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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: 2880356" data-attributes="member: 27733"><p>Economists look at numbers, I look at price tags and my paycheck. Each and every time there's been a minimum wage increase during my lifetime - including when I was making minimum wage - my personal standard of living has suffered as a result of increased costs over the course of the following year or so. It's similar to the observable phenomenon in Lawton where a military pay raise is announced and prices at local businesses start increasing immediately, but in that situation the price increases start even before the pay raise takes effect. In fact since the minimum wage increase discussion started there's been a steady but noticeable increase in the cost of goods across the board - I tend to believe this is preparation to soften the blow of the increases that will come after. And the fact remains that the elderly and disabled will suffer the worst.</p></blockquote><p></p>
[QUOTE="Sanford, post: 2880356, member: 27733"] Economists look at numbers, I look at price tags and my paycheck. Each and every time there's been a minimum wage increase during my lifetime - including when I was making minimum wage - my personal standard of living has suffered as a result of increased costs over the course of the following year or so. It's similar to the observable phenomenon in Lawton where a military pay raise is announced and prices at local businesses start increasing immediately, but in that situation the price increases start even before the pay raise takes effect. In fact since the minimum wage increase discussion started there's been a steady but noticeable increase in the cost of goods across the board - I tend to believe this is preparation to soften the blow of the increases that will come after. And the fact remains that the elderly and disabled will suffer the worst. [/QUOTE]
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