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Thread: Boosting the economy from the bottom up

  1. #31
    RNG
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. RNG,

    No, you said you disagreed with me, then presented a statement in defense of my position.

    That's why there was the big question mark in my post.
    You missed the "with the foresight of a gnat" part.

  2. #32
    RNG
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    Quote Originally Posted by TNVolunteer73 View Post
    you do understand that many food service workers are EXEMPT from Minimum wage laws, because they work for tips.. many make as little as $3.00/hour + Tips.
    I'm not the one who brought up the food services that were supposedly decimated by Seattle's min wage increase.

  3. #33
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    Minimum Wage is politicians telling the citizens "you're too stupid to place a value on your time"

  4. #34
    Scucca Æthelfrith's Avatar
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    Quote Originally Posted by webrockk View Post
    Minimum Wage is politicians telling the citizens "you're too stupid to place a value on your time"
    At worst, the minimum wages re a correction for monopsonistic power. That accounts for why they can increase wages and employment. At best, its a crucial part in restructuring the macroeconomy and shifting resources towards employment associated with higher training levels.

  5. #35
    Bizarroland Observer Thx1138's Avatar
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    Yes, it's as simple as "more money in more hands" and then the consumer is left to make their own choices...

    A lot of Chinese products are bought because they are so cheap and is often the only one the working poor can afford...

    So there is a vicious cycle: If the working poor made more money they could buy better products.

    And it can go the other way... (Consider Switzerland...)

    The minimum wage needs a cost of living adjustment... this way wages will better keep up with inflation, it would be the law so no fingers can be pointed, and the increase would be very gradual, no great upheaval to business.

    But, the greed of the few outweighs the needs of the many, that's um, "democracy" in corporate fascist aMEEErica.

    Thx
    Last edited by Thx1138; 14th June 2017 at 05:21 PM.

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