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Federal Minimum Wage
BamBamBoogie
post Jan 17 2010, 05:41 PM
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Resolved: The federal minimum wage should be raised to $10.

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sixfive
post Jan 17 2010, 05:48 PM
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Why? An increase from $7.25 to $10.00 just like that will hurt some businesses that can only afford to pay the current min wage to some employees. Also raise the minimum wage and congratulations other stores / services raise their rates. YAY
 
butre
post Jan 17 2010, 08:28 PM
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minimum wage should be slave labour
 
AbbeyMarie
post Jan 17 2010, 08:32 PM
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I don't agree with slavery, I do think we should be able to be paid in sex and or food.

also:
QUOTE(serotonin @ Jan 17 2010, 04:48 PM) *
Why? An increase from $7.25 to $10.00 just like that will hurt some businesses that can only afford to pay the current min wage to some employees. Also raise the minimum wage and congratulations other stores / services raise their rates. YAY
 
BamBamBoogie
post Jan 18 2010, 03:48 PM
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Anyone ever think of the issue of inflation and how although it continues to rise, the federal minimum wage is not matching it?
 
sixfive
post Jan 20 2010, 12:27 PM
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QUOTE(BamBamBoogie @ Jan 18 2010, 02:48 PM) *
Anyone ever think of the issue of inflation and how although it continues to rise, the federal minimum wage is not matching it?


Personally, I think we should just print more money.
 
kryogenix
post Feb 9 2010, 02:35 AM
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QUOTE(itanium @ Jan 17 2010, 08:28 PM) *
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.

QUOTE(BamBamBoogie @ Jan 18 2010, 03:48 PM) *
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
post Mar 9 2010, 06:29 PM
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QUOTE(kryogenix @ Feb 9 2010, 02:35 AM) *
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.
 
Blyat
post Mar 9 2010, 08:42 PM
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Wont happen
We don't get enough money coming into our country to raise wages up $3

Correct me if I'm wrong
 
kryogenix
post Mar 10 2010, 04:53 AM
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QUOTE(BamBamBoogie @ Mar 9 2010, 06:29 PM) *
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.
 
synatribe
post Mar 10 2010, 09:20 AM
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There is no point of giving more money if the US dollar is worth less in general. I'm from California but as far a business politics go, I lean more towards the Republican side. The issue isnt about raising minimum wages, it is about making the US dollar worth more. Right now China has US treasuries in reserves and are buying and selling these reserves to keep the US dollar high and the yuan lower therefore, the US is in a gridlock situation of not being able to compete in global trade and exports because of China. US business regulation is also becoming more ridiculous everyday. If the US took more of a laissez - faire approach, than we would have more exports and foreign direct investment. As far the apparel and manufacturing sector goes, the US is suffering, just shy of 10 years ago, the US was one if not the biggest exporter of apparel and foreign direct investment was booming, now China has a monopoly on this sector (hence why everyone's crap is made from China) the only real American based export store is American Apparel and that shows how retarded our government is. thats my 2cents.
 
*chaneun*
post Mar 14 2010, 04:02 PM
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living costs differ from state to state.
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NoSex
post Mar 15 2010, 02:03 AM
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kryogenix
post Mar 16 2010, 06:53 PM
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I don't think higher wages necessarily causes inflation. Actually, I think it's the other way around. When inflation occurs, wages must rise in order to maintain the same buying power.

The point is, you can't point to inflation as a "stimulant" to the economy just because you get a nominal increase in wages (see Zimbabwe).
 

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