Proponents of the minimum wage often cite it as a tool to uplift people from poverty. While most of these people have good intentions, their economic ignorance crushes economies in some places.
Influenced by the idiotic idea that the state can lift people out of economic turmoil, many states and cities are enacting laws that increase the minimum wage for their area. Seattle is one of these places.
Supporters of the new minimum wage expected it to give the support needed for the poor to lift themselves out of poverty and no longer use the state’s services helping them.
What actually happened will shock you.
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When people are going to their employers and asking them to cut their hours so that they can still receive government $#%&!@*istance, that should tell you all you need to know. They want higher wages, but they also want their handouts.
What a man believes upon grossly insufficient evidence is an index into his desires — desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way.
bertram Russel
http://m.snopes.com/seattle-15-minimum-welfare/
Do you understand 15. 00 a hour is really 30 dollars an hour for business . You have to match their SS , Medicare , unemployment taxes
Elton Chris Taylor I see you’ve also failed economics. There are 2 things that business owners take into account when minimum wage rises. #1 Cost of doing business(includes employee wages) and #2 Profit margin. Business owners in the past 30 years have figured out not only is it EASIER but it’s (currently) completely legal to p$#%&!@* the buck off to the consumer. They do this NOT because they can’t afford to pay higher minimum wages… But because they refuse to let their profit margins take a hit.
90% of businesses out there can afford to take in less profits to pay their employees a higher minimum. SO minimum wage does NOT cause inflation. It’s business owners shortsightedness to the fact that instead of only having 50 customers a week they could have 100 or more. People who have “extra” income tend to purchase more and buy things they really don’t necessarily need. But when people have to live week to week, check to check you get less spending.
So by raising prices they alienate buyers and instead of making $1000 from 100 customers ($10 each) they have to make it from 50 ($20 each). People don’t want to just survive barely making ends meet. That’s not living.
The point or the BIG PICTURE that everyone is MISSING and PURPOSELY being distracted from is that inflation comes from higher taxes and taxation PERIOD! Big Government is the real problem, NOT minimum wages.
People running for office that haven’t a clue about basic economics. Anytime government gets involved in the free market all they do is screw it up!! The free market determines what the wages are to be for a specific job. Minimum wage was designed for entry level work,and for teenagers working in the summer months. It was never meant to be a wage to live on.
Dawn Redman I see you’ve also failed economics. While your comment is definitely accurate it lacks the foundation of WHY. There are 2 things that business owners take into account when minimum wage rises. #1 Cost of doing business(includes employee wages) and #2 Profit margin. Business owners in the past 30 years have figured out not only is it EASIER but it’s (currently) completely legal to p$#%&!@* the buck off to the consumer. They do this NOT because they can’t afford to pay higher minimum wages… But because they refuse to let their profit margins take a hit. In order to maintain their magic % number they raise prices. Most publicly traded companies have this information available to anyone who asks. Pick your favorite store and see just how much profits they pull in any given quarter.
90% of businesses out there can afford to take in less profits to pay their employees a higher minimum. SO minimum wage does NOT cause inflation. It’s business owners shortsightedness to the fact that instead of only having 50 customers a week they could have 100 or more. People who have “extra” income tend to purchase more and buy things they really don’t necessarily need. But when people have to live week to week, check to check you get less spending.
So by raising prices they alienate buyers and instead of making $1000 from 100 customers ($10 each) they have to make it from 50 ($20 each). People don’t want to just survive barely making ends meet. That’s not living.
The point or the BIG PICTURE that everyone is MISSING and PURPOSELY being distracted from is that inflation comes from higher taxes and taxation PERIOD! Big Government is the real problem, NOT minimum wages.
Logan Norman, YOU Sir hit the nail right on the head! All these comments about Economics 101(by people who have NEVER taking it) and YOU (besides myself) are one of the few people who’ve commented that ACTUALLY get it. (Y) (Y) (Y)
Seattle is a hole
Then I guess raising minimum wage while our government is out of control is not real smart 🙂
JJ Vélez Sr. , that is what I said in more words than what is needed to explain the subject. I don’t disagree with you. Just as I don’t agree with the size of our over reaching government. Yes the companies can pull from the black margin to compensate for the red margin. P$#%&!@*ing it off to us, the consumer. The fact the CEO’s still maintain million dollar bonuses while laying employees off, it’s sickening. I can surmise our ages aren’t that far apart and like myself you’ve managed to move out of the minimum wage status. So the argument is…….what? You make more and the company you work for raises the outward rates to the consumer to compensate for your pay increases. Like I said the more I make the more you pay. Insults only insult a small closed mind. Basic economic inflation. When we as a nation produce so little compared to our consumption. Yes inflation is expected. You want to help with the economy? Buy all American and see what you can get.