Ray From Cleveland
Diamond Member
- Aug 16, 2015
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actually it might be better for residents of one state.Oregon lawmakers approve landmark minimum wage increase
I wonder if the same idiots that whine now about the min wage sound like the idiots that whined the apocalypse was going to happen when it was raised to its current wage.....anyways good for Oregon residents,maybe now they can make ends meet a little better.
products that come from other states will still be produced at the lower pay rates so the price of goods wont go up.
However, if all states do it, then the price of goods goes up accordingly and the increase in minimum wage will for the most part be eaten up by inflation.
And, while the minimum wage goes up, the wages of workers already at or above that pay rate will most likely not see an increase so their standard of living will go down as prices go up.
But, for one state to do it? Yes, the people will most likely see favorable results overall.
Goods come into a state via truck or train. In most cases, they go to warehouses where people have to unload the truck, process the paperwork, and then separate the items into groups.
From there, the groups of goods are shipped by truck to various locations and stores. Once again, the truck has to get unloaded, paperwork has to be completed, and every item on each pallet has to be accounted for.
From there, stock personnel have to take those pallets of goods and stock the shelves.
So there are still costs to consider that higher minimum wages will reflect. But whatever advantage there is, there is a loss since manufacturers will avoid such areas in which to produce. In the long term, it will be a net loss when you consider the jobs. After all, minimum wage increases affect more places than McDonald's. Industry too uses minimum wage workers.