What would happen to the economy if minimum wages are raised?

[Skull Pilot]

Raining the MW is socializing costs and artificially inflating then to boot

no, it isn't. it is privatizing costs since the People will be spending their own money.

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

 

[Skull Pilot]

Raining the MW is socializing costs and artificially inflating then to boot

no, it isn't. it is privatizing costs since the People will be spending their own money.

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

So in your world a person today making $15. Would make now $30 an hour?

Why would I think that?

Only the fantastical right wing, has nothing but strawman arguments they can easily beat down, "to look tough".

Isn't that a logical extension of your positive multiplier theory?

SOme people make more so everyone makes more?

 

[danielpalos]

no, it isn't. it is privatizing costs since the People will be spending their own money.

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

 

[danielpalos]

no, it isn't. it is privatizing costs since the People will be spending their own money.

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid.

Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board.

were you only, campaigning?

 

[Skull Pilot]

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

Really?

If you raised everyone's pay to 15 an hour you do't think that would result in multiple across the board price increases?

Don't tell me you're one of those idiots who think labor costs don't matter in the end price

 

[Skull Pilot]

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

 

[danielpalos]

no, it isn't. it is privatizing costs since the People will be spending their own money.

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

So in your world a person today making $15. Would make now $30 an hour?

Why would I think that?

Only the fantastical right wing, has nothing but strawman arguments they can easily beat down, "to look tough".

Isn't that a logical extension of your positive multiplier theory?

SOme people make more so everyone makes more?

eventually; you make it seem like it will be detrimental.

you already paid double the price for fuel; where was the catastrophe.

not enough corporate raiding in it for you, when it is just about helping the poor?

 

[danielpalos]

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

Really?

If you raised everyone's pay to 15 an hour you do't think that would result in multiple across the board price increases?

Don't tell me you're one of those idiots who think labor costs don't matter in the end price

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

 

[danielpalos]

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

we already went through it with fuel inflation; everybody uses fuel. why only special pleading when dealing with the poor?

 

[Skull Pilot]

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

we already went through it with fuel inflation; everybody uses fuel. where only special pleading when dealing with the poor?

Fuel prices for the most part have far less to do with MW and far more to do with international markets.

 

[danielpalos]

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

we already went through it with fuel inflation; everybody uses fuel. where only special pleading when dealing with the poor?

Fuel prices for the most part have far less to do with MW and far more to do with international markets.

Who doesn't use fuel? How many people actually work for the minimum wage?

that is why, no one, takes the right wing seriously about economics.

 

[Skull Pilot]

The only positive multiplier will be the price increases across the board and the reduction of purchasing power for the people who already make close to 15 an hour or more (which btw is far more people than make MW)

And FYI what a CEO gets paid has absolutely no bearing on how much you can get paid

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

we already went through it with fuel inflation; everybody uses fuel. where only special pleading when dealing with the poor?

Fuel prices for the most part have far less to do with MW and far more to do with international markets.

Who doesn't use fuel? How many people actually work for the minimum wage?

that is why, no one, takes the right wing seriously about economics.

I'm not "right wing" whatever that means today

You can't seem to understand that a company relying on labor paid less than 15 an hour will not have to raise prices more than the increased cost of their labor alone.

 

[Wry Catcher]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

 

[Skull Pilot]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

So now you want the government to give tax breaks to businesses?

MAke up your fucking mind

 

[Wry Catcher]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

So now you want the government to give tax breaks to businesses?

MAke up your fucking mind

I've never opposed targeted tax adjustments or incentives. I do oppose bullshit tax cuts to those not in need, tax cuts solely for political purpose and posts such as yours which are mendacious idiot-grams - F.O.

 

[danielpalos]

what price increases across the board? the minimum wage sector is not that big.

are you claiming, that employees making fifteen dollars an hour will complain, if the one dollar menu becomes a two dollar menu?

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

we already went through it with fuel inflation; everybody uses fuel. where only special pleading when dealing with the poor?

Fuel prices for the most part have far less to do with MW and far more to do with international markets.

Who doesn't use fuel? How many people actually work for the minimum wage?

that is why, no one, takes the right wing seriously about economics.

I'm not "right wing" whatever that means today

You can't seem to understand that a company relying on labor paid less than 15 an hour will not have to raise prices more than the increased cost of their labor alone.

no firm is too small to fail. if cheap labor is the Only way they can succeed, how good can their product be.

Henry Ford doubled autoworker wages, not minimum wages. Inflation was not a problem.

 

[danielpalos]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

I think we should pay unemployment compensation at one dollar an hour less than the minimum wage, simply for the sake of employment at will.

 

[Wry Catcher]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

I think we should pay unemployment compensation at one dollar an hour less than the minimum wage, simply for the sake of employment at will.

Policy changes such as the one you're recommended have consequences beyond those intended.

 

[Skull Pilot]

It will be more than that. You are not taking into account that a business overhead includes not just labor but also a myriad of products and services that all are factored into the final cost

And when absolutely everything goes up in price even if it is just a couple dollars anyone making close to 15 an hour or more will see a reduction in their purchasing power

we already went through it with fuel inflation; everybody uses fuel. where only special pleading when dealing with the poor?

Fuel prices for the most part have far less to do with MW and far more to do with international markets.

Who doesn't use fuel? How many people actually work for the minimum wage?

that is why, no one, takes the right wing seriously about economics.

I'm not "right wing" whatever that means today

You can't seem to understand that a company relying on labor paid less than 15 an hour will not have to raise prices more than the increased cost of their labor alone.

no firm is too small to fail. if cheap labor is the Only way they can succeed, how good can their product be.

Henry Ford doubled autoworker wages, not minimum wages. Inflation was not a problem.

You'd be surprised
Tell me do you always buy the most expensive item in the store?

It's not the 1920s anymore either
If you think Ford paid more than he could at the cost of his bottom line then you don't know shit about business

 

[danielpalos]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

I think we should pay unemployment compensation at one dollar an hour less than the minimum wage, simply for the sake of employment at will.

Policy changes such as the one you're recommended have consequences beyond those intended.

like what? solving for simple poverty on an at-will basis?