Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
$15 an hour minimum wage.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="brett636" data-source="post: 1329935" data-attributes="member: 249"><p>Perhaps in the short term you would be right that people would have more money to spend. The problem comes in when the rules of economic inflation kick in where you have more people with more money the cost of everything rises accordingly. A $15/hr. minimum wage puts more money into people's pockets, atleast to those who remain employed, but it doesn't increase the scarcity of resources in the economy. So with more people having more money means that for supply and demand to remain in balance prices rise so that the correct level of goods and services continue to be available to those who want and need them. This is why a minimum wage is unnecessary due to the economic forces that dictate what minimum wage is required to attract workers to those low level jobs. I am not even beginning to touch the issue of employers having their wage expenses rise needing to compensate for that increase by either increasing prices or reducing staffing. Again a major issue with minimum wage laws. It sure does make those politicians look benevolent by telling your evil employer that you are now worth more and you must be paid more all the while ignoring the consequences of such demands.</p></blockquote><p></p>
[QUOTE="brett636, post: 1329935, member: 249"] Perhaps in the short term you would be right that people would have more money to spend. The problem comes in when the rules of economic inflation kick in where you have more people with more money the cost of everything rises accordingly. A $15/hr. minimum wage puts more money into people's pockets, atleast to those who remain employed, but it doesn't increase the scarcity of resources in the economy. So with more people having more money means that for supply and demand to remain in balance prices rise so that the correct level of goods and services continue to be available to those who want and need them. This is why a minimum wage is unnecessary due to the economic forces that dictate what minimum wage is required to attract workers to those low level jobs. I am not even beginning to touch the issue of employers having their wage expenses rise needing to compensate for that increase by either increasing prices or reducing staffing. Again a major issue with minimum wage laws. It sure does make those politicians look benevolent by telling your evil employer that you are now worth more and you must be paid more all the while ignoring the consequences of such demands. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
$15 an hour minimum wage.
Top