Idella
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Free registration at the forum removes this block.Because what happens when a business's labor costs go up? They raise the prices of their products (milk in this example).
After the prices of milk go up, the minimum wage earner is right back to square one.
The 99% Needs a Raise
From my perspective, raising the min. wage hurts the very people it intends to help (hurts the middle class the most actually).
Because what happens when a business's labor costs go up? They raise the prices of their products (milk in this example).
After the prices of milk go up, the minimum wage earner is right back to square one.
However, the middle class worker is paying more for the same product he was earlier, but he didn't get a raise to compensate for the price increase, so he has to actually work longer for that same gallon of milk.
The "CEO guy" in the example also has to pay more for the milk, but the small price increase doesn't affect him like it does the middle class worker.
IMO, all raising the min. wage does is decrease the gap between the minimum wage earner and middle class worker.
(By the way, I tried to write this without getting too political. Hopefully I succeeded.)
Having a minimum wage creates a huge deadweight loss because it causes people to do work for a higher price than it is worth in the marketplace. Unfortunately, our current minimum wage does not provide a living wage, even in the cheapest of places. And this is WITHOUT unnecessary expenses. The only people who can live off of a minimum wage are single people who live in tiny, cheap townhouse or apartment complexes.
I'm not saying that these people's choices didn't bring them there, but I do think people should be allowed to be losers, working the shit jobs that most people would not work, and at the same time be able to live comfortably as losers. That's the only argument for a minimum wage raise, but I think it's a strong one.
True although your assumption is that people are rational and critically think beyond what "looks good" and "feels good" -- most simply do not. If they did, they'd understand that any tax imposed on business, eventually is carried down to the consumer in the form of high prices or diminished supply (which also causes higher prices).
Policymakers create legislation as if it was made in a vacuum, as if, the taxing entity is powerless to respond and react. Tax and over-regulate a business/person and they simply will leave the taxing jurisdiction.
You are making the assumption that those jobs will still exist at a higher wage.
You can live on almost nothing, many people who start a business go through that. If they can't survive on the wage then they simply don't have to take the job. Easy as that.
And if they can't live comfortably it will act as an incentive to find a better job.
There is simply no rational argument for a minimum wage law to exist. Sadly politics in a democracy are not based on rationality.
I think statement 99% need a raise was tongue in cheek.
it was meant to be a funny post
I know, please take my comment as not directed at YOU, but at the people perpetuating the poster. Sorry if that came across as directed at you.
I wonder what they think about "CEO Guys" that are eating into their savings trying to start a company.... Douchebags.
I love how they absorb ME into their income levels and tell everyone that 99% of people agree with them. F*ck YOU! I'm busting my a$$ to start a company and hope to be a 1% CEO guy making enough for milk in a fraction of a second.
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