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Prices rise as the minimum wage increases in several states
Associated Press ^ | December 30, 2018 | David A. Lieb

Posted on 12/31/2018 5:47:44 AM PST by Olog-hai

At Granny Shaffer’s restaurant in Joplin, Missouri, owner Mike Wiggins is reprinting the menus to reflect the 5¢, 10¢ or 20¢ added to each item.

A two-egg breakfast will cost an extra dime, at $7.39. The price of a three-piece fried chicken dinner will go up 20¢, to $8.78. The reason: Missouri’s minimum wage is rising.

Wiggins said the price hikes are necessary to help offset an estimated $10,000 to $12,000 in additional annual pay to his staff as a result of a new minimum wage law taking effect Tuesday. […]

New minimum wage requirements will take effect in 20 states and nearly two dozen cities around the start of the new year, affecting millions of workers. The state wage hikes range from an extra nickel per hour in Alaska to a $1-an-hour bump in Maine, Massachusetts and for California employers with more than 25 workers. […]

A series of studies by the University of Washington has produced evolving conclusions. In May, the researchers determined that Seattle’s initial increase to $11 an hour had an insignificant effect on employment but that the hike to $13 an hour resulted in “a large drop in employment.” They said the higher minimum wage led to a 6.9 percent decline in the hours worked for those earning under $19 an hour, resulting in a net reduction in paychecks. …

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Food; Local News; Society
KEYWORDS: fightfor15; liberalagenda; minimumwage; pricehikes
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1 posted on 12/31/2018 5:47:44 AM PST by Olog-hai
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To: Olog-hai

In order to raise wages services and products prices must go up. In other words no real change in buying power.


2 posted on 12/31/2018 5:52:13 AM PST by Retvet (Retvet)
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To: Olog-hai

Time to raise the minimum wage again !
No gain in buy-in power this time. Better do it again. Results will be different next time.

Need I add a /s ?


3 posted on 12/31/2018 5:55:45 AM PST by Bitman
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To: Retvet

And a trend towards degradation of purchasing power too.


4 posted on 12/31/2018 5:56:00 AM PST by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Retvet

Possibly less buying power if a higher percentage of wages get taxed.


5 posted on 12/31/2018 5:56:29 AM PST by teevolt
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To: Bitman

Well, that’s the leftist definition of sanity, to do the same thing over and over and prophesy different results each time.


6 posted on 12/31/2018 5:57:08 AM PST by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Olog-hai

The process is called wage inflation.

The minimum wage inflation escapes to the general population where prices rise to make business profitable and then the relative desparity between the capable and those less capable resumes. That is, the relative inequality returns to the mean.

Adjacent states without the disparity inflation will profit


7 posted on 12/31/2018 6:03:13 AM PST by bert ( (KE. N.P. N.C. +12) Invade Honduras. Provide a military government)
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To: Olog-hai

You talk about the erosion of buying power;....- Look no further than the price of the family 4 door sedan.


8 posted on 12/31/2018 6:03:14 AM PST by EnglishOnly (eWFight all out to win OR get out now. .)
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To: teevolt
Therein lies the whole point. Higher wages get taxed higher. Higher prices get sales taxed higher. the net effect is lower buying power.
9 posted on 12/31/2018 6:04:09 AM PST by Ouderkirk (Life is about ass, you're either covering, hauling, laughing, kicking, kissing, or behaving like one)
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To: Olog-hai

But, but, thats not fair!, the rich lazy racist corporate
Trump loving old white guy who owns the place
Is supposed to fork over his excess profits!


10 posted on 12/31/2018 6:05:21 AM PST by tm61 (Election 2012: we find it IS possible, to polish a turd.)
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To: Olog-hai
I believe that the nation needs a vibrant, self-sufficient middle class to survive with our Constitution and what's left of our values intact. That requires that people who are willing to work can make a living wage without government handouts. $12 an hour, 36 hours a week, is $432 a week, over $20,000 a year. We all save if workers can earn that and not need government subsidies.

At that wage, it might mean doubling up, living in an apartment in an older house and taking public transportation and walking/biking. It's doable.

Near here, the county runs a dollar store that only hires those with serious and very apparent mental and physical disabilities. They do just fine. People should be given the opportunity for a job, not handouts, when in need. If it means spending a little more on fast food, it's worth it.

(I know this is an outlier view on FR. Flame away!)

11 posted on 12/31/2018 6:17:02 AM PST by grania ("We're all just pawns in their game")
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To: Olog-hai
"Prices rise as the minimum wage increases in several states"

That's why the minimum wage should be raised to $15 $20/hour.

Living wage or something.

12 posted on 12/31/2018 6:18:56 AM PST by moovova
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To: Ouderkirk

I believe they are putting the cart before the horse; with the low wages for low-skilled jobs, few people saw it as worthwhile to get out of bed in the morning (because prices were already rising - anyone who buys groceries could see prices rise while packages shrank).

I believe a primary driver of the increased wages (especially mandated minimum wages) is to force more companies, through their employees’ paychecks, to contribute more Social Security funds. Federal income taxes may not rise, but there is no refund of SS contributions.


13 posted on 12/31/2018 6:19:16 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: moovova

See # 13; the increased Medicare and SS funds taken from those higher paychecks don’t get refunded every year...


14 posted on 12/31/2018 6:20:45 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Olog-hai

WTF is the government business to dictate what private businesses have to pay ????
Open your government business and pay employees $50!


15 posted on 12/31/2018 6:24:44 AM PST by Leo Carpathian (FReeeeepeesssssed)
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To: Olog-hai

Minimum wage increases = Higher prices + More lay offs

Bring higher wages down bring lower wages up gets flat pay scale Karl Marx smiles


16 posted on 12/31/2018 6:28:46 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Olog-hai
Wiggins said the price hikes are necessary to help offset an estimated $10,000 to $12,000 in additional annual pay to his staff as a result of a new minimum wage law taking effect Tuesday. […]

A lie. He is wallowing in cash and this capitalist can afford easily to give his poor, oppressed workers the pittance they have been granted by the state. Note: Gays, women of color and children affected most.

17 posted on 12/31/2018 6:35:29 AM PST by 17th Miss Regt
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To: Olog-hai

Is short. The only ones who win with wage increases are the taxmen.


18 posted on 12/31/2018 6:37:06 AM PST by FlingWingFlyer (#NotARussianBot)
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To: Olog-hai
Seems like e-Verify would be better way to encourage wages to rise by removing illegal aliens from jobs, which might force employers to pay more, to compete for American workers.

Yes, implement e-Verify for all temp or perm, full or part-time workers. Make it a felony for any company to hire an individual without checking e-Verify. Also need to direct IRS and others to share and act on information that suggests an illegal alien using false identification.

BTW, I'm bothered that 8 million reported gun purchase attempts in 2018 involved illegal aliens with no apparent follow-up, law enforcement action, arrests, jail, or deportations.

What is the point of laws if they are not enforced?

19 posted on 12/31/2018 6:37:37 AM PST by Reno89519 (No Amnesty! No Catch-and-Release! Just Say No to All Illegal Aliens! Arrest & Deport!)
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To: FlingWingFlyer

The Medicare and SS taxmen to be specific; no “Earned Income Credit” or annual refunds on those...


20 posted on 12/31/2018 6:39:08 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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