XPost: alt.society.liberalism, alt.atheism, talk.politics.guns   
   From: markp@NOSPAMmail.com   
      
   On 3/2/2013 11:53 AM, RD Sandman wrote:   
   > Jeanne Douglas  wrote in   
   > news:hlwdjsd2-F00C22.23120201032013@c-131-121-196-216.gonavy.usna.edu:   
   >   
   >> In article   
   >> ,   
   >>   Jason@nospam.com (Jason) wrote:   
   >>   
   >>> In article   
   >>> ,   
   >>> Jeanne Douglas  wrote:   
   >>>   
   >>>> 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?   
   >>>   
   >>> It harms the economy.   
   >>   
   >> It has NEVER harmed the economy every time it's been raised before, so   
   >> why all of a sudden would it do so now?   
   >>   
   >   
   > Then why does a Burger King $1 burger now cost $1.29?  Why does a new   
   > Chevy Camaro selling for $3,700 about three decades ago now cost #37,000?   
   >   
   Wow! Good point. Three decades ago the minimum wage was $3.35 per   
   hour. Now it's $7.25. The Camaro went up 10 times while the minimum   
   wage went up about 2¼ times. Perhaps it's not the minimum wage that's   
   caused the increase.   
      
   --- SoupGate-Win32 v1.05   
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