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To: Mad Dawgg

With states voting to increase the minimum wage themselves when it should be the Feds who do it why do you keep insisting that the house was on the right side of that issue?


7,395 posted on 11/08/2006 2:29:57 AM PST by marajade (Yes, I'm a SW freak!)
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To: marajade
"With states voting to increase the minimum wage themselves when it should be the Feds who do it why do you keep insisting that the house was on the right side of that issue?"

Unless the minimum wage laws are written with prices freezes in them as well all businesses wil raie their prices to absorb their higher overhead which in turns raises prices on those that deal in business with them.

Think of McDonalds. The have lots of minimum wage people. they will have to raise prices some to compensate to hold their margins. But additionally all the places the buy stuff from like the hfarmers who sell headlettuce will have to raise their prices as well. so McDonald's price will not raise just to compensate for their increased labor costs, they will als raise to compensate for their higher ingredients costs.

In essence whe you raise the minimum wage all you do is stir up the makets for a bit and then it all settles down at a new higher level.

A.K.A. Inflation.

ANd all the chest bumping about how you gave the poor man more money is basically crap, when actually what you did is raise prices for everyone who didn't get a raise.

7,413 posted on 11/08/2006 2:38:32 AM PST by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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