally in aggregate should, and do gain raises each time the minimum wage is increased.

The federal minimum rate U.S. Has always (as it should) be increased in a manner that would shock USA's labor markets. On the contrary, because the timing and extent of its modifications were directly subject to congressional politicians rather than to civil service statisticians, the modifications of our minimum rate have been too slow, and too poorly, and consequentially their economic benefits have been less than they should have been.

I'm a proponent of a 12% annual increase until we achieve 125% of February 1968 CPI, and thereafter the minimum rate should be monitored and annually (when necessary), modified to retain that purchasing power.

It's conceivable that a person may equate the minimum rate with paying everyone the same rate. I doubt if you ever met anyone as naive or ignorant to such an extent. Respectfully, Supposn

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

If labor that is paid more pays more in taxes and pays more for goods and services due to inflation...how are you creating demand? In order to create demand you have to increase disposable income. You haven't done that. You've increased inflation.

He wants to spend a lot of money to generate a little money.

nobody takes right wingers seriously about economics.

trillions in circulation must create some demand and pay some taxes.

 

[Erinwltr]

Did you just call me "naïve or ignorant" for pointing out that people who make more than minimum wage NOW are going to want to make just as much above minimum wage when you increase it to $15 an hour? If you don't give them a sizable increase than the resulting price spikes that will occur for goods and services will make them poorer than they were before and if you can't see that my friend then it's YOU who is naïve...not I!

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

If labor that is paid more pays more in taxes and pays more for goods and services due to inflation...how are you creating demand? In order to create demand you have to increase disposable income. You haven't done that. You've increased inflation.

He wants to spend a lot of money to generate a little money.

nobody takes right wingers seriously about economics.

trillions in circulation must create some demand and pay some taxes.

"nobody takes right wingers seriously about economics."

But you do.

 

[danielpalos]

More than 60% of American workers earn $20/hr or less. Yeah, $15/hr won't cause any disruption at all. Sure.

in the short run. in the long, higher paid labor pays more in taxes and creates more in demand.

If labor that is paid more pays more in taxes and pays more for goods and services due to inflation...how are you creating demand? In order to create demand you have to increase disposable income. You haven't done that. You've increased inflation.

He wants to spend a lot of money to generate a little money.

nobody takes right wingers seriously about economics.

trillions in circulation must create some demand and pay some taxes.

"nobody takes right wingers seriously about economics."

But you do.

only the right wing appeals to ignorance regarding price inflation for Labor.