President Failure looking to further punish middle class with proxy tax known as minimum wage increase: Let us just predict how this will work out. The econ morons will claim that raising the minimum wage will benefit the poor. Those in the know will counter that it will do little more than decrease employment while raising everybody’s cost of living -again. If the measure goes through the economic damage will occur as predicted while the econ morons once again claim that “nobody could have seen this coming”. After making that statement they will then demand a higher minimum wage, a trillion more dollars be printed out of nowhere for “stimulus” and congratulate Obama for the fantastic sound his fiddle makes while the country burns.

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24 Comments on "Barry looking to punish middle class with proxy tax known as minimum wage increase:"

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Sidekick
Member

Bears saying again: there are only two reasons why people are unemployed.

1) They refuse to work for the prevailing wage.

2) They cannot work for the prevailing wage set by minimum wage laws and union contracts.

jcrowley1985
Member

Too bad the prevailing wage is not enough since Corporate Greed took our gold away and are trying to pay us with worthless monopoly money and keep us debt slaves.

Sidekick
Member

Well, you see, if one has marketable skills (in demand), then the prevailing wage is perfectly acceptable as an equilibrium in the labor market is achieved. When one does not possess in demand skills or is unskilled, unmotivated, uneducatied, or undesirable – likely your problem -then the prevailing wage will be low. That is no one’s fault other than the person’s who limit themselves to a certain income potential. It is the function or should be the function of a free market. That you will never comprehend that belies any notion that you are libertarian. As has been pointed ad nauseum, you are a parasite.

poppajoe49
Member

Kick, you are being too kind.

ooddballz
Member

Yeah PJ, I guess a degree in Ron Paul leg humping, with a minor in Zen navel gazing just won’t pay the bills.

Progressive Hemrrhoid
Member
Progressive Hemrrhoid

Three things are going to happen. The first is businesses will increase prices to offset the increases. The second thing is people will buy less, because a large percentage already make over Minimum Wage. The third is the Government thinks they will get more in tax revenue due to people getting bumped up in tax brackets.

flashingscotsman
Member

Jacking up inflation so they can pay the interest on an insane debt with dollars that are worth less. And worthless.

jcrowley1985
Member

If our money was still back by gold and silver, we would have no need for a minimum wage increase. The only reason why we need to increase it is because it’s worthless.

Corporate Greed stole our gold.

sa_rose
Member

The minimum wage was increased several times before the money was taken off the gold and silver standard. ONCE AGAIN you are WRONG!!!!!!!!

sifi
Member

I was going to give a TU until I saw the last line about CG.

danybhoy
Member

Well, he is a retard. Right on the gold & fed, & butt stupid on EVERYTHING else.

flashingscotsman
Member

Baby steps.

Ruben
Member

Aw, what the heck… I’ll TU, ya’.

flashingscotsman
Member

Hey, if he makes an attempt, I’m good.

Elrond Hubbard
Member

Then there’s the unions, the biggest beneficiary of minimum wage hikes. Unions like minimum wage laws because they can use these laws to justify wage increases for themselves—a skilled union worker should be making much more than an unskilled laborer making the minimum wage. The fact that many minimum wage employees will get laid off (or never hired) because the bosses cannot afford to pay them doesn’t concern the unions in the least.

All the talk about the minimum wage helping the working poor is crap.

Joe Redfield
Member

If Progressive politicians and their RINO enablers want to mess with the laws of economics why don’t they go all in for obliteration of income inequality and make nine dollars an hour the maximum wage? It would almost be worth it just to see PI lawyers billing nine dollars an hour.

whiskeyriver
Guest

Where do these clowns come from? poppajoe is right. How is it helping the poor by raising their wage beyond reason? Higher wages means higher prices so their economic lot in life remains exactly the same.

Another thing to remember is that most union wages are based on the average wage in the local area. If wages go up for the untrained and uneducated who try to make a living flipping burgers, the wages go up for the union employees too.

The entire premis is stupid. If everyone in the country made a million per year a loaf of bread would cost 50K. It’s that simple.

sa_rose
Member

I don’t know where you live, but the union employees here make a great deal more than the average worker in a similar job. Plus benes like free health insurance, guaranteed time and a half for over 40 hrs, double time for holidays, etc. The government pay scale is also based on the local wage in theory, but in reality pays far more. 85% of the hispanics and blacks in San Antonio made it into themiddle class working at Kelly AFB.

ooddballz
Member

Yeah whiskey, some of the folks around here remember those days, the businesses closing at noon so you could get your bread before the prices raised again, most of those folks are dying out now, but with any luck their stories will live on.

I also get a chance to “talk” (My German is not so good yet) to folks from the former DDR, Russia, Poland, and other places where socialism/communism had been the law of the land.

None of them are receptive to living under THAT system again. I can imagine there may be a few who miss it, but I haven’t found any.

poppajoe49
Member

This will help the poor.
Now a “BuckDouble” at McDonalds will be a “SawBuckDouble”.

Ruben
Member

…and the creation of a Rulers/Servants Class system chugs along right on schedule.

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