Posted on 03/18/2013 10:28:05 AM PDT by SeekAndFind
Fritos, Cheetos and grape soda are about the same as a few years ago. And flat screen TVs are way down so your minimum wage goes further these days you can live like a king if you are working at McDonald’s. And you are when compared to the poor worldwide
:: I think I see a fundamental assumption flaw in this statement.
Spend four years working your *** off in college to earn $22/hour
...be an idiot and drop out of high school to earn $22/hour
Which will people choose? Huh Warren?
This is part of Obama’s economic plan, and why he feels he does not need to cut spending. He has chosen inflation to devalue the value of the debts. Everything he does economically tries to spark inflation.
Big macs will not cost $11, they will become unavailable. Customers will choose making peanut butter and jelly sandwiches over fast food, and the fast food industry will disappear.
I’m with you!
Legislate a $32/hour minimum wage then tax the hell out of it!
(it’s the argument used by some on drug legalization threads)
We should be able to pay off a $20,000,000,000,000 debt in our lifetimes! < /sarc >
“:: Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers’ bottom lines. ::”
If this were TRULY the case, then she’d be arguing for an increase in the minimum wage abroad as well.
Degreed professions are having to compete with third world salaries in India where work is produced abroad and imported via the internet with no duty is paid.
Can’t outsource service industry jobs and SEIU knows it.
Because the minimum wage is the benchmark hourly scale upon which Union wages are negotiated. 22 an hour from 7.25/hour would translate to over $110/hour for a us autoworker, for example. Even more for hourly truckers and.....voila.. incredible inflation of prices for goods.
Detroit UAW members who earn $75 an hour do not do work that could be done by unskilled workers. Minimum wage increases the earnings of union members who compete with low-skilled workers for jobs. The estimate is if the minimum wage rises 40 percent, unionized workers who earn between the minimum wage and twice the minimum wage could see their earnings rise between 20 and 40 percent.
A higher minimum wage increases the expense of hiring unskilled workers. This makes hiring skilled union members more attractive and could raise the earnings of union members who compete with minimum wage workers by 20-40 percent. Meanwhile, non-union, low-skilled workers’ earnings actually fall due to reduced working hours and fewer job opportunities. Raise the wage— fewer jobs, even at the mcdonalds.
Just remember...bankers and democrats..LOVE socialism because of the built in inflation, and the dems love it because taxes “have” to go up while the money to pay them has to go up. Meanwhile... all of the regular folks suffer in complete misery. Nice setup. This Warren fauxahontas is one stupid ahol biotch.
You have defined the work scale for 50% of federal jobs— even the bait fish inspectors.. 100K a year...lol.
Imagine someone making $21/hour for sweeping the floor or flipping a burger. Okay, well, the former already exists in government union jobs. Not sure about the latter.
is that how much Liz pays her housekeeper?
LOL @ “most integers are very large” :-)
We finally have someone to replace Biden as the dumbest person in the senate.
Why don’t we just make minimum wage a million dollars per hour so EVERYONE can be rich? Shoot, we’ll throw in some trillion dollar platinum coins to fix the debt too!
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.