XPost: alt.society.liberalism, alt.atheism, talk.politics.guns   
   From: markp@NOSPAMmail.com   
      
   On 3/2/2013 2:25 PM, RD Sandman wrote:   
   > Dakota  wrote in news:kgthkb$6db$1@dont-email.me:   
   >   
   >> 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.   
   >   
   > I have not claimed it has been the only determiner of prices.  I have   
   > only said that wages (minimum or not) are a contributor to the prices of   
   > items and that raising those wages increases the cost of producing that   
   > product or service.   
   >   
   Of course. Raising wages does contribute to the inflationary spiral.   
   What I'm objecting to is the nonsense that it is higher wages that   
   have destroyed the economy. That claim is used to bash the labor   
   unions who were instrumental in making this nation an industrial   
   superpower.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)