[Velvet]

We are in a competitive capitalist economy with some safety nets. I believe in consistent marginal improvements. That way one can account for feedbacks into the system. Raise the wages in increments and see what happens.

[anothersteve]

Raising Minimum Wage Is Not The Answer

Minimum Wage - Pros & Cons - ProCon.org

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result. | The Heritage Foundation

The real problems with raising the minimum wage—Commentary

Steve

[PrudentLifer]

Originally Posted by Velvet

We are in a competitive capitalist economy with some safety nets. I believe in consistent marginal improvements. That way one can account for feedbacks into the system. Raise the wages in increments and see what happens.

Increments haven't worked




"The party told you to reject the evidence of your eyes and ears..."
George Orwell

[Velvet]

When I look at the graph it doesn’t look like the minimum wage has been raised at all in terms of purchasing power. Maybe that’s why it hasn’t worked? Cost of living needs to be taken into account. But so does will the employer be able to stay in business to keep employing them. And we also have to deal with the cheap competition.

[Velvet]

I think we can nip the hand that feeds us but not bite. Marginal redistribution of income. Think Monaco, why so many of the formula 1 drivers etc have homes there?

[Velvet]

Originally Posted by manaboutown

Some people are not worth 5 cents an hour.

Probably Man meant their work. But, either we pay them to work however they do it, or we pay them through healthcare, food stamps etc etc.

[PrudentLifer]

Originally Posted by Velvet

Probably Man meant their work. But, either we pay them to work however they do it, or we pay them through healthcare, food stamps etc etc.

I know what he meant. All labor needs to be compensated for fairly. All workers have worth.


"The party told you to reject the evidence of your eyes and ears..."
George Orwell

[anothersteve]

Originally Posted by PrudentLifer

. All labor needs to be compensated for fairly.l

Kinda blows the arguement now doesn't it

Steve

[PrudentLifer]

Originally Posted by anothersteve

Kinda blows the arguement now doesn't it



Steve

No, not at all.


"The party told you to reject the evidence of your eyes and ears..."
George Orwell

[Velvet]

Hmmm. He did explain that that is not what he meant.

[JimJohnson]

This thread was a waste of my time.

[PrudentLifer]

Why America Needs a $15 Minimum Wage | Economic Policy Institute


"The party told you to reject the evidence of your eyes and ears..."
George Orwell

[PrudentLifer]

Raising the minimum wage to a living wage will redistribute capital from non- tax paying institutions to tax paying earned income workers.


"The party told you to reject the evidence of your eyes and ears..."
George Orwell

[anothersteve]

Originally Posted by PrudentLifer

Raising the minimum wage to a living wage will redistribute capital from non- tax paying institutions to tax paying earned income workers.

Guess you didn't see, read,(ignored) my previous.
Steve

Originally Posted by anothersteve

Raising Minimum Wage Is Not The Answer

Minimum Wage - Pros & Cons - ProCon.org

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result. | The Heritage Foundation

The real problems with raising the minimum wage—Commentary

Steve

[PrudentLifer]

Originally Posted by anothersteve

Guess you didn't see, read,(ignored) my previous.

Steve

Of course I read your links Steve. I noted the sources as well.


"The party told you to reject the evidence of your eyes and ears..."
George Orwell