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How does minimum wage really work?
Oct 25, 2016 09:09:40   #
no propaganda please Loc: moon orbiting the third rock from the sun
 
A quick explanation of minimum wage and what it really does to the economy and low wage workers.

http://www.prageru.com/courses/economics/how-does-minimum-wage-work

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Oct 25, 2016 09:16:44   #
Super Dave Loc: Realville, USA
 
Everyone that's signed the front of a paycheck knows exactly how it works.

You also have to consider others.

When prices on food and services rise to pay for the minimum wage increase, what happens to people in fixed incomes?

Food Stamps will buy less food.

Social Security checks will but less food, clothing, heat, electricity, gas.

But liberals know that. They just don't care.

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Oct 25, 2016 09:22:07   #
no propaganda please Loc: moon orbiting the third rock from the sun
 
Super Dave wrote:
Everyone that's signed the front of a paycheck knows exactly how it works.

You also have to consider others.

When prices on food and services rise to pay for the minimum wage increase, what happens to people in fixed incomes?

Food Stamps will buy less food.

Social Security checks will but less food, clothing, heat, electricity, gas.

But liberals know that. They just don't care.



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Oct 25, 2016 10:08:05   #
mcmlx
 
no propaganda please wrote:
A quick explanation of minimum wage and what it really does to the economy and low wage workers.

http://www.prageru.com/courses/economics/how-does-minimum-wage-work



Hi npp!!
Good to see you back, up and running.
SWMBO has done an excellent job of keeping us updated on your recovery.

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Oct 25, 2016 10:37:17   #
EL Loc: Massachusetts
 
no propaganda please wrote:
A quick explanation of minimum wage and what it really does to the economy and low wage workers.

http://www.prageru.com/courses/economics/how-does-minimum-wage-work


It's SO simple. Why do they not get this???

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Oct 25, 2016 10:50:47   #
Super Dave Loc: Realville, USA
 
EL wrote:
It's SO simple. Why do they not get this???


Children want to believe in Santa Clause.

Children want to think that when you give people things that they don't earn that it's all upside. They don't wonder who had to sacrifice for the free stuff.

Children don't ask how Santa paid for the stuff he gives out.

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Oct 25, 2016 12:58:15   #
mcmlx
 
Super Dave wrote:
Children want to believe in Santa Clause.

Children want to think that when you give people things that they don't earn that it's all upside. They don't wonder who had to sacrifice for the free stuff.

Children don't ask how Santa paid for the stuff he gives out.



I asked. Never got an answer.

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