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
What happens if minimum wage goes up?
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="Mugarolla" data-source="post: 1765574" data-attributes="member: 8481"><p>It will not make it easier to pay the basics and survive.</p><p></p><p>Companies that have to start paying $5-$6/hr more are not going to eat those costs. They are going to raise the price of their goods and services to cover those costs.</p><p></p><p>So your jump in minimum wage will just be enough to cover those increased prices for the basics. </p><p></p><p>You will be making more, but paying higher prices. You're going to be exactly where you were at. </p><p></p><p>The big losers will be the people making more than minimum wage. They will not get a raise but the price for goods and services will go up to cover the increase in minimum wage.</p><p></p><p>Essentially, a raise in minimum wage is a pay cut to most people, and a break even to the minimum wage earner.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1765574, member: 8481"] It will not make it easier to pay the basics and survive. Companies that have to start paying $5-$6/hr more are not going to eat those costs. They are going to raise the price of their goods and services to cover those costs. So your jump in minimum wage will just be enough to cover those increased prices for the basics. You will be making more, but paying higher prices. You're going to be exactly where you were at. The big losers will be the people making more than minimum wage. They will not get a raise but the price for goods and services will go up to cover the increase in minimum wage. Essentially, a raise in minimum wage is a pay cut to most people, and a break even to the minimum wage earner. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
What happens if minimum wage goes up?
Top