5b4fff44   
   XPost: alt.society.liberalism, alt.atheism, talk.politics.guns   
   From: me4guns@verizon.removeme.this2.nospam.net   
      
   "Jeanne Douglas"  wrote in message   
   news:hlwdjsd2-E81DEE.19204701032013@c-131-121-196-216.gonavy.usna.edu...   
   > In article   
   > ,   
   > Jason@nospam.com (Jason) wrote:   
   >   
   >> In article , "Scout"   
   >>  wrote:   
   >>   
   >>   
   >> > >>>> Sometimes.  But then when the wages go up so do the prices of the   
   >> > >>>> goods and services you wish to buy because they now cost more to   
   >> > >>>> produce.  Then your gain was only temporary.   
   >> > >>>>   
   >> > >>>> Raising minimum wage affects a lot more people than just those at   
   >> > >>>> the   
   >> > >>>> very bottom.   
   >> > >>>>   
   >> > >>> That's why it's called a spiral. One thing affects the other.   
   >> > >>   
   >> > >> Yep.   
   >> > >>   
   >> > > One difference is that higher wages create higher demand for products   
   >> > > and   
   >> > > service. Higher prices do not.   
   >> >   
   >> > And do you think higher wages can occur without higher prices in the   
   >> > products and services so as to pay for that higher wage?   
   >>   
   >> Good question--the answer is that we will have higher prices in the   
   >> products and services so as to pay for that higher wage.   
   >>   
   >> I was employed by Long John Silver's Seafood Shoppe when the minimum wage   
   >> was increased. The prices charged for every item on the menu were raised   
   >> as a direct result of the increased minimum wage.   
   >   
   > So what?   
      
   So as minimum wage goes up, the cost of living goes up, eliminating the   
   benefit of an increased minimum wage. All it has the effect of doing is   
   causing greater inflation.   
      
   You have more money, but it's worth less....net result, nothing has changed.   
   All you've done is drag people who worked to get ahead down by making the   
   reward for their efforts worth less in value.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)