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The Water Cooler
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Oklahoma Budget Crisis
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<blockquote data-quote="Sanford" data-source="post: 2879690" data-attributes="member: 27733"><p>Actually it will - due to the ladder effect. When minimum wage goes up, the person in charge of the minimum workers has to have an increase to still be making more than the people he's in charge of - albeit at generally lower percentage than was the minimum wage increase. This happens all the way up the ladder with each level getting, generally, a slightly lower percentage increase than the one below, until a point is reached that the next level up is still making more than those below. So in addition to increased poverty by people being out of a job there's also increased "poverty level" employment by many now making proportionally closer to the minimum wage. Another result is that people with fixed resources - those on disability, retirees, pensioners, etc. - also end up hurt as their income will not increase by the same percentage as the minimum wage goes up, if it goes up at all. Some won't, and those that do are generally tied to a nebulous "cost of living" increase that both fails to reflect actual marketplace cost increases but also lags them by months to years. Not that it matters, it's the apple on the end of the stick that gets the "gimme" vote so it's going to happen and keep happening.</p></blockquote><p></p>
[QUOTE="Sanford, post: 2879690, member: 27733"] Actually it will - due to the ladder effect. When minimum wage goes up, the person in charge of the minimum workers has to have an increase to still be making more than the people he's in charge of - albeit at generally lower percentage than was the minimum wage increase. This happens all the way up the ladder with each level getting, generally, a slightly lower percentage increase than the one below, until a point is reached that the next level up is still making more than those below. So in addition to increased poverty by people being out of a job there's also increased "poverty level" employment by many now making proportionally closer to the minimum wage. Another result is that people with fixed resources - those on disability, retirees, pensioners, etc. - also end up hurt as their income will not increase by the same percentage as the minimum wage goes up, if it goes up at all. Some won't, and those that do are generally tied to a nebulous "cost of living" increase that both fails to reflect actual marketplace cost increases but also lags them by months to years. Not that it matters, it's the apple on the end of the stick that gets the "gimme" vote so it's going to happen and keep happening. [/QUOTE]
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