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The Water Cooler
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is a 9.00 dollar minimum wage the answer?
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<blockquote data-quote="Belthos" data-source="post: 2104409" data-attributes="member: 24944"><p>I know you aren't serious but I'll play along for fun <img src="/images/smilies/new/blush2.gif" class="smilie" loading="lazy" alt=":blush:" title="Blush2 :blush:" data-shortname=":blush:" /></p><p></p><p>Based loosely on the stats in this 2 year old article with 3 year old data, government numbers are usually at least a year or more old anyway.</p><p></p><p>in 2011 45% of people in this country had a job, the number is probably lower now.</p><p></p><p>Some 55% of adult people are unemployed and supposedly that number is equal to the number of children in the country who are typically not in the work force.</p><p></p><p>That gives us an approximate 29% of the population that is employed when you include every man woman and child.</p><p></p><p>That gives us 3.48 times as many people in the workforce! Score!</p><p></p><p>People on minimum wage just got a 19x increase in pay! Score!</p><p>edit ( should have said 5.5x increase in pay) while there is a 19x increase in dollars printed from thin air. In reality the working minimum wage earner would get 5.5x more dollars each worth 1/19th as much so they'd have about 1/3 the buying power they have now.)</p><p></p><p></p><p></p><p>Kidding aside what tends to happen when you raise the minimum wage is you suck the middle classes buying power down lower while having little long term effect on minimum wage earners ability to buy more with what they make since the increased cost of labor raises the price of everything and that eats up the supposed raise.</p><p></p><p>It makes it far more cost effective to outsource to other countries.</p><p></p><p>Belthos</p><p></p><p>New McDonalds menu changes will be as follows.</p><p></p><p>Try our new $20 value menu</p><p></p><p>Small fries $19.99</p><p>small coke $19.99</p><p>small hamburger $19.99</p><p>small cheeseburger $19.99 (not legal in New York City) The Mayor of NYC has determined cheese is not necessary for you to be healthy enough to pay taxes and vote.</p><p></p><p>$10 charge added to all orders for mandatory EPA cleanup fund. (The surgeon general of NYC has determined our food may not be biodegradable)</p><p></p><p>Some of the numbers used in this may have little or no bearing on reality.</p></blockquote><p></p>
[QUOTE="Belthos, post: 2104409, member: 24944"] I know you aren't serious but I'll play along for fun :blush: Based loosely on the stats in this 2 year old article with 3 year old data, government numbers are usually at least a year or more old anyway. in 2011 45% of people in this country had a job, the number is probably lower now. Some 55% of adult people are unemployed and supposedly that number is equal to the number of children in the country who are typically not in the work force. That gives us an approximate 29% of the population that is employed when you include every man woman and child. That gives us 3.48 times as many people in the workforce! Score! People on minimum wage just got a 19x increase in pay! Score! edit ( should have said 5.5x increase in pay) while there is a 19x increase in dollars printed from thin air. In reality the working minimum wage earner would get 5.5x more dollars each worth 1/19th as much so they'd have about 1/3 the buying power they have now.) Kidding aside what tends to happen when you raise the minimum wage is you suck the middle classes buying power down lower while having little long term effect on minimum wage earners ability to buy more with what they make since the increased cost of labor raises the price of everything and that eats up the supposed raise. It makes it far more cost effective to outsource to other countries. Belthos New McDonalds menu changes will be as follows. Try our new $20 value menu Small fries $19.99 small coke $19.99 small hamburger $19.99 small cheeseburger $19.99 (not legal in New York City) The Mayor of NYC has determined cheese is not necessary for you to be healthy enough to pay taxes and vote. $10 charge added to all orders for mandatory EPA cleanup fund. (The surgeon general of NYC has determined our food may not be biodegradable) Some of the numbers used in this may have little or no bearing on reality. [/QUOTE]
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