BoJester

Too many low-paying jobs. 63 million pay between $10 and $20 an hour.

If the "minimum" wage was raised, there would a huge infusion of money into the economy by those low end workers, which would benefit small and medioum business by selling more.

Inflation is at a low over-all rate, and increased buying power would outpace price increases.



http://money.cnn.com/interactive/economy/us-jobs-wages/?iid=HP_LN

jay-are

How can buying power outpace price increases? It doesn't happen just cause you say it will.

Every penny paid in salaries, is factored into the cost of goods and every penny increase in cost is passed on to consumers with profit added on. That is how business determines prices. There is no way that buying power can outpace price increases. You are dreaming. What you are stating is a belief, not economic reality.

Nickolai

prices are not based on cost. They are based on what ever the traffic will bear. In SF Bay Area in the 1980's the Republicans successfully crushed the housing construction unions and by 1992 $7.50 per hr in Health,Vacation, Pension, benefit's had been wiped out . But housing prices continued to climb. Where did that $7.50 per $15 thousand per year go ? In who's pocket ? in 1962 every housing construction worker could afford to buy a starter home, by 1992 none could. Today homes are built only for the wealthy and affluent The workers mostly immigrants living two, three families to a two bedroom rented house in the barrio.

saveamerica Loc: Texas

Come on Bo. We have talk about this twice before and nothing has change.

Again you are wrong. You will not get a infusion of money when they raise the minimum wage. Every time the Minimum Wage has been raised the cost of living goes up as well. Business just pass the cost on to you, so the Minimum Wage people don't get a raise do to their higher cost, the bad part, everybody get the same increase in cost so the people that makes more than Minimum Wage loses spendable income.

Maybe, someday Bo will understand how America and the economy works, but I dealt it.

jay-are

If they build a house at a cost of $100,000 they will sell it for more than $100,000. If they sell it for $90,000 dollars, they will not be making any more houses. So your assertion that prices are not based on cost is nonsense. Of course the price must be greater than the cost!!

In some industries, the prices are significantly higher than the cost, and there is a lot of profit to be made in those businesses, and there may be some who hoard more profit and short their workers in the process. But there are many other industries with very narrow profit margins, and any increase in cost will cause a commensurate increase in price. If we keep damaging the economy, more profit margins are going to shrink, and everyone will suffer more.

alex Loc: michigan now imperial beach californa

alex Loc: michigan now imperial beach californa

so get off your ass, get an education, and get rich but you will never do it by d**gging everyone else down to your level

She Wolf Loc: Currently Georgia

:thumbup: :thumbup: :thumbup: :thumbup: :thumbup:

Nickolai

Down to my level?
I'm a retrired Construction Contractor. son of tennant farmers during the great Depression. The FDR New Deal of the 1930's gave my generation a hand up not a hand out. I was able to buy the kind of homes I worked on thanks to union pay and eventually barrow from the equity to start my own buisness and become a capitalist pig too. The New Deal gave me a hand up not a hand out, an oppertunity to work hard for decent pay. And build a decent retirement unlike the old day;s when working people just got old and died in their tar paper shacks


Republicans and conservatives have unwound most of the New Deal over the last 30-35 years
we have now reverted to the past when any increase in productivity is distributed to the modern aristocracy the Corporate excutives and the conservatives who blindly support them

jay-are

So your solution is to take away what people have and give it to unwed mothers so they can sit at home and produce more babies so they can qualify for more money. That is a great solution.

Nickolai

We need better education, training programs, give a man a fish he'll eat for a day teach him to fish he can feed himself, End the war on drugs, remove the profit and you remove the problem.
Legalize prostitution elinimate the pimps and trafikers, provide safe disease environment for all sex workers.

Order the two trillion dollars of profit sitting off shore avoiding US taxation be re-patriated or have their products barred from the US. Start a FDR style jobs program rebuilding our crumbling infrastructure Give severe penalties to any business hiring or having on their pay roll an Un documented alien. Tax religious organizations the same as any other business. Require the two major political parties and two minor parties to choose a qualified candidate and publicly fund their campaigns. Require the Media furnish equal free time for every dollar spent of taxpayers money on advertisement. Chop the Pentagon in half, shrink our military base empire from the 750 to 1000 bases strung around the world in 132 countries Educate and encourage the American people of the importance of saving and financing our affairs ourselves. Move as quickly as possible to adopt renewable energy resources and put a stop to the burning of f****l f**l and fracking the country to hell. Need I go on or do you get the idea

alex Loc: michigan now imperial beach californa

how about we just kick all the commucrats out of our schools and go back to educating our kids instead of brain washing them

Nickolai

Listen I was educated in public school and was not brainwashed. Not long after graduatring from high school I became a conservative libertairian and regesterd Republican. I'm embarrased to admit it took me 30 years to wake up and smell the coffey and realize I had been v****g all those years against the economic interest of my childern and grand children. It wasn't much longer I realized the Republican party was being taken over by the crazies.

alex Loc: michigan now imperial beach californa

I went to a two room school so I knew four years ahead what I was going to be taught, when I was in the in the fifth grade the eighth grade had to learn the Gettysburg address and the preamble to the constitution but by the time I got there they were no longer teaching it and that was 1954 when Johnston took over in 1964 it really started going down hill that's when they started consolidating all the school districts and the federal govt. took control of them

Nickolai

The history of the role of the federal government in public education dates to 1785. The history of conservative's attempting to undermine public education dates to the Brown vs Board of Education (1954) that declared separate schools for black and white students was unconstitutional. In 1962 the Justices ruled that Prayer had no place in the class room and violated the establishment clause of the first amendment this is the reason that conservatives believe that the Federal Government had taken over the schools.