Posted on 10/07/2015 4:40:35 PM PDT by markomalley
President Obama said Wednesday that consumers would be OK paying higher prices if they knew it was the result of an increase in the national minimum wage. He argued that there was therefore no practical reason for anyone to oppose a hike.
"I think that most of us are price-sensitive. We're not looking to over-pay. On the other hand, I'll bet that a lot of folks here, if they go to a restaurant, and they know that the people working there are making a living wage, the fact that they may be paying an extra dollar for a burger, would feel OK," Obama said, adding, "Some people might not be able to afford it, but a lot of people could."
The president went on to say that it "would have an impact" in the debate over the minimum wage if consumers could be made more aware of the connection between a higher minimum wage and higher prices.
Obama made the comments at a White House event dubbed the "Summit on Worker Voice," a day-long event to promote organized labor in the workplace. The comments were part of larger discussion about changing attitudes toward outdated notions about workplace issues. He conceded that many businesses, especially restaurants, operate on tight profit margins and would have to pass the higher costs from a higher minimum wage onto consumers.
Democratic presidential candidate Hillary Clinton sent a signed copy of her memoir Hard Choices to several of the major Republican presidential candidates. Kentucky Sen. Rand Paul responded by signing the book with a message for Clinton and auctioning the memoir on eBay.
"Hillary, you refused to provide security for our mission in Benghazi," Paul wrote. "Should forever preclude you from higher office! Rand Paul."
The book signed by Paul and Clinton has already received several bids online, in excess of $300 as of press time.
Clinton first delivered the book to the presidential candidates with a letter stating that she thought the candidates may want to read the book since they had questioned her record during the most
Obama has supported several increases in the national minimum wage, which is currently $7.25 an hour. In 2013, he endorsed a Democratic legislative proposal to raise it to $10.20. Earlier this year, he endorsed a new Democratic proposal to raise it increase it to $12 an hour.
Organized labor has long supported higher minimum wages because they reduce the amount of cheap, non-union labor available to employers as well as create pressure to raise wages generally.
Sorry, two words: Wal-Mart dumbass!
Translation of the President’s comments make perfect “Progressive” sense: raise the minimum wage, and prices of goods and services will also rise. Most people will pay the increased prices. Minimum wage earners not wishing to see their raises disappear as they make purchases in the heated-up marketplace can just eat cake.
You have no imagination. We can then just raise it to 20 bucks. Problem solved. Oh, wait...
Can someone make him shut up?
More places are setting up terminals for ordering and paying. They aren’t waiting for the law. There will be fewer jobs.
1) Minimum wage is raised.
2) Renter receives a letter from the landlord that the monthly rent is going up, no matter if they got a raise or not.
3) Prices at markets, fast food chains, etc go up to pay for the new wages (or health care, etc.)
4) The people who the raise was aimed at (minimum wage workers) then pay a larger percentage of their income at those places.
5) In the end, between higher rents and higher prices (especially higher prices for health care), the worker who received the mandated increase in pay has less buying power than they did before the mandated increase in wages.
6) Worse, hard working people who had put in the effort in finding a good job, working hard, and rewarded with higher wages are swept up with the minimum wage increase, erasing all their hard work to get ahead.
7) Union workers, who are really behind all these wage increases, sweep in and demand millions of workers be forced into unions since they benefited from the union efforts and take a percentage of each worker's salary to use for Democrat campaigns.
8) A new, higher, minimum wage is required to ‘make it a living wage’ - please refer to 1.
Poor black people will no longer be able to afford KFC.
Obama to blame.
A recipe for runaway inflation!
'scuse me while I stick my head in a bag to stop the gagging and hiccups...
The guy’s too stupid to realize that minimum wage laws hurt the very people he thinks it’s going to help. It hurts the poorest among us more than anyone else AND costs them the availability of entry level jobs.
Obama’s a nightmare of incompetence. He’s wrong every single time he opens his foolish liberal mouth. About literally everything.
>>>Sure. I’ll just stop tipping,
‘cause now they don’t need it.<<<
Post of the week!
Not me.
I would pay more for quality. The goods we purchase now,all made in China,are crap.
.
About paying an extra buck for a burger ...Obama has not paid his own way for awhile. That said, servers don’t get minimum wage. They get a little more than $2 an hour and tips are supposed to make up the gap.
My daughter worked all summer at two different restaurants. None of her co-workers were trying to support a family on one minimum wage job.
One guy lived rent-free above the restaurant owners’ garage and tried (unsuccessfully) to support himself and a drug habit on minimum wage.
Failed. Got fired.
But, anyway, the idea that minimum wage earners are trying to support a family is silly. At that level they are still eligible for a lot of government bennies, so WE the PEOPLE would be paying more for our burgers and still picking up the tab for entitlements.
Only a dollar increase? Just shows what this isolated, out of touch, black privilege pResident zero is. Only a few years ago you could buy a decent burger lunch, drink and fries included, for $5 -$6. The same burger today will cost almost $15. And that’s with the minimum wage at $7 whatever. Raise it to $15 and you’re looking at a $20 lunch. One dollar my a$$.
Uh, NO. Paying more at a restaurant so I can “feel good” about it is a non-starter with me. I don’t go out to eat any more except on very rare occasions due to the jacked up prices, generally ‘so-so’ service, & meals tax added on to the bill (new in our area in the last year). I get more bang for my buck eating at home.
In the old days people as delusional as this asshat were hospitalized for their own good.
Doesn’t affect him. He’s been spending our tax dollars for so long. He has no idea how much anything costs and he has no comprehension that people, already financially strapped, will balk at the higher prices. They will find a way around those prices, or they just won’t buy
I know if, say, a restaurant starts charging me 20 bucks for a hamburger, I will either go elsewhere, or better yet, I won’t eat out. And you can bet the restaurants know that other customers will do the same. So they will make cuts...as in jobs. So much for that higher minimum wage.
Wage controls won’t work by themselves. Prices just go up. No, what we need is wage AND price controls. That way the economy will always be stable. We could put people who are completely exempt from both in charge of the thing so that they’ll be impartial making their decisions. We could call them The Nomenklatura or something snazzy like that. Only in this way will we achieve “From each according to his ability to each according to his need.” I think it’s in the Constitution somewhere.
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