I'm not an expert, but it seems like it would cause inflation. Maybe an economist would like to take the lead on this one...
Minimum Wage Hike
- Thread starter Red_Devil_DDS
- Start date
Old Bearkat
Six-man expert
Any inflationary pressure from this will be minimal. Not that many people are paid the minimum, and the vast majority of those that are tend to be entry level workers in manual labor or fast food jobs. Around here, most of the fast food joints pay higher than minimum just to get workers. Most pay around $7.50.
My main objection to it is the political symbolism allowing politicians to cry crocodile tears about giving the poor a raise, while doing absolutely nothing that helps their situation, not that there is really anything the government can do to truly alleviate poverty. It makes them feel good about themselves, trumpets their "good intentions", and lets them off the hook for any negative consequences. :roll:
My main objection to it is the political symbolism allowing politicians to cry crocodile tears about giving the poor a raise, while doing absolutely nothing that helps their situation, not that there is really anything the government can do to truly alleviate poverty. It makes them feel good about themselves, trumpets their "good intentions", and lets them off the hook for any negative consequences. :roll:
High Plains Drifter
11-man fan
and eases their conscience when they vote themselves another pay raise.
wait, he said economist, not nuclear physicist...
Old Bearkat
Six-man expert
granger":2kqckrqy said:
Engineer!!! Which qualifies me as an economist!
High Plains Drifter
11-man fan
Granger, dont mess with OBK, he has his finger on that button and lord knows he isnt too stable as it is. If he wants to be an economist, please let him be one.
Seeing as how I'm just a poor farmer and not anywhere near an economist, I'd like to ask a dumb question. How many people that belong to unions have their wages tied by contract to minimum wage? They may be making 20 an hour, you increase the minimum wage by 2 dollars and suddenly the union man is making 22 an hour. If that is the case, it looks to me like it could cause inflation.
Old Bearkat":3jc3pzpt said:granger":3jc3pzpt said:
Engineer!!! Which qualifies me as an economist!
Engineers are experts at everything... Or at least that's what they'll have you believe...
Blue Bird":3jc3pzpt said:
Dang unions are tearing this country apart!
Old Bearkat
Six-man expert
Mustang76":18znso0i said:
She's already having one, almost daily.
Old Bearkat
Six-man expert
Red_Devil_DDS":1qrs1kxk said:Old Bearkat":1qrs1kxk said:granger":1qrs1kxk said:
Engineer!!! Which qualifies me as an economist!
Engineers are experts at everything... Or at least that's what they'll have you believe...
Yep, practically a PhD, which BTW means Piled Higher and Deeper
Blue Bird":1qrs1kxk said:
Red_Devil_DDS":1qrs1kxk said:
Union membership in the private sector have now fallen to less than 10% of the working population, while government union population is increasing. Just wait, the 'crat unions will try flexing their muscle in the next 3 or 4 years
Old Bearkat
Six-man expert
High Plains Drifter":2upnadtp said:
Old Bearkat
Six-man expert
OOOOPPPPPPPPPSSSSSSSSSSS!! Not enough tritium in that last one.
This one is a little better....
This one is a little better....
