Minimum wage

Heard Obamas raising minimum wage to $9 an hour. If so it's about time.

Get ready for more unemployed people then. Businesses are GOING to protect their profit margin by whatever means necessary.

Michael wrote:

Heard Obamas raising minimum wage to $9 an hour. If so it's about time.

Nine bucks by 2015.

By then $100.00 an hour won't be enough.

Really OK think about the raise. That is a 17.25% increase. So what will go up lets see gas will go up at least 17%. Food prices will go up! A $1 burger will now cost $1.18. All prices will rise they have to. You pay check will increase by 17 % but so will the amount of taxes you pay. For some it could place them in a higher bracket. IF wages are increased 17 % across the board then the amount of tax revenue will increase 17%. Hear the numbers if you make $290 a week (40*7.25) your taxes are about $40 a week. IF wages go to $9 you will make $360 a week (40*$9). This will place you in a higher bracket 22%. So you will pay $80 a week in taxes. While your pay increased 17% your tax contribution increased 100%. Look carefully. You will have to spend more to get the same services you now have and you will be paying more in taxes.

guest wrote:

Really OK think about the raise. That is a 17.25% increase. So what will go up lets see gas will go up at least 17%. Food prices will go up! A $1 burger will now cost $1.18. All prices will rise they have to. You pay check will increase by 17 % but so will the amount of taxes you pay. For some it could place them in a higher bracket. IF wages are increased 17 % across the board then the amount of tax revenue will increase 17%. Hear the numbers if you make $290 a week (40*7.25) your taxes are about $40 a week. IF wages go to $9 you will make $360 a week (40*$9). This will place you in a higher bracket 22%. So you will pay $80 a week in taxes. While your pay increased 17% your tax contribution increased 100%. Look carefully. You will have to spend more to get the same services you now have and you will be paying more in taxes.

So, what racist...it's $9.00 an hr.

Ok4Them wrote:

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So, what racist...it's $9.00 an hr.

Gives me a headache trying to get into the Leftist mindset.

guest wrote:

Really OK think about the raise. That is a 17.25% increase. So what will go up lets see gas will go up at least 17%. Food prices will go up! A $1 burger will now cost $1.18. All prices will rise they have to. You pay check will increase by 17 % but so will the amount of taxes you pay. For some it could place them in a higher bracket. IF wages are increased 17 % across the board then the amount of tax revenue will increase 17%. Hear the numbers if you make $290 a week (40*7.25) your taxes are about $40 a week. IF wages go to $9 you will make $360 a week (40*$9). This will place you in a higher bracket 22%. So you will pay $80 a week in taxes. While your pay increased 17% your tax contribution increased 100%. Look carefully. You will have to spend more to get the same services you now have and you will be paying more in taxes.

Finally, someone that understands economics. I too, want more money but at what cost? If I get a raise, then my employer raises his prices, which means other people pay more. If grocery store employees get a raise, then the store must raise the cost of there products, to offset the raises. If you (or I) buy anything from that grocer, we are paying for that employee raise with the increased cost to us. If that store is using a product from our employer, they are paying for our raise, in turn, we are paying the increased cost of their product so they can pay for ours. It's a vicious and confusing circle but it all comes back down to US. The more we want, the more it will cost us, in the long run. Personally, I would like to see if bartering could work better. Somebody is always looking to get rid of something or trade for something else. You just have to know where to look. It won't work for everything, but it could work for a lot.

Michael wrote:

Heard Obamas raising minimum wage to $9 an hour. If so it's about time.

Increasing the minimum wage will only increas unemployment and decrease productivity. It is a very bad itea and will make things much worse.

If minimum wage had kept up with inflation it would be over $10/hr.

Let's see:

One silver dollar = one paper dollar 1913 a.d.

One silver dollar = 31.5 paper dollars 2013 a.d.

The middle class has been under attack for a long time.

Ok4Them wrote:

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So, what racist...it's $9.00 an hr.

It's not a racial , here's what happens: let's say you make 10 an hour and min wage is 7.25. Then min wage goes up to 9. What happens is the purchasing power of the dollar falls to match. Meaning a gallon of gas will go to 5.50. Minimum wage workers will be able to purchase the same amount they did before, but everyone above minimum wage will be able to purchase less. That seems like a pretty easy theory, let's translate it. Let's say you sell pot, and your source can get you a lbs a week. You sell it for 100 bucks an ounce, all is well. Now your neighbor moves in and he can get 10 lbs a week, and he sells his for 75 an ounce. You get less money for the same thing because over saturation made your commodity worth less. Does that make sense?

Wow wrote:

<quoted text>Finally, someone that understands economics. I too, want more money but at what cost? If I get a raise, then my employer raises his prices, which means other people pay more. If grocery store employees get a raise, then the store must raise the cost of there products, to offset the raises. If you (or I) buy anything from that grocer, we are paying for that employee raise with the increased cost to us. If that store is using a product from our employer, they are paying for our raise, in turn, we are paying the increased cost of their product so they can pay for ours. It's a vicious and confusing circle but it all comes back down to US. The more we want, the more it will cost us, in the long run. Personally, I would like to see if bartering could work better. Somebody is always looking to get rid of something or trade for something else. You just have to know where to look. It won't work for everything, but it could work for a lot.

That's not entirely true. If the minimum is raised, prices go up. If the grocery store gives a raise to a stock boy or cashier or whatever because they get say 25% more work done in the same time everyone else does, then the store saves money in the long run, and everyone wins.

Pro education wrote:

If minimum wage had kept up with inflation it would be over $10/hr.

Minimum wage increasing causes inflation. When was the last time you made minimum wage?

It will be a long HOT summer.

Punisher wrote:

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Minimum wage increasing causes inflation. When was the last time you made minimum wage?

Stop watching FOX news and get an education.

Wow wrote:

<quoted text>Finally, someone that understands economics. I too, want more money but at what cost? If I get a raise, then my employer raises his prices, which means other people pay more. If grocery store employees get a raise, then the store must raise the cost of there products, to offset the raises. If you (or I) buy anything from that grocer, we are paying for that employee raise with the increased cost to us. If that store is using a product from our employer, they are paying for our raise, in turn, we are paying the increased cost of their product so they can pay for ours. It's a vicious and confusing circle but it all comes back down to US. The more we want, the more it will cost us, in the long run. Personally, I would like to see if bartering could work better. Somebody is always looking to get rid of something or trade for something else. You just have to know where to look. It won't work for everything, but it could work for a lot.

If our dollar was backed by a stable commodity, we wouldn't have these problems. Our money is backed by government debt right now, so we are bartering with empty promises. This is another example of the liberals exploiting less educated people for their votes.

Pro education wrote:

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Stop watching FOX news and get an education.

I have a college education, which required me to take macroeconomics and learn about these things. So lay out your case and prove me wrong, without your petty little insults.

Pro education wrote:

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Stop watching FOX news and get an education.

I'm waiting patiently for you to rewrite the book on economics, but until then is it safe to assume, pro education that your education ended shortly after you learned to say "Well you're a doo-doo head"?

Pro education wrote:

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Stop watching FOX news and get an education.

C'mon what's holding you up on this, I thought you co-authored The Wealth of Nations? Did you make a statement that you can't back up you sniveling liberal moron?

You first! With legitimate references. I don't care about your opinion.