Skip to comments.Obama: Americans deserve a vote on minimum wage
Posted on 02/22/2014 8:39:51 AM PST by Olog-hai
President Barack Obama says hardworking Americans deserve a vote in Congress on a minimum raise hike. [ ]
Obama is praising retailer The Gap for deciding to pay its employees higher wages. He says the move will benefit about 65,000 workers and help the economy.
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What’s Congress to soebarkah but to be set-up?
we deserve one on repealing Obamacare, which will raise the wages of many more Americans.
I am worried that Americans won’t understand it. Most can’t do basic math. Try explaining the complexities of economics.... which really isn’t that complex.
Heck, many are for some form of carbon tax to help with Global Warming and don’t realize that they are shooting themselves in the foot. They don’t realize that everything will cost more.
No, a lot of Americans are pretty dumb.
Americans deserve Clown Prince nobama’s immediate resignation and imprisonment. Nothing less...nothing more.
There’s a Nobel Prize in economics awaiting someone who figures out how to keep their country’s currency lowest coin of the realm and its purchasing power stable during inflationary times. Not resorting to steadily raising an assigned devaluation to it by afixing a “living wage” which sends thjeir currency into an inflationary spiral.
Since the inception of establishing a minimum wage the very basic coin of the realm,the cent, has become valueless. Todays penny costs more to make than its assigned value. Even Canada stopped making them..
This is not an argument for establishing a let’s say an assigned valuation of a portion of a stable commodity like gold, to the basic coin being used itself such as a penny, instead of the dollar . Although that might be one idea to consider.
But to point out when a minimum wage rate is raised it affixes a given rate of inflation to the period of time its emplaced. All raising the minimum wage does actually is devalue the dollar because costs (purchase prices) eventually get adjusted in time, which is never discussed by those arguing for its advancement. All it does is hasten the devaluation of the dollar..
During Reagan’s time he attempted to deal with this by attempting to establish a bifurcated (two level) living wage.He did so becaise he realized that of those in need of workers.Some were in a financial situation that could not afford to pay the state mandated wage scale the law demanded and would be breaking the law. ..This was of course shouted down by the democrats and some republicans at the time..
What governments should be doing is set policies which maintain or increase the value of their most basic unit of their currency. Not support policies with incremental devaluations of it so that those fractional units of their currency in our case the nickle, then the dime, then the quarter, et-cetera eventually become a valueless.dollar .
A case in point is in the 1940s a candy bar cost 5 cents when the hourly minimum wage was $.50 per hour. What does it cost today ? Likewise what were the costs of basic goods and services during that period of time as compared with todays basic wage feel good tinkering ? The result is that todays everything for a dollar stores are yesterdays five and dime.
Who gets hurt the worst when these adjustments are decreed by government? Its those living on fixed incomes whos income and savings value are based on previous purchasing power of previous era wage levels such as social security . They get whacked by devaluation . Because their savings are not adjusted to the previous current rates of inflation. and that also includes living on government subsidies. Eventually those subsidies eventually get increased.but not those living on what’s known as “Life Savings” .
When these feel good socialists frauds under the democrat party banner propose these increases. That is never considered as they pound their breasts claiming theyre for the little guy. All theyre doing is un-necessarily raising the price on goods and services broadening the demand that those affected seek help from them..
We voted “One Man, One Woman”. Didn’t matter. Polls showed a 55% for OMOW. Polls showed 60% against the “bail out”in 2009. Didn’t matter. Polls showed over 50% against open borders. Doesn’t matter. Polls showed Romney winning. Didn’t matter. Polls showed over 50% against “openly gay” in the military. Didn’t matter.
Obama belongs in friggen prison.
Plato and Aristotle identified the problem: When the poor can vote, they will always drive their nation toward debt and financial ruin.
They are Barry...it’s called elections.
Is the Administration trying to shift subsidies onto the private sector?
The constant push for higher minimum wages, as high as $15, would shift the burden of subsidizing low income and low information people to the private sector.
Government will be praised as heroes while (un) intended consequences would make life worse for those poor subjects who will follow like lemmings down the proverbial cliff.
What they will encounter is to lose eligibility for welfare, food stamps, Medicaid and other State and federal programs, leaving them worse off than before. Because of their newly found wealth, they would be classified as the new middle class courtesies of their compassionate Administration. All the while the federal coffers would increase because of cost savings.
The evil Corporations would be blamed for causing this problem for not paying for extra subsistence.
I don’t believe that that calculation has not already been made by the Agencies?
This is only my personal opinion and I could be wrong.
How about letting Americans vote on paying taxes?
That would do it alright.
One of the idiot plans I keep hearing liberals push is that we should “subsidize” a higher minimum wage so we won’t have to have working people taking food stamps.
Apparently in rainbow and lollypop land, food stamps are paid for by taxes but a subsidized minimum wage is paid for by magical elves.
Are you stoned? What is this supposed to say?
let Americans vote on something else:
the salaries of congressmen must be no more than the median salary earned by people in the district represented
this would insure the congressman would work to improve the lives of those they represent. (I’d also put in a criminal clause about lobbying, but one step at a time)
How about throwing in forbidding exemptions to Obamacare for said congressmen too, for as long as they insist Obamacare stands as “settled law”?