Obama wishing to raise minimum wage in the US

[Maryhl]

YahuShalum

A lot of states already have minimum wage laws.

So why should we let the federal government control minimum wage when it should be left to the states? This will just force companies to cut hours and with Obamacare keep them under the hours needed for them to purchase the healthcare; thus forcing the individuals with less hours to have to buy their own. (Or get fined for not having health care) Or you know, the companies just LEAVE.

Yeah it sounds good! Yay raise minimum wage it helps! More money for us! But it's not the government paying is it. The path to hell is paved with good sounding intentions.

Yay tax the rich more! They make more money they can afford it! Wait, why are they all leaving to other countries... Wait come back here, you were a company owner! Don't take my job too! You can't do that!!! Government pass laws forcing them to stay here with my job!

Remember most businesses in the US are small businesses... they exist where they are because that's where the owner is. Also, there's always a local demand for products and services and as long as the niche is open and a profit can be made at all, it will be filled by small businesses.

It's also extremely difficult to transplant from one country to another, and the businesses and individuals that can do that do so because they already have some connection to the alternative place.

Anyway, there are a lot of reason why rich people are never just going to leave. And frankly, it wouldn't be such a loss since the vacuum created would eventually be filled. Besides, they aren't even the main contributors to the overall economy. They just own more of it.

[logan the god of candy]

Mei tsuki7

logan the god of candy

Lord Akhenaton

logan the god of candy

stupid ******** people never learn. minimum wage is bad. raising minimum wage is worse.

You're right. We should go back to $.25 cent wages.

deflation causes the market to stop expanding. so people that don't have jobs can't get them. inflation is good... on a small scale. raising minimum wage and printing money raises inflation very fast. faster than is good for the economy. dropping minimum wage, and in your fantasy world causing employers to pay a quarter per hour, would cause deflation. the market would collapse.

if the rich horde their own wealth instead of paying people that work for them, the market goes to s**t and they stop making money. do rich people want to just have what they have, or do they want more? they always want more.


lower minimum wage = employers with more money
more money = more employees.
more employees = business expansion
expansion = more money
more money = more employees.
money>workers>expansion>money>workers>expansion>money,money,money.

you can't sell anything if nobody can buy it, so you can't hire, and you can't have business. if you work at mcdonalds, you get paid 5 bucks an hour because you are worth that little. highly educated, capable people can do more jobs and there are fewer of them, so they get paid more.

Raising minimum wage does not cause inflation. Printing money does.

You also completely missed my post where I responded to your absurd notion of no minimum wage.

raising minimum wage causes more money to be in more people's hands. that means that rich people will have an ever so slightly smaller percentage of cash... so the fed prints money. they print money for just about any reason, anyway.

and no, i didn't miss your ignorant post earlier. i just ignored it because it's ******** retarded. you see, there is make believe land that you live in where if something sounds good, then it is. then there is the real world. in the real world, there are consequences and repercussions.

[Wendigo]

Why would the working classes acquiring more currency necessitate fresh currency being printed? They tend to spend more of what they take in, which then circulates in the economy in general. It's the guys who tie their money up in investments who sink it long term, which would then require money to circulate in place of that money.

[Mei tsuki7]

logan the god of candy

Mei tsuki7

logan the god of candy

Lord Akhenaton

logan the god of candy

stupid ******** people never learn. minimum wage is bad. raising minimum wage is worse.

You're right. We should go back to $.25 cent wages.

deflation causes the market to stop expanding. so people that don't have jobs can't get them. inflation is good... on a small scale. raising minimum wage and printing money raises inflation very fast. faster than is good for the economy. dropping minimum wage, and in your fantasy world causing employers to pay a quarter per hour, would cause deflation. the market would collapse.

if the rich horde their own wealth instead of paying people that work for them, the market goes to s**t and they stop making money. do rich people want to just have what they have, or do they want more? they always want more.


lower minimum wage = employers with more money
more money = more employees.
more employees = business expansion
expansion = more money
more money = more employees.
money>workers>expansion>money>workers>expansion>money,money,money.

you can't sell anything if nobody can buy it, so you can't hire, and you can't have business. if you work at mcdonalds, you get paid 5 bucks an hour because you are worth that little. highly educated, capable people can do more jobs and there are fewer of them, so they get paid more.

Raising minimum wage does not cause inflation. Printing money does.

You also completely missed my post where I responded to your absurd notion of no minimum wage.

raising minimum wage causes more money to be in more people's hands. that means that rich people will have an ever so slightly smaller percentage of cash... so the fed prints money. they print money for just about any reason, anyway.

and no, i didn't miss your ignorant post earlier. i just ignored it because it's ******** retarded. you see, there is make believe land that you live in where if something sounds good, then it is. then there is the real world. in the real world, there are consequences and repercussions.

Your logic does not work. Correlation is not causation. Then there's also the fact that even if they do decide to print money when minimum wage is raised that doesn't mean it actually has to be done. Minimum wage does not lead to inflation.

I could say the exact same thing to you. You have given nothing but conjecture when speaking on this issue and ignore my post refuting your point. I believe I've said this before when it comes to this issue but your way honestly relies on the good will of those in power and would give corporate entities even more power than they already have. They would be able to control everything. We would no longer be a democracy but a plutocracy. And again, it would only work in a perfect world of only one corporation anyway. A company that pays their workers horribly could survive easily and make a very good profit if other companies pay their employees more.

[logan the god of candy]

Mei tsuki7

logan the god of candy

Mei tsuki7

logan the god of candy

Lord Akhenaton

logan the god of candy

stupid ******** people never learn. minimum wage is bad. raising minimum wage is worse.

You're right. We should go back to $.25 cent wages.

deflation causes the market to stop expanding. so people that don't have jobs can't get them. inflation is good... on a small scale. raising minimum wage and printing money raises inflation very fast. faster than is good for the economy. dropping minimum wage, and in your fantasy world causing employers to pay a quarter per hour, would cause deflation. the market would collapse.

if the rich horde their own wealth instead of paying people that work for them, the market goes to s**t and they stop making money. do rich people want to just have what they have, or do they want more? they always want more.


lower minimum wage = employers with more money
more money = more employees.
more employees = business expansion
expansion = more money
more money = more employees.
money>workers>expansion>money>workers>expansion>money,money,money.

you can't sell anything if nobody can buy it, so you can't hire, and you can't have business. if you work at mcdonalds, you get paid 5 bucks an hour because you are worth that little. highly educated, capable people can do more jobs and there are fewer of them, so they get paid more.

Raising minimum wage does not cause inflation. Printing money does.

You also completely missed my post where I responded to your absurd notion of no minimum wage.

raising minimum wage causes more money to be in more people's hands. that means that rich people will have an ever so slightly smaller percentage of cash... so the fed prints money. they print money for just about any reason, anyway.

and no, i didn't miss your ignorant post earlier. i just ignored it because it's ******** retarded. you see, there is make believe land that you live in where if something sounds good, then it is. then there is the real world. in the real world, there are consequences and repercussions.

Your logic does not work. Correlation is not causation. Then there's also the fact that even if they do decide to print money when minimum wage is raised that doesn't mean it actually has to be done. Minimum wage does not lead to inflation.

I could say the exact same thing to you. You have given nothing but conjecture when speaking on this issue and ignore my post refuting your point. I believe I've said this before when it comes to this issue but your way honestly relies on the good will of those in power and would give corporate entities even more power than they already have. They would be able to control everything. We would no longer be a democracy but a plutocracy. And again, it would only work in a perfect world of only one corporation anyway. A company that pays their workers horribly could survive easily and make a very good profit if other companies pay their employees more.

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

how about this. tell me what happens if we raise minimum wage to $500. what repercussions will that have on the market? same effect to a larger degree.

overall minimum wage solves nothing. in fact, i was comparing a country wide survey from 2009 with minimum wages and the states where people said had the lowest standard of living all had higher than federal standard minimum wage. not under, not even, but over. hell, it's not particularly accurate, but federal minimum to above federal minimum is about even in number of states. statistically 4 states should be split between the ranges of minimum wage.. but they aren't.

[Mei tsuki7]

logan the god of candy

Mei tsuki7

logan the god of candy

Mei tsuki7

logan the god of candy

deflation causes the market to stop expanding. so people that don't have jobs can't get them. inflation is good... on a small scale. raising minimum wage and printing money raises inflation very fast. faster than is good for the economy. dropping minimum wage, and in your fantasy world causing employers to pay a quarter per hour, would cause deflation. the market would collapse.

if the rich horde their own wealth instead of paying people that work for them, the market goes to s**t and they stop making money. do rich people want to just have what they have, or do they want more? they always want more.


lower minimum wage = employers with more money
more money = more employees.
more employees = business expansion
expansion = more money
more money = more employees.
money>workers>expansion>money>workers>expansion>money,money,money.

you can't sell anything if nobody can buy it, so you can't hire, and you can't have business. if you work at mcdonalds, you get paid 5 bucks an hour because you are worth that little. highly educated, capable people can do more jobs and there are fewer of them, so they get paid more.

Raising minimum wage does not cause inflation. Printing money does.

You also completely missed my post where I responded to your absurd notion of no minimum wage.

raising minimum wage causes more money to be in more people's hands. that means that rich people will have an ever so slightly smaller percentage of cash... so the fed prints money. they print money for just about any reason, anyway.

and no, i didn't miss your ignorant post earlier. i just ignored it because it's ******** retarded. you see, there is make believe land that you live in where if something sounds good, then it is. then there is the real world. in the real world, there are consequences and repercussions.

Your logic does not work. Correlation is not causation. Then there's also the fact that even if they do decide to print money when minimum wage is raised that doesn't mean it actually has to be done. Minimum wage does not lead to inflation.

I could say the exact same thing to you. You have given nothing but conjecture when speaking on this issue and ignore my post refuting your point. I believe I've said this before when it comes to this issue but your way honestly relies on the good will of those in power and would give corporate entities even more power than they already have. They would be able to control everything. We would no longer be a democracy but a plutocracy. And again, it would only work in a perfect world of only one corporation anyway. A company that pays their workers horribly could survive easily and make a very good profit if other companies pay their employees more.

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

how about this. tell me what happens if we raise minimum wage to $500. what repercussions will that have on the market? same effect to a larger degree.

overall minimum wage solves nothing. in fact, i was comparing a country wide survey from 2009 with minimum wages and the states where people said had the lowest standard of living all had higher than federal standard minimum wage. not under, not even, but over. hell, it's not particularly accurate, but federal minimum to above federal minimum is about even in number of states. statistically 4 states should be split between the ranges of minimum wage.. but they aren't.

Where did I say I was socialist? I'm not. I'm Capitalist/Socialist. I don't believe any pure system can work. The best system, to me, is a mix of Capitalism and Socialism.

The last time we had even close to a full free market we ended up with Robber Barons and vast corruption. We need a somewhat regulated market to have a fully functioning society.

Disagree. There is a point in which raising the minimum wage would be more bad than good but that is not this point. This is not black and white, good and bad. There are good and bad aspects to raising minimum wage and raising it only up to $9 will include more good than bad.

Source for that please. What I just looked up tells a completely different story. Can you also explain more about the last half of that final paragraph? I have no idea what you mean by it.

[logan the god of candy]

Mei tsuki7

logan the god of candy

Mei tsuki7

logan the god of candy

Mei tsuki7

logan the god of candy

deflation causes the market to stop expanding. so people that don't have jobs can't get them. inflation is good... on a small scale. raising minimum wage and printing money raises inflation very fast. faster than is good for the economy. dropping minimum wage, and in your fantasy world causing employers to pay a quarter per hour, would cause deflation. the market would collapse.

if the rich horde their own wealth instead of paying people that work for them, the market goes to s**t and they stop making money. do rich people want to just have what they have, or do they want more? they always want more.


lower minimum wage = employers with more money
more money = more employees.
more employees = business expansion
expansion = more money
more money = more employees.
money>workers>expansion>money>workers>expansion>money,money,money.

you can't sell anything if nobody can buy it, so you can't hire, and you can't have business. if you work at mcdonalds, you get paid 5 bucks an hour because you are worth that little. highly educated, capable people can do more jobs and there are fewer of them, so they get paid more.

Raising minimum wage does not cause inflation. Printing money does.

You also completely missed my post where I responded to your absurd notion of no minimum wage.

raising minimum wage causes more money to be in more people's hands. that means that rich people will have an ever so slightly smaller percentage of cash... so the fed prints money. they print money for just about any reason, anyway.

and no, i didn't miss your ignorant post earlier. i just ignored it because it's ******** retarded. you see, there is make believe land that you live in where if something sounds good, then it is. then there is the real world. in the real world, there are consequences and repercussions.

Your logic does not work. Correlation is not causation. Then there's also the fact that even if they do decide to print money when minimum wage is raised that doesn't mean it actually has to be done. Minimum wage does not lead to inflation.

I could say the exact same thing to you. You have given nothing but conjecture when speaking on this issue and ignore my post refuting your point. I believe I've said this before when it comes to this issue but your way honestly relies on the good will of those in power and would give corporate entities even more power than they already have. They would be able to control everything. We would no longer be a democracy but a plutocracy. And again, it would only work in a perfect world of only one corporation anyway. A company that pays their workers horribly could survive easily and make a very good profit if other companies pay their employees more.

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

how about this. tell me what happens if we raise minimum wage to $500. what repercussions will that have on the market? same effect to a larger degree.

overall minimum wage solves nothing. in fact, i was comparing a country wide survey from 2009 with minimum wages and the states where people said had the lowest standard of living all had higher than federal standard minimum wage. not under, not even, but over. hell, it's not particularly accurate, but federal minimum to above federal minimum is about even in number of states. statistically 4 states should be split between the ranges of minimum wage.. but they aren't.

Where did I say I was socialist? I'm not. I'm Capitalist/Socialist. I don't believe any pure system can work. The best system, to me, is a mix of Capitalism and Socialism.

The last time we had even close to a full free market we ended up with Robber Barons and vast corruption. We need a somewhat regulated market to have a fully functioning society.

Disagree. There is a point in which raising the minimum wage would be more bad than good but that is not this point. This is not black and white, good and bad. There are good and bad aspects to raising minimum wage and raising it only up to $9 will include more good than bad.

Source for that please. What I just looked up tells a completely different story. Can you also explain more about the last half of that final paragraph? I have no idea what you mean by it.

you just said ur socialist. there.

close to a free market? so not a free market? a regulated market.

it worked so well every other time they did it. wait, no, it didn't.

i cross referenced two studies. the basic idea was that minimum wage didn't seem to correlate with being better able to afford things one both wants and needs. found one, just wikied the other.

http://www.gallup.com/poll/125834/standard-living-north-dakotans-satisfied.aspx

http://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States

considering a $.75 increase from 2008-2009, 31 states were up about 1% from 2008-2009 and 5 states down 1%. only 15 states have above federal minimum.

conversely, two states, georgia and sc which have either no minimum wage law or below federal minimum were economically average despite surveying very low with the people living there.

basically, with the limited information here, there is no correlation between raising minimum wage and standard of living. on another note, differences in wages by state have actually raised state-to-state commuting for work. lol

[langland07]

Just a quick question, why does does the socialist always have to used as insult or in a negative way?

Some people here believe in it. Some don't.

This is also on the same lines of throwing liberal out there like an insult.

We don't need to use different political views as an insult to each other.

And I agree we need to regulate the Capitalistic society and the U also needs some socialistic things like our cops, firemen, postal workers, public education, and I also believe we need some kind of universal heathcare too.

So I don't mind the increase in minimum wage if it actually helps some working class members get ahead.

[Wendigo]

logan the god of candy

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

Sure I know what the free market is. To wit:

Love Canal, the Cuyahoga River Fire, 50 years of tetraethyl lead as a gasoline additive, radium tonics, armed men breaking up labor disputes *, "welfare capitalism*," Standard Oil, Carnegie Steel, Enron, credit default swaps, collateralized debt obligations, the Great Depression...

You know, the usual.

[logan the god of candy]

langland07

Just a quick question, why does does the socialist always have to used as insult or in a negative way?

Some people here believe in it. Some don't.

This is also on the same lines of throwing liberal out there like an insult.

We don't need to use different political views as an insult to each other.

And I agree we need to regulate the Capitalistic society and the U also needs some socialistic things like our cops, firemen, postal workers, public education, and I also believe we need some kind of universal heathcare too.

So I don't mind the increase in minimum wage if it actually helps some working class members get ahead.

socialism is bad. so it's an insult. liberal... i dunno.

universal healthcare, mail, and public education are all things that are far better off in the private sector. socialism is most of what ******** up education and healthcare in the first place.

[logan the god of candy]

Wendigo

logan the god of candy

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

Sure I know what the free market is. To wit:

Love Canal, the Cuyahoga River Fire, 50 years of tetraethyl lead as a gasoline additive, radium tonics, armed men breaking up labor disputes *, "welfare capitalism*," Standard Oil, Carnegie Steel, Enron, credit default swaps, collateralized debt obligations, the Great Depression...

You know, the usual.

dangerous, illegal, and irresponsible business practice has nothing to do with free market.

[Wendigo]

logan the god of candy

Wendigo

logan the god of candy

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

Sure I know what the free market is. To wit:

Love Canal, the Cuyahoga River Fire, 50 years of tetraethyl lead as a gasoline additive, radium tonics, armed men breaking up labor disputes *, "welfare capitalism*," Standard Oil, Carnegie Steel, Enron, credit default swaps, collateralized debt obligations, the Great Depression...

You know, the usual.

dangerous, illegal, and irresponsible business practice has nothing to do with free ******** don't go away when you remove the regulations that exist to restrict the damage they can do. What exactly do you think the "free market" is?

[logan the god of candy]

Wendigo

logan the god of candy

Wendigo

logan the god of candy

look, you are all socialists and have no idea that the free market works just fine without you retards ******** with it. do you people even know what free market is? i didn't think so.

Sure I know what the free market is. To wit:

Love Canal, the Cuyahoga River Fire, 50 years of tetraethyl lead as a gasoline additive, radium tonics, armed men breaking up labor disputes *, "welfare capitalism*," Standard Oil, Carnegie Steel, Enron, credit default swaps, collateralized debt obligations, the Great Depression...

You know, the usual.

dangerous, illegal, and irresponsible business practice has nothing to do with free ******** don't go away when you remove the regulations that exist to restrict the damage they can do. What exactly do you think the "free market" is?

regulating things despite having possible relations to the market is not regulation of free market. murder is illegal, but it's not a market regulation just because it disallows killing people for not buying your product in an attempt to coerce others.

[Wendigo]

logan the god of candy

regulating things despite having possible relations to the market is not regulation of free market. murder is illegal, but it's not a market regulation just because it disallows killing people for not buying your product in an attempt to coerce others.

Regulating business activities and the "free market" are antithetical. Mutually exclusive. If you believe in the "free market" as such, then you don't believe in environmental and labor regulations. Regulatory oversight is a move away from the "free market" and toward what they call a "mixed market."

[Neurocracy]

No, raising the minimum wage is a bad idea. Do you know how much a set of golf clubs cost nowadays? I would not afford both the monthly set of gold clubs I subscribe to and my driver's salary if I had to pay my workers a dollar more. In either case that would mean no golf. I think the only role of the government in the economy should be to eliminate labor unions. They should treat it like an insurgency and create special task forces to deal with it using military hardware and crowd suppression technology. After we've successfully disorganized the workforce, the market will magically fix itself, and the aliens will finally come down to Earth and tell us we passed our evaluation to join the galactic trade agreement.