Posted on 01/28/2016 6:25:23 AM PST by ChessExpert
âCities like Portland, Maine, and Buffalo, N.Y., that are just beginning to implement similar minimum wage increases should slam on the brakes before too much damage is done,â Heritageâs Furth said. âOnce you kill a downtown, itâs hard to bring it back.â
(Excerpt) Read more at dailysignal.com ...
One person argued with me. But if there is anything economics, experience, and common sense, tell us is that people and companies react to higher prices by buying less than they otherwise would have bought. One can find words to muddy the waters, but there is no getting around the reality.
If we want free trade with china etc... we will have to kill min wage PLUS and this is even more IMPORTANT, KILL the OVER REGULATION of Businesses and Individuals by the federal beer-o-crap-cies.
i had one liberal tell me businesses wouldn’t be able to be in business without government, because government made the money. he worked for the post office... he was laid off...
i could see why.
I vaguely remember reading that BO’S admin was passing an avg of 42 pages of business regs a day during his first term.
[ I vaguely remember reading that BOâS admin was passing an avg of 42 pages of business regs a day during his first term. ]
What size of business can most effectively deal with all those new regulations?
Hint: it is not Small or Mid sized businesses...
While minimum wages may increase the amount of money in one’s pocket, they ultimately end up with less buying power. Because those higher wage costs get added into the products and services rendered.
The inordinate minimum wage increases bare at least in part designed to bring the benefits of Government Subsidized living to more and more people and to gradually eliminate unskilled labor from the workforce thuse creating a permanently larger underclass of Democrat voting welfare recipients.
This phenomenon is seen in every small town dominated by a U.S. military base. Retail prices always go up the day that pay increases go into effect.
“While minimum wages may increase the amount of money in oneâs pocket, they ultimately end up with less buying power. Because those higher wage costs get added into the products and services rendered.”
Tell that to those who want to erect tariffs to increase wages in the US. I’ve had ‘fair traders’ tell me that a rising cost of goods won’t be a problem since everyone will have more money.
If we kill the regulation and the taxation of business the minimum wage will be pretty much irrelevant unless the resulting BOOM induces the pols to jack it up to $25 or so. If we combine all three measures we will have a full employment boom to surpass the Reagan Economy and the wage scale will rise rapidly. The minimum wage pols will have to work overtime to keep the legal minimum above the market lowest rates.
I would have to receive a pay increase just to recoup the additional health insurance costs now being incurred since the enactment of ACA (Obamacare). That alone has resulted in a reduction of my current pay.
False claims of no inflation have also contributed to further reductions in my current pay, as food costs keep rising.
Even actual lower costs of oil are also exacting its toll. As workers in the oil industry, either directly or indirectly, get laid off and start collecting food stamps, they are being paid for by those of us who still have employment.
There are many more examples, but that will suffice to make the point.
Good point. Bigger government means bigger business. How many of Barack Hussein Obama’s supporters realized that a vote for BHO was a vote for big business?
Minimum wage is what I have to pay you, it is all I have to pay you.
Minimum wage isn’t the minimum ALL jobs are paid, it is the minim job allowed to be performed. Any job not worth minimum wage isn’t allowed to be performed, so many jobs are killed off.
Tariffs promote domestic industries and have nothing to do with wages. Tariffs are also a source of revenue based on consumption as opposed to the income tax. Tariffs also are uses as retaliation to closed markets, which describe almost all foreign markets.
Yes. As a government civilian I attended a long course and stayed at a hotel. There were lots of hotels and my fellow classmates stayed at various ones. Almost all the hotels charged the government rate and competed on amenities (free breakfast, etc.). The government per diem (daily allotment for expenses) went up during the course. Rooms rates all went up to the new maximum the government was willing to pay.
They’re creating a series of excuses to move the inner city low income housing trash out to the suburbs.
Some of the excuses so far
They are driving out no skill jobs, driving up cost of living and the lead paint in low income housing is contributing to the violence.
It may have been 42 regs a day, not pages. Been awhile since I read it.
And, yes. Driving the mom and pop’s family businesses out of business.
“Tariffs promote domestic industries and have nothing to do with wages. Tariffs are also a source of revenue based on consumption as opposed to the income tax. Tariffs also are uses as retaliation to closed markets, which describe almost all foreign markets.”
Plus they raise the cost of living by raising the cost of imported goods. Are you saying the cost of living will go up and wages will stay the same? Why is this recipe for a deteriorating standard of living a good thing?
I would say someone has to pay for the unemployment costs of idling our manufacturing work force.
But no the cost differential between slave wage products and the cost of US workers goes to the stock holders. So hopefully the tariff will just negate that. So the increase will be negligible.
Portland Maine is busy trying to become Hartford Connecticut.
Citizens there are trying to implement rent control.
Most of the smart money left the city.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.