Posted on 11/27/2012 3:37:48 PM PST by 2ndDivisionVet
A printing press?
A company that earns no profit pays no wages in very short order.
Please tell us all how to raise wages while maintaining or growing employment. Perhaps those under $10 an hour workers at Wal-Mart and similar establishments should either get more training to make themselves more valuable to employers, start their own businesses or work their way up the retail ladder. Did you know that Wal-Mart managers make six and seven figure salaries?
Leftists are angry, dangerous children.
And it strikes me lately that they seem to think that wealth equality is the ONLY thing that matters in life.
Is it now unPC to say that it is often the case that there are manycontent poor people and many miserable wealthy people? Money really isn’t everything. Isn’t there still something to be said for being content with your station in life? Many people find peace in living simply. Or am I not supposed to say that?
It’s called wage-push inflation and the effects are well-known.
It leads to higher unemployment and a slower economy eventually.
And I should suppose that Brett is a poster child for the Food Stamp President’s proposal that “everyone” attend college, even the mentally deficient and mentally ill.
Think about it. Wages is a part of every business model - they are factored into the cost of the products/services. If wages are arbitrarily raised, then the cost of everything will also have to be increased. Raise the minimum wage to $100/hr and the next day that $100/hr has the same buying power as the $10/hr had before the wages went up. I grew up in the '50s and my uncle made about $50/week in '60. He was able to afford an apartment and a new car. Ask yourself why wages and prices have gotten so much higher over the last 50 years or so. What drive costs and wages up? How does it affect people? If costs go up due to outside interference and wages remain static because the business is not making more money even though it has to charge more, what does that mean to the consumer? Why does money devalue?
Just after Pelosi and Reid took the Congressional branch in 2006, one of the first actions they did was to push for a raise in minimum wage. Immediately after the UE rate started climbing and gas started to spike.
I’m sure it was not the cause of the housing bubble burst, however I do believe it was the “straw that broke the camels back.”
It must be nice to wake up as a liberal every morning with no knowledge of history and only filled with utopian hopes and dreams....
“Does anyone think the economy can truly recover without wages rising?....Low wages are the reason so many people are using government welfare programs and voting for the Democrats. “
Wages are irrelevant. What is relevant is purchasing power. What these same dopes are advocating is a 1 for 1 increase in labor and price. In fact, their “higher wage” will actually be a net decline in the purchasing power of those receiving that wage. For every $1 increase in wage, it costs the employer at least $1.10 and as much as $1.35.
In addition, that minimum wage increase not only negatively effects min wage employees, but it does not translate into an across the board raise for all employees. So, the few workers that will benefit will harm everyone’s purchasing power. In the article, it compares a $16K/yr wage with $22K as the poverty line. So, let’s do the math and assume a raise from $16K to $22K, 22-16=6*1.10=6.6.
Now, you can see that this gives the laborer $6K, but costs the employer $6,600 per employee. That cost is added to the goods produced or services offered, and all of a sudden you now have less purchasing power before the big raise! Plus, those making $25K now do not get the raise, but they do get to pay higher prices....
Don’t worry tho, we will be able to talk about how great the government was for giving so much to the poor people, but that was all cancelled out by the evil corporation stealing it all away!
If I were a leftist, I’d just advocate that we raise taxes on those employers! That’ll drive those prices down.
Axiomatic flaw: they think money IS wealth.
It’s not. It represents wealth.
$1 = (total national economic value) / (money supply)
Increase the minimum wage, and we’ll have to increase the money supply, devaluing a dollar to a smaller fraction of total wealth.
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