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Bill Would Tie NY Minimum Wage To Inflation
The Auburn Citizen auburn.com ^
| September 3, 2022
| Joe Mahoney CNHI state reporter
Posted on 09/07/2022 1:24:26 AM PDT by imardmd1
(Note: Test article from Aubrn, NY daily nrewspaper "The Citizen"; you may read the text or hear the audio of it from this site)
TOPICS: Business/Economy; Government
KEYWORDS: inflation; minimumwage; nylegislation; statelaw
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Democrat legislators in Albany are planning to submit legislation that forces state minimum to follow inflation increases without ongoing legislative examination and approval. The upstate minimum wage is already almost twice the federal minimum hourly wage.
1
posted on
09/07/2022 1:24:26 AM PDT
by
imardmd1
To: imardmd1
Correction:
The web site above is auburnpub.com; not "auburn.com" as in the header mistakenly.
2
posted on
09/07/2022 1:40:45 AM PDT
by
imardmd1
(Fiat Lux ["Let there be Light, God's Light"])
To: imardmd1
Forced wage increase = inflation = forced wage increase = inflation = forced wage increase = inflation.. Rinse and repeat.
To: imardmd1
Oh crap, between Joe Stealin’s borrowing and the recursive effect of the law itself, it’ll be $100/hr by Christmas!
4
posted on
09/07/2022 2:04:52 AM PDT
by
Still Thinking
(Freedom is NOT a loophole!)
To: imardmd1
Following California’s lead, NY is dead set on committing economic suicide.
To: imardmd1
To The Moon, Alice!!!
To: imardmd1
...and thus causing more government created inflation.
7
posted on
09/07/2022 2:24:13 AM PDT
by
joma89
(Buy weapons and ammo, folks, and have the will to use them.)
To: imardmd1
The “Robot Full Employment” Act.
8
posted on
09/07/2022 2:32:02 AM PDT
by
freedumb2003
(What’s the point in drumming up anarchy if you don’t use it to promote tyranny. /BenLurkin 12/21)
To: neverevergiveup
Why not “tie” Federal deficit spending to inflation, so the circle will be complete...
9
posted on
09/07/2022 2:56:59 AM PDT
by
4Liberty
(On Jan 6th: Trump’s OWN F.B.I. plotted against him.)
To: imardmd1
10
posted on
09/07/2022 3:24:07 AM PDT
by
Sooth2222
(“Toute nation a le gouvernement qu’elle mérite.” ("Every nation has the government it deserves.”) )
To: imardmd1
These elected officials need to be taken to the shed
To: imardmd1
Ever heard of positive feedback? Better known as the snowball effect? Inflation causes wages to rise which causes inflation, which causes wages to rise which causes inflation, which causes wages to rise,... ad infinitum.
Price controls do nothing to increase productivity, which is the correct answer if we want to improve people’s standards of living we need to improve productivity. People who operate computers and backhoes get more done than people who operate pencils and shovels.
To: Lonesome in Massachussets; Allegra
I have been told here the reason companies cant find workers is because wages are too low, not because people are too damn lazy and would rather live on the dole.
So what is it?
To: neverevergiveup
Forced wage increase = inflation = forced wage increase = inflation = forced wage increase = inflation.. Rinse and repeat.
The same politicians will simply ban price increases - the combination of automatic wage increase for inflation and a cap on prices will create economic nirvana/s
14
posted on
09/07/2022 4:08:24 AM PDT
by
rdcbn1
To: imardmd1
This is a good thing. Takes this divisive issue off the table.
15
posted on
09/07/2022 4:09:53 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: imardmd1
and so then we get wage push inflation, as in the 70s.
16
posted on
09/07/2022 4:10:08 AM PDT
by
oblomov
To: joma89
Wages are NOT causing inflation. Wages are so suppressed I wonder why there hasn’t been a revolution.
17
posted on
09/07/2022 4:10:35 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Lonesome in Massachussets
Bull. Increases in wages cause inflation at the margins. Frankly most of what we by buy little labor goes into it. Even fast food labor is only 30-35% of total cost to the retail consumer.
18
posted on
09/07/2022 4:12:22 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: FreshPrince
The reason companies cannot find workers is because the government is paying them exceeding well to not work, mostly through Covid emergency spending programs that are never going to end.
The compensation exceeds that of a person working a $40-50K per year job - more if they know how to game the system. And they do.
19
posted on
09/07/2022 4:12:58 AM PDT
by
rdcbn1
To: imardmd1
20
posted on
09/07/2022 4:26:26 AM PDT
by
jdege
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