Yes. Prices will rise if you increase wages. You just have to make sure that the rise in wages is enough to counter the rise in prices.

(April 15, 2014 at 2:05 pm)Chad32 Wrote: A wage that keeps up with inflation, so that minimum wage is something that people can live off of. If you need multiple jobs or long hours to make ends meat off of minimum wage, then what's the point of minimum wage?

How many hours would be acceptable? I'd like work, free time, and sleep. Eight hours of each fits nicely into a twenty four hour day.

What's the point of minimum wage?

To protect the white man's ability from getting his wages diluted by cheaper black labor. That's an argument that was made for minimum wage back when black unemployment was equal or sometimes even lower than white unemployment. After minimum wage was implemented black unemployment shot up and has been substantially higher ever since.

Which effectively circumvents the emergent problems of wages being lower than the cost of living with a feel-good message of hand-outs to the poor and destitute, nevermind that they never would have been poor and destitute had their employers paid them what their labor was worth in the first place.

(April 15, 2014 at 11:20 pm)Rampant.A.I. Wrote: Which effectively circumvents the emergent problems of wages being lower than the cost of living with a feel-good message of hand-outs to the poor and destitute, nevermind that they never would have been poor and destitute had their employers paid them what their labor was worth in the first place.

Why is everything else in life only worth what people are willing to pay for it.....except labor?

The republibertarianeo-conazi idea of heaven.... courtesy of the shitstains at FOX, of course!

http://www.rawstory.com/rs/2014/04/15/fo...orks-hard/

Quote:Fox News host Eric Bolling and most of his colleagues on The Five dismissed seemingly the whole idea of a balance between life and work on Tuesday, with Bolling suggesting that the U.S. look to China, and not Europe, for inspiration.

“Some of the economies that are starting to kick our butt, those people work hard,” Bolling said. “There aren’t labor laws, there aren’t minimum wages, they’re working harder than we are.”

“That’s what we should have — no labor law and no minimum wage,” co-host Bob Beckel countered. “They work for a dollar a week.”

$1 a week? Just think how much the greedy corporate criminals could make then!

Heywood is either extremely wealthy or duped. Or possibly both?

(April 16, 2014 at 9:41 am)Pickup_shonuff Wrote: Heywood is either extremely wealthy or duped. Or possibly both?

Negative Pickup

A minimum wage will always price some labor out of the market. If you are going to implement or raise a minimum wage you should at least realize that it will hurt some employee/potential employees.

I haven't been duped. The duped are the people who think there are no ill effects caused by a minimum wage.

(April 16, 2014 at 9:50 am)Heywood Wrote:

(April 16, 2014 at 9:41 am)Pickup_shonuff Wrote: Heywood is either extremely wealthy or duped. Or possibly both?

Negative Pickup

A minimum wage will always price some labor out of the market. If you are going to implement or raise a minimum wage you should at least realize that it will hurt some employee/potential employees.

I haven't been duped. The duped are the people who think there are no ill effects caused by a minimum wage.

There are always risks and ill effects in every policy. But there's no statistical evidence that it has much of a hazardous effect in the long run and actually quite a bit of counter evidence. Just look at our history in the US. When the minimum wage was instated and wages increased it helped create one of the most profitable times we have ever had (winning the Second World War helped too). Only since the gap between rich and poor has been growing again has the economy sunk nearly as low as it did during the Great Depression. I say you're duped because unless you're super rich, you're fighting on the wrong side. You should want more equality in pay too unless you're already on the high receiving end.

(April 16, 2014 at 10:03 am)Pickup_shonuff Wrote:

(April 16, 2014 at 9:50 am)Heywood Wrote: Negative Pickup

A minimum wage will always price some labor out of the market. If you are going to implement or raise a minimum wage you should at least realize that it will hurt some employee/potential employees.

I haven't been duped. The duped are the people who think there are no ill effects caused by a minimum wage.

There are always risks and ill effects in every policy. But there's no statistical evidence that it has much of a hazardous effect in the long run and actually quite a bit of counter evidence. Just look at our history in the US. When the minimum wage was instated and wages increased it helped create one of the most profitable times we have ever had (winning the Second World War helped too). Only since the gap between rich and poor has been growing again has the economy sunk nearly as low as it did during the Great Depression. I say you're duped because unless you're super rich, you're fighting on the wrong side. You should want more equality in pay too unless you're already on the high receiving end.

I think there is a lot of evidence that the minimum wage severely hurt the black community.

And really if you want to decrease the disparity between the rich and poor, don't meddle with the market. Just take money from the rich and give it to the poor through a progressive tax rate that includes negative income tax brackets(although I would do away with brackets and replace it with a continuous function).

(April 16, 2014 at 10:10 am)Heywood Wrote: Just take money from the rich and give it to the poor through a progressive tax rate

Totally down.