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Old May 26th, 2016, 11:35 AM   #11
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In 1969 the min wage was in today's money $16 an hour. All those fat food joints and small businesses did just fine. Every time there's been a discussion of wage hikes we hear the exact same arguments. The truth is, is half the cases unemployment went up slightly and in the other half it went down slightly.

But here is the issue. Had min wage, like CONGRESSIONAL PAY and Social Security been tied to inflation, it would be $16 an hour today. It's less than half that. This is whats wrong with the economy. It;s what wrong with the federal and state budgets. The tax base is NOT RISING. As the price of everything else goes up and wages stay the same, people have less money to spend. Lower sales mean less income for local and state governments. Stagnant wages mean less income at the federal level.

We've reached the point where most working Americans can't afford many of the products and services they make. We need to raise wages and bring manufacturing back to this country.
Raising everyone's wages just makes everyone's money worth less. It's a catch 22.
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Old May 26th, 2016, 11:47 AM   #12
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How's that Washington state $15 an hour thing working out? Remember that one? The one that was suppose to lift people out of poverty. How's that working out?
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Old May 26th, 2016, 11:50 AM   #13
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In 1969 the min wage was in today's money $16 an hour. All those fat food joints and small businesses did just fine. Every time there's been a discussion of wage hikes we hear the exact same arguments. The truth is, is half the cases unemployment went up slightly and in the other half it went down slightly.

But here is the issue. Had min wage, like CONGRESSIONAL PAY and Social Security been tied to inflation, it would be $16 an hour today. It's less than half that. This is whats wrong with the economy. It;s what wrong with the federal and state budgets. The tax base is NOT RISING. As the price of everything else goes up and wages stay the same, people have less money to spend. Lower sales mean less income for local and state governments. Stagnant wages mean less income at the federal level.

We've reached the point where most working Americans can't afford many of the products and services they make. We need to raise wages and bring manufacturing back to this country.
lower taxes. stop inflation by not creating trillions of new dollars. reduce the red tape stifling the creation of small businesses. the dollar to day is worth almost 50% less than it was in 2000.

a blanket artificial wage increase for the entire nation on the federal level will damage already fragile economies in lower income areas. small business will not be able to compete and will be consumed by corporations.

most of the issues that we are facing that are being assigned to be an issue of the minimum wage being to low are a direct result of the government involvement and mismanagement of the money supply.

wages have gone up. dishwashers are now being paid about the same as i was for my first management job. i was in my early 20s w/ more money than i should have had at the time. sweet apartment, new car and plenty of extra money for poker, coke and girls.

the median income of mississippi is like $35k what happens when you make the minimum wage there suddenly $30k?
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Old May 26th, 2016, 12:14 PM   #14
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Raising everyone's wages just makes everyone's money worth less. It's a catch 22.
Gee, why don't we just all show up for work tomorrow and tell the bosses, "gee, just pay me whatever you'd like to, we wouldn't want to cause inflation by making more money and FORCING you to raise your prices because God knows YOU aren't going to accept the same or less profit."
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Old May 26th, 2016, 12:31 PM   #15
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Gee, why don't we just all show up for work tomorrow and tell the bosses, "gee, just pay me whatever you'd like to, we wouldn't want to cause inflation by making more money and FORCING you to raise your prices because God knows YOU aren't going to accept the same or less profit."
Wages are direct line with the amount of expertise needed for the job. An entry level job should only pay the going rate. If that amount starts to exceed that businesses ability to generate enough business to compete with others in the same field then that wage hike will not self fund. Corporate business can, to a small degree, handle a wage hike. Small business cannot. Their profit margins are to small to support drastic wage hikes.
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Old May 26th, 2016, 12:44 PM   #16
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Wages are direct line with the amount of expertise needed for the job. An entry level job should only pay the going rate. If that amount starts to exceed that businesses ability to generate enough business to compete with others in the same field then that wage hike will not self fund. Corporate business can, to a small degree, handle a wage hike. Small business cannot. Their profit margins are to small to support drastic wage hikes.
Bullshit. The vast majority of employers will not pay one more dime than they have to. The amount of expertise required to do the job adequately has little to nothing to do with it.
If the job requires the expertise of a trained chemical engineer and an experienced American one will cost the employer $75,000.00 he will move heaven and earth to get a green card for a chemical engineer he can hire in China that will work for 1/2 that or less.
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Old May 26th, 2016, 01:09 PM   #17
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Bullshit. The vast majority of employers will not pay one more dime than they have to. The amount of expertise required to do the job adequately has little to nothing to do with it.
If the job requires the expertise of a trained chemical engineer and an experienced American one will cost the employer $75,000.00 he will move heaven and earth to get a green card for a chemical engineer he can hire in China that will work for 1/2 that or less.
And that is why manufacturing is based in south east Asia. You can not be both pro free trade and supportive of manufacturing returning to america because those two things conflict with one another. In order to increase manufacturing in America you have to be a protectionist.

Not that it will do any good considering jobs will be automated at some point anyways. There's no solution to this crisis that involves the status quo. It's just a fact of life. Labor and industry are different in the 21st century and that brings with it problems that don't have answers right now.
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Old May 26th, 2016, 01:19 PM   #18
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And that is why manufacturing is based in south east Asia. You can not be both pro free trade and supportive of manufacturing returning to america because those two things conflict with one another. In order to increase manufacturing in America you have to be a protectionist.

Not that it will do any good considering jobs will be automated at some point anyways. There's no solution to this crisis that involves the status quo. It's just a fact of life. Labor and industry are different in the 21st century and that brings with it problems that don't have answers right now.
i heard a good argument the other day about replacing the income tax with large tariffs. it came from some one who was against taxes in general, but if given the option between the two tariffs wins.

large tariffs would slow imports and increase their prices making it more economically viable to produce them in the states. creating jobs to meet the demand at the same time keeping the cash flow inside the nation. also using the tariffs to replace the cash flow of the income tax would allow the citizens to keep more of their wealth adding more to the economy.
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Old May 26th, 2016, 02:53 PM   #19
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i heard a good argument the other day about replacing the income tax with large tariffs. it came from some one who was against taxes in general, but if given the option between the two tariffs wins.

large tariffs would slow imports and increase their prices making it more economically viable to produce them in the states. creating jobs to meet the demand at the same time keeping the cash flow inside the nation. also using the tariffs to replace the cash flow of the income tax would allow the citizens to keep more of their wealth adding more to the economy.
Yeah but then all the other countries slap big tariffs on our goods and we wind up in a trade war.
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Old May 26th, 2016, 02:55 PM   #20
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Any Business Person knows that the Wage is just the tip of the ice berg.
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