New Study Shows that Welfare Benefits are Exceeding Minimum Wage Jobs.......Why Work?

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No because tripling their buying power does 2 things

It triples everyone elses buying power, it diminishes everyones buying power.

Here is a SIMPLE example:
remember when everyone was up in arms over the 800 billion in stimulus money, and some people said "Just give the money directly to people"

IIRC every HOH would have gotten 250K?

Do you think every good would have stayed the same? If the government gave everyone a million dollars tomorrow, would everyone be able to purchase goods at the same prices today? The short answer is no, because the dollar would be destroyed and worth LESS.

If everyone was given a million dollars tomorrow, would Ferrari keep their prices the same?

I can't handle all this correlation=causation going on in here

"MINIMUM WAGE INCREASED. THIS IS WHY COST OF LIVING IS HIGH!"

LOL

What's happening in here is that you're all referencing these facts together like one causes the other. Fact one says cost of living went up, fact two says minimum wage went up. None of these facts suggest causation. You're jumping to your own conclusions here, because someone wants you to believe they're linked. "Common sense" might tell you that when one thing goes up another thing could go up with it, but the reality is that economics, and politics in general transcend "common sense"

[Vteckidd]

I can't handle all this correlation=causation going on in here

"MINIMUM WAGE INCREASED. THIS IS WHY COST OF LIVING IS HIGH!"

LOL

What's happening in here is that you're all referencing these facts together like one causes the other. Fact one says cost of living went up, fact two says minimum wage went up. None of these facts suggest causation. You're jumping to your own conclusions here, because someone wants you to believe they're linked. "Common sense" might tell you that when one thing goes up another thing could go up with it, but the reality is that economics, and politics in general transcend "common sense"

So you believe that if we raise minimum wage to $15/hr, no other ramifications would happen?

People making $15/hr now would just accept it? Prices wouldnt change? Inflation would not happen? Dollar would be worth the same? Nothing would happen, people would just make double in 1 sector and no other economic implications would happen.

The only saving grace is you are in the VAST majority that believe this. Paying your unskilled labor force double wages because they are unskilled, hurts THEM, it doesnt help them. It cheapens their buying power. We have already proven this.

Mcdonalds would not pay their work force DOUBLE and keep prices the same. You would pay the worker more, but their goods would now COST MORE due to the increase in their salaries for low cost goods. Low cost labor= they buy low cost goods. this happens with EVERY SINGLE SECTOR and industry that tries to artificially control markets.

The reason why I wont get a nobel peace price is because this is so common knowledge that it requires ZERO critical thinking to understand