Mooninites wrote:
no wonder obama got elected, people are ****ing dumb
Yeah, it couldn't possibly be anything else.
Because raising minimum wage doesn't actually help the economy.
Think about it. If the lowest salary workers get doubled income, all it means is that companies will double prices. There's no actual benefit to doubling salary b/c you won't get increased purchasing power; you will continue to be able to afford only what you currently afford.
Think about it. If the lowest salary workers get doubled income, all it means is that companies will double prices. There's no actual benefit to doubling salary b/c you won't get increased purchasing power; you will continue to be able to afford only what you currently afford.
DKitten wrote:
Because raising minimum wage doesn't actually help the economy.
Think about it. If the lowest salary workers get doubled income, all it means is that companies will double prices. There's no actual benefit to doubling salary b/c you won't get increased purchasing power; you will continue to be able to afford only what you currently afford.
Doubling minimum wage doesn't mean doubling everything, in this case, just +$15.

That's double minimum wage. If you're making an extra $7.50 an hour, and Good A costs you 8 hours at a $7.50 an hour wage...it's not gonna cost you 4 hours. Why? Because that item is worth 8 hours of your time to purchase and companies are gonna capitalize on that. Why will they capitalize? They need to pay their employees in addition to their top-of-the-tree members.
DKitten wrote:
That's double minimum wage. If you're making an extra $7.50 an hour, and Good A costs you 8 hours at a $7.50 an hour wage...it's not gonna cost you 4 hours. Why? Because that item is worth 8 hours of your time to purchase and companies are gonna capitalize on that. Why will they capitalize? They need to pay their employees in addition to their top-of-the-tree members.
That logic obviously applies but you were extrapolating to every salary and therefore every good.

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People want to double minimum wage....
no wonder obama got elected, people are ****ing dumb