mochadot18
28 Feb 2014
USA, Canada / 15 hr. motion on a minimum wage. (USA) [16]
Does it matter if i'm from money??? That has nothing to do with this
You do understand though that if you increase minimum wage and the inflation rate increases by the same rate then your buying power will be exactly the same....thus you haven't changed a thing.
Now I can see increasing the minimum rate by like 2$ sure but what they are talking about is doubling it, I sure hope that then all those on salaries get to see their incomes go up 100%
Plus also please do realize many states are getting their minimum wages increase within the next few years... so like every year they are going up some .75 cents which isnt going to beat out the rate of inflation.
and also considering minimum wage was 1$ in 1960... that would equate to $7.75 in this day and age. Now in 1968 it hit an all time high that today would equate to 8.56$ but that is the all time high
Also this increase in minimum wage would NOT cause any change in income inequality what so ever either.
But over all you increase the minimum wage this much you will only be eliminating current jobs, and you will only be increasing the prices for all other goods and services.
...... If you owned like a mcdonalds I'm 100% sure you would not be paying that cashier 18$ HAHAHAHA different business tend to pay different amounts so i'm sure you pay the standard amount
I also do hope that you are importing and not exporting if you are located within the U.S with the recent appreciation of the U.S dollar exporting is now becoming much more expensive and importing much cheaper. Now luckily this should cause a decrease in inflation but also a low AD and lower economic growth. This would also be assuming that demand is relatively elastic for whatever you do.
Does it matter if i'm from money??? That has nothing to do with this
You do understand though that if you increase minimum wage and the inflation rate increases by the same rate then your buying power will be exactly the same....thus you haven't changed a thing.
Now I can see increasing the minimum rate by like 2$ sure but what they are talking about is doubling it, I sure hope that then all those on salaries get to see their incomes go up 100%
Plus also please do realize many states are getting their minimum wages increase within the next few years... so like every year they are going up some .75 cents which isnt going to beat out the rate of inflation.
and also considering minimum wage was 1$ in 1960... that would equate to $7.75 in this day and age. Now in 1968 it hit an all time high that today would equate to 8.56$ but that is the all time high
Also this increase in minimum wage would NOT cause any change in income inequality what so ever either.
But over all you increase the minimum wage this much you will only be eliminating current jobs, and you will only be increasing the prices for all other goods and services.
BTW I'm a business owner, who if he hires someone will be in the $18-$21/hr. range.
...... If you owned like a mcdonalds I'm 100% sure you would not be paying that cashier 18$ HAHAHAHA different business tend to pay different amounts so i'm sure you pay the standard amount
I also do hope that you are importing and not exporting if you are located within the U.S with the recent appreciation of the U.S dollar exporting is now becoming much more expensive and importing much cheaper. Now luckily this should cause a decrease in inflation but also a low AD and lower economic growth. This would also be assuming that demand is relatively elastic for whatever you do.