"Mr. Luddite" wrote:
On 3/5/2014 7:08 PM, F.O.A.D. wrote:
On 3/5/14, 6:18 PM, KC wrote:
On 3/5/2014 10:22 AM, Mr. Luddite wrote:

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.




The one and only thing positive that comes from it is more solid
democrat voters...


It is absolutely laughable that some of you fellas in higher income
brackets want to curtail the meager wages of those in the bottom
brackets, and it is so, so, so modern-day Republican of you.

Does the cost of goods and services reflect the totally out of whack
paychecks of CEOs who take home multi-million dollar salaries?

More progressive nations have higher minimum wages for their workers,
and most of them get health care, mandated vacation time, sick leave,
maternity leave and pensions. In this country, everything goes to the 1
or 2% and the lower middle class and lower income groups get...****ed.

Except for Scotty, of course, whose services aren't worth half of
minimum age.



Still doesn't answer or address my question which is legitimate, I think.
If wages are increased (especially by law) it goes to reason that the
cost of services and goods will rise because the cost of labor has gone
up. If they rise, what is the benefit to those now earning a slightly
higher minimum wage who partake of those services and goods?

I hear all the justifications offered by the politicians. Higher minimum
wages means more employee loyalty, happy employees, and an increase in
business creating more jobs. Wonderful sounding story but a bit of a fairy tale to me.

Simply raising the minimum wage will quickly result in the same relative
state that exists now.

I'd rather see training and educational programs being promoted that will
allow those who want to increase their income to have the skills and
training that command higher wages.

How about the welfare collectors have to do meaningful work? Clean streets
of trash, etc. a new CCC. As to the minimum wage raise, does that cause a
loss of exports on low end labor assisted goods, because the price had to
be raised to pay those wages?