Posted on 12/31/2015 7:30:15 PM PST by Kaslin
I am thinking of a career change. Kiosk salesman looks pretty lucrative.
The late Prof. Irwin Corey, the world’s foremost authority, made a good living espousing the same as above without working for the government or investing in a kiosk.
As I have said on more than one occasion. Raise the minimum wage and the local merchants will raise their prices accordingly. Zero sum gain.
A higher minimum wage helps increases inflation.
So not only do you have to pay more for average services but your money will be worth less...worth less... worthless.
Sorry, I should have also pinged you to 3.
You can bet he won't be getting tenure at 99% of the colleges in the USA!!! If you don't enter the data in the "correct way" and get such results..., you are persona non grata!
...but it buys votes.
I’ve worked at minimum wage, and every time it was raised our hours were cut. So what good is raising the minimum wage? Business owners, aren’t stupid. They know how to get around it
An increase in the minimum wage is a trigger factor for increases in union wages - Democrats love union people.
You need a minimum in a country with a 2000 mile open border with the third world. Unmitigated illegal labor plus no minimum wage equals disaster. Close the border and we’ll see. Go Trump, go!
I saw a great example of that in Australia. The exchange rate was close to 1:1 last June when I was in Sydney. EVERYTHING cost more. Young people could not afford houses (even the shacks there went for over $300,000). The BIG news was that they’re claiming that people there can’t live on the minimum wage and that it should be raised FROM, as I recall, about $18 / hour. RAISING THE MINIMUM WAGE DOES NOT LIFT PEOPLE OUT OF POVERTY. It just moves the line as to what constitutes poverty.
Funny how anyone with experience on the business side has known this for decades.
Toldja
Was anyone saying it reduced poverty? I thought the emphasis was on people having money for food. Seriously, I don't think I've heard anyone say raising the minimum wage will reduce poverty.
Maybe marriage reduces the poverty rate and more women should try it before becoming mothers
Minimum wage was never meant to alleviate poverty, but to exacerbate it. The democrats get the votes for the “effort” but keep everyone in tatters so they’ll continue to be needed. It’s no secret.
See my post in #4
As a Property Rights Expansionist, I believe the solution is obvious.
The number and proportion of adults earning minimum wage has been increasing now for some time and has reached the critical mass now manifesting in protests and calls for a $15 minimum wage.
This critical mass of adults living on minimum wage has one primary problem. The elephant in their budgets is the cost of rent: Half of all low-income Americans spend at least half their income on shelter, according to Mortgage News Daily.
The obvious solution is to expand property rights and thereby allow the Invisible Hand of the marketplace and private sector to resolve the problem by increasing the supply of housing affordable to minimum wage earners.
A corollary to this is that government will never end homelessness; only the private sector can do so.
Marriage to another minimum wage earner generally does not enhance the economic position of single mothers.
Which is one reason why men earning minimum wage are undesirable as marriage partners, and one reason why calls for marriage as the way out of poverty don’t resonate with single parents.
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