Federal Minimum Wage Options

[BamBamBoogie]

Resolved: The federal minimum wage should be raised to $10.

Enjoy

[heyo-captain-jac...]

minimum wage should be slave labour

[kryogenix]

minimum wage should be slave labour

I like the cut of your jib. I'm going to have to use this one in the future.

Anyone ever think of the issue of inflation and how although it continues to rise, the federal minimum wage is not matching it?

That's like complaining that the store doesn't sell size 100 pants after you gain 50 lbs. The problem isn't the fact that the store only sells pants for normal people, the problem is your fat ass doesn't hit the treadmill often enough.

Likewise, we wouldn't need to raise the minimum wage if we didn't keep borrowing/creating money out of thin air and run up huge deficits by spending like drunken sailors. We shouldn't have minimum wage at all.

[BamBamBoogie]

I like the cut of your jib. I'm going to have to use this one in the future.
That's like complaining that the store doesn't sell size 100 pants after you gain 50 lbs. The problem isn't the fact that the store only sells pants for normal people, the problem is your fat ass doesn't hit the treadmill often enough.

Likewise, we wouldn't need to raise the minimum wage if we didn't keep borrowing/creating money out of thin air and run up huge deficits by spending like drunken sailors. We shouldn't have minimum wage at all.

It sounds as if you're against inflation. Inflation is actually good for the economy because it causes people to invest their money, thus being a good stimulant. Without inflation, people would just hold on to their money and not put it into the economy, making living conditions worse for everyone.

[kryogenix]

It sounds as if you're against inflation. Inflation is actually good for the economy because it causes people to invest their money, thus being a good stimulant. Without inflation, people would just hold on to their money and not put it into the economy, making living conditions worse for everyone.

Good. People need to hold on to their money, rather than spend money that they don't have.

When you inflate currency, ask where the money comes from. It's either borrowed, meaning we the taxpayers will have to pay it back with interest. Or, it's printed out of thin air through the Federal Reserve, meaning all the money that we already have is now worth less.

People would be better off saving their money instead of feeding the bubble and inflating the currency.

If you really think inflation is a good stimulant, ask the people of Zimbabwe how it's working out for them. This is what it takes for a Zimbabwean to buy a loaf of bread. Due to inflation, it costs Z$10 Million to buy a loaf of bread. Now that's some kind of stimulus!



You can't just inflate to stimulate the economy. Sure, you see the various indices go up in dollar value, but that's only because everything becomes much more expensive due to inflation. The increase is merely nominal. It's not real economic growth.

If you want the dollar to be worth shit, keep inflating the currency and supporting the phony economy. Me, I prefer an economy backed by hard assets and real wealth.