republicans say increase in minimum wage will cost inflation, do they know we are experiencing inflation now?

Question

the price of goods has gone up without an increase in minimum wage, and when clinton increased it in 1996 there was NO RISE IN PRICES OF GOODS.

THE CONSERVATIVES ARGUMENT ON THIS SUBJECT IS FLAWED

Answer 1

You are correct. There was no IMMEDIATE rise in the prices of goods. But the problem with most Americans is that we don't understand the basics of the economy and how money works. Most times when economic decisions are made by the government, the results will not be felt until 5 to 10 years later. We are experiencing inflation now b/c of that decision that was made by Pres. Clinton and Congress(a Republican congress by the way) in '96. But I don't understand what other reason why we should have a minimum wage in the first place. I would like to know how it helps anyone. The market truly will bear itself out. Breadwinners will not accept a position that won't pay for their needs.

Answer 2

what are you talking about? you are spewing falsehoods all over the place......anytime wages go up, product costs go up....and yes, prices have gone up without the raise......but not all prices....you make the companies pay their employees 2 dollars more an hour, that is 16 more a day....per person....if you have 50 employees which get a raise, that is 800 dollars a day...if you are fast food, which is one of the most common minimum wage payers, that would mean they would have to make 4000 a day more....to make their 20% labor costs......obviously you have not a clue about anything to do with money.....and the government....if you did, I wouldn't ahve to be explaining this to you

Answer 3

that is not so, watch what happens when the minimum goes up, so will everything else because we are all greedy and want the extra bucks for ourselves. When my husband and I started out he made $66 a week as a parts runner and I made $38 working in a food processing plant. We seem to have had more spending money then than now.

Answer 4

It is ok to let oil prices inflat our economy but helping the poor isn't. See the very wealthy don't care about the people that do their dirty work. They will have elegals do it to save form paying minimum wage.

Answer 5

It causes job losses, nimrod, learn your economics. Increasing the minimum wage hurts small business owners, and causes people to lose jobs. But that's OK to liberals - they care nothing of the effects of their flawed policies, they just want to be able to say that they are doing something positive, even when it does the exact opposite...

Answer 6

Please show me where the constitution says the government may set wages in the private sector?

You can't? I didn't think you could because it isn't in there.

Now look at this.


Amendment X

"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

In case you can't recognize it, this the the 10th Amendment to the US Constitution. It limits the power of the Federal government to what is expressly in the Constitution. If it isn't in there, the Feds have no constitutional power to do it.

Answer 7

i think of reducing taxes for human beings yet particularly elevating them for companies is the answer. elevating minimum salary, whilst it sounds like its a win-win for each guy or woman, os quite not. A business enterprise' best price is exertions. by using elevating minimum salary you're helping a guy or woman out slighty, in simple terms slighty because of the fact quite a greenback an hour for an entire-time worker is $40 each and every week. in the previous taxes. After taxes it quite is greater or less $32 greenbacks each and every week. Thats not lots of something. yet elevating the minimum salary that a business enterprise has to pay could be unfavourable for them. fairly interior the not user-friendly financial cases we are in now. whilst issues get tight for a business enterprise the 1st subject they do is decrease workers hours or stress lay-offs which might placed human beings out of paintings and offset any stable elevating minimum salary did. I dont have faith increasing human beings's skills will do something in any respect. Unskilled exertions is extremely something it quite is mandatory interior the international. it quite is the bread and butter of what we live for. to boot in case you basically started handing out unfastened college to everybody interior the rustic that needed it, faculties throughout might become extreme college. all of us comprehend how helpful extreme college is. college and commerce faculties are already made accessible for people who cant have adequate money it and that desire to paintings not user-friendly and instruct that they are in it for the long-term. We cant stress unskilled workers to desire to check something they dont desire to.

Answer 8

well, David, my guess is that they will say that the war is a justified expense, whereas our own citizens need to fend for themselves. I can't wait for an administration that cares more about Americans, than about other countries (who, by the way, don't want our help)

Answer 9

and yet these guys keep voting their pay raises

Answer 10

so printing more money helps how?