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F.O.A.D.

On 3/5/14, 3:50 PM, Mr. Luddite wrote:
On 3/5/2014 3:37 PM, Boating All Out wrote:

In article ,
says...

Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.

As long as food stamps and housing assistance are availible, no need to
raise the minimum wage. No need at all.

Thank you for a thoughtful and informative reply.

Sorry - been at the beach most of the day contemplating itsy bitsy
teenie weenie bikinis.