Quote Originally Posted by David88vert View Post
You left out that when our wages increase, jobs that can be done overseas will be outsourced, as those labor rates are lower, and bring the company more profit. Imports become cheaper as well, which has a negative effect on locally established businesses.

Also, the talk of raising minimum wage is just a distraction from the real issue. What you really want to accomplish is raising the ability of each dollar to purchase more goods and services. In other words, raising the minimum wage does not have a positive effect for the lower income individuals UNLESS you keep the expenses for the items that they need at the same prices. If the prices of the goods that the lower income needs increase, that negates the effect of giving them more income.
If you really want to improve their ability to get what they need, you need to find a way to lower the cost of goods and services that the lower income need, and keep the prices of luxury items at current levels. The ratio of the buying power of the dollar is what needs to be addressed, not the minimum wage.
I think thats too much for some people in this forum to comprehend. If they are advocating for raising minimum wage as a means to improve someones lifestyle, they dont understand concepts such as this.

Its inflation 101.

MAKE THINGS IN THE USA!!!!

What people dont understand is that their Iphones, Flat Screens, etc would cost $1000-$5000 if that happened. Then they would be saying "GREEDY US CORPORATIONS CHARGING TOO MUCH!"

Honestly, I want Peter Schiff to go out to these protests, and interview someone who is working for minimum wage at MCEEDEES and ask them what their resume looks like. I want to see who these people REALLY are. I suspect most of them are paid thugs from SEIU or they have a resume that reads like minimum wage workers should