Persactly!! - Economics

Posted: Jan 2nd, 2018 - 4:27 pm In Reply to: No, prices went up AFTER minimum wage - increased

Raising the minimum wage results in DECREASED BUYING POWER since the price of everything goes up!

My state raised its minimum wage a couple of years ago. Guess what happened?

Local diners posted price increases. Government departments had to lay people off. More and more businesses went "self-serve" with kiosks and the like.

Now the people who were whining about their pay have NO JOBS.

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Minimum Wage in Your State - curious (Views: 1065, 2018-01-02, 9:49 am)
- My groceries, local taxes, utilities - sm (Views: 872, 2018-01-02, 10:18 am)
  - See, that's the thing - sm (Views: 661, 2018-01-02, 10:28 am)
    - Everything went up before the minimum wage went up - That is the thing (Views: 716, 2018-01-02, 11:21 am)
      - No, prices went up AFTER minimum wage - increased (Views: 690, 2018-01-02, 2:37 pm)
        Persactly!! - Economics
        When everything goes up except the minimum wage - buying power goes down! (Views: 583, 2018-01-02, 4:46 pm)
        Nope. - Economics (Views: 725, 2018-01-02, 6:05 pm)
        Cost of living went up by 32% since 2008 - The federal minimum wage (Views: 575, 2018-01-02, 4:32 pm)
    - Yes, you are right on the money. - Pardon the pun. (Views: 692, 2018-01-02, 11:25 am)
- I remember my dad not being impressed with wage increases - StillAnMT (Views: 728, 2018-01-02, 12:26 pm)
- state min wage - ann (Views: 645, 2018-01-02, 12:46 pm)
- What's the lowest wage you would work for? - Saw 2 cents/line offered (Views: 657, 2018-01-02, 1:28 pm)
- $11.50 here - WashIngtonian (Views: 689, 2018-01-02, 6:33 pm)
  - Federal minimum wage should be increased - sm (Views: 549, 2018-01-02, 7:26 pm)
    - Federal or state, results are - LayoffsIncreasedPrices (Views: 623, 2018-01-02, 7:46 pm)
- Portland, OR goes from $11.25 to $12 in July. In 4 more years its $15 - future burger flipper (Views: 591, 2018-01-03, 4:00 am)
  - Seattle is already $15 but you won't - Catch me moving over there -- Washingtonian (Views: 586, 2018-01-03, 3:36 pm)
    - Portland is the same, housing here is astronomical. - land of the homeless (Views: 555, 2018-01-04, 5:19 am)
- I live in PA and minimum wage is $7.25 - disgusting! - nm (Views: 605, 2018-01-03, 12:16 pm)
  - Minimum - wage (Views: 717, 2018-01-03, 12:45 pm)
- $7.25 here. I live in a small town in the South. - MTfor years (Views: 600, 2018-01-04, 12:15 pm)
- Min. wage in NC is $7.25 - nm (Views: 544, 2018-01-04, 1:29 pm)
- Indiana is $7.25 - AKA (Views: 696, 2018-01-04, 1:53 pm)