Minimum Wage - the fallout!

YukonGlocker · Feb 5, 2016

I didn't realize we had so many economic scholars in this group. I'd venture to say: it's not as simple as it seems (as if anything is). And there's some fairly well documented (i.e., backed by evidence) arguments against many of those made here. This article has some, but there's tons more in this domain:
http://www.salon.com/2015/08/04/the...bout_the_fight_for_a_15_minimum_wage_partner/

Larry Morgan · Feb 5, 2016

RidgeHunter said:
I really love the assertion that people who support left-leaning economics don't understand economics. That's a cute Facbeook meme and all, but it's kind of old hat at this point.

Ah yes, ad hominem. One of the backbones of internet arguing.

RidgeHunter · Feb 5, 2016

YukonGlocker said:
I didn't realize we had so many economic scholars in this group.

The Gold Standard lovers used to be able to run wild here without too many people telling them they didn't understand economics.

Dale00 · Feb 5, 2016

Economists seldom agree except to disagree. Most people would say that lessens their credibility on most issues.

ronny · Feb 5, 2016

Well, I'm not an economist, a left-leaning scholar or anything else but a retiree who can testify ad infinitum on the relative value of money. I retired 17 years ago with a reasonably comfortable little pension and social security. Most of the pension has been wiped out by inflation (anyone who believes gov. and their inflation mumbo-jumbo is a fool), increased medical costs and medical insurance premium increases, homeowners and auto insurance increases, property tax increases, etc.

My sympathy for the minimum wage proponents is that they have no clue just how inadequate that salary is. I fear that every one of those folks who gets a minimum wage increase will become more comfortable at that level, perhaps forever postponing the leap they must make to get above the subsistence level in the future. Increased minimum wage is a trap!

Shootin 4 Fun · Feb 5, 2016

It would be interesting to see how many of the people arguing against a minimum wage increase because they expect people to get better paying jobs are contributing to the lack of good paying jobs by shopping at Wal-Mart and other big box stores. Here's the deal folks, we can either pay more for the goods we purchase or pay more in taxes, one way or the other, we're going to have to pay up so that the underemployed can survive.

ronny · Feb 5, 2016

Just to get it straight, I'm not arguing against or for a minimum wage increase. I just caution that the consequences of an increase can be just as disastrous as the consequences of no increase. Artificiality in the economy has never seemed to work out all that well.

Profreedomokie · Feb 6, 2016

This never was about helping people do better for themselves, it's about buying lifetime voters.

tRidiot · Feb 6, 2016

profreedomokie said:
this never was about helping people do better for themselves, it's about buying lifetime voters.

^^^^this

ronny · Feb 6, 2016

Of course.

Minimum Wage - the fallout!

YukonGlocker

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Larry Morgan

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RidgeHunter

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Dale00

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ronny

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Shootin 4 Fun

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ronny

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tRidiot

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Minimum Wage - the fallout!

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