[yldstrk]

“you vill pay!”

[TEXOKIE]

Didnt Nixon try that???

[twoputt]

“...outlaw high prices...”

Isn’t that what Nixon tried to do with price conrols? That didn’t turn out too good for anybody. So, I guess Barry will try it!

[Richard Brandon Abroad]

"Clothing, footwear, cars, you name it -- if the government held their cost down, life would be more affordable for low-income workers."

Been there, done that. It doesn't work. Socialism sucks and so does this so-called President.

[mjp]

W = D/S, or in other words, average money wage rates equals demand for labor divided by supply of labor.

When W is increased, either S has to decrease or D must increase, or both can happen at the same time.

When S decreases, the unemployment rate increases

And when D increases, costs increase which can lead to decreased profits which can lead to decreased savings, which can lead to decreased investment, which can lead to decreased productive expenditure, which in the long run, can lead to decreased demand for labor, which can lead to decreased average wage rates and/or decreased supply of labor and higher unemployment.

So, an increase in wage rates has a negative effect on supply of labor and the employment rate by two pathways. But, its too much to ask that libtards be able to understand simple arithmetic.

[jiggyboy]

There are at least two more rarely mentioned corollaries of a raise in the minimum wage:

- In addition to jobs simply going away, workers already at the proposed new minimum wage are now competitors, and in fact are better candidates, for the presumably easier jobs at that new minimum wage, further displacing workers trying to get that first job.

- As businesses pass on the higher costs of the new minimum wage, low-wage workers find themselves paying more for everything. As they have less disposable income to start with, this is another harsh inflation tax.

[Forty-Niner]

The hidden agenda is that many Union contracts, including goverment employee ones peg their compensation rates to the legally established minimun. Raising the minimum wage gives these Democrat supporting groups a pay raise that is both hidden from view and highly inflationary.

[Night Hides Not]

Directive 10-289?

[sickoflibs]

That is a great idea,
set maximum prices at the federal level to ‘fair prices’. We all hate gouging and Anti-gouging laws work great banning expensive stuff from being sold to us even when we are staving or freezing. Fairness is the highest standard way above our needs or wants.

There is nothin the guberment cant fix with enough control and w smart guys like Obama in charge.