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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Christopher Rigelon. Could you explain to me how the raise in minimum wage would not effect the price of goods and services? You’ve seem to have lost me there. I think you may be under the impression that companies will be willing to see there profit margins shrink do to having to pay their workers a higher wage. When in fact what will happen is they will simply raise the prices of their goods to keep their profit margins the same, which would make the raise in wage pointless
JUST LIKE GREECE
This is what minimum wage was started for. Now tell me if you can do this, working 40 hrs a week, by yourself… You can’t! Straight from the man’s mouth, that signed, minimum wage into law. You can argue with facts all you want but it’s still never changes.
And they thought that bribery would change slothy behavior.These arent 12 yr olds theyre dealing with-its adults who know what they want-more money,less responsibilities.The idiot ‘officials’ got outsmarted by high school flunkies
remember– you can’t fix stupid!!!!
Google “workers get their $15 minimum wage, ask for fewer hours as to not lose their gov’t benefits”
Sure…huge corperations can afford it. But how about small/upstart business owner? There are only roughly 18,000 “evil corporations”, many being stores owned by locals paying to use their name and resources. Small businesses run in the tens of millions…employing (I’ve seen, but haven’t verified) over 50% of the workforce. They are the one$#%&!@* hardest by this…for they CANNOT afford to DOUBLE their employees pay, on a whim, for no added earnings of said employees. When they go out of business, that means corporations get their share of the market. And less compe$#%&!@*ion means more control of the market. This is bad for consumers.
I agree that big gov is the problem. And them arbitrarily raising min wage without raising minimum skills gotten from education is a perfect example of gov’t intrusion. It’s a flashy idea but misguided…and easy to use to pander the votes of the poor. What we need is less taxation on the people, and more importantly, less regulations on businesses. Make it cheaper and easier to start/own a business; this will foster compe$#%&!@*ion, making goods cheaper. Combine this with less taxes on the people, giving them more to spend, and the minimum wage is inconsequential.
We also have to stop confusing luxuries with basic human needs. All humans NEED to live is food, air, and water…THAT IS IT. Millions of people the world over live with little more than this…by choice…and are perfectly happy with it. When did a four bedroom house, a new car, designer clothes, internet, smartphones, etc., become basic human rights and not luxuries to be worked for??? What’s next…
Seattle’s unemployment rate went down roughly 1.5-2%. Pages like this make americans ever more ignorant.
Lmao^ more conservative economic ignorance.