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it depends

Posted on: January 15, 2021 at 09:51:27 CT
o'lineydisciple MU
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If you raise the minimum wage, it essentially places a tariff on US goods exported to foreign countries.

The bottom line is that prices will normalize to whatever the relative value is placed on the good/service being purchased.

The value of working at McDonald's for an hour will remain pretty constant and retain the same purchasing power for the employee, regardless of whether you call that purchasing power $7.50 or $15.00 or $100.00.
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Why do democrats not understand labor is a cost of business - Ragnar Danneskjold MU - 1/15 07:23:41
     Invest in companies specializing in A.I. and robotics. - Emoji Man MSU - 1/15 08:18:32
          Like this one - BigDave MU - 1/15 08:51:42
     So far the usual suspects have rushed in to prove - Ragnar Danneskjold MU - 1/15 07:56:11
     What it might reduce is the billions Bezos pulls in(nm) - raskolnikov MU - 1/15 07:54:57
          Why do you hate small businesses? That is who will be hurt.(nm) - TigerMatt STL - 1/15 08:23:38
               yup, just another way govt favors big business (nm) - SwampTiger MU - 1/15 08:26:18
          Why should the gov't want to limit Amazon's revenue? (nm) - Sal MU - 1/15 08:11:11
          đź¤¨ (nm) - MIZ45 MU - 1/15 08:07:57
          Did you agree with Mr. Trump when he said Amazon and - Bulldog Bob Brown STL - 1/15 08:04:40
          is that a good thing? (nm) - pickle MU - 1/15 08:02:33
          how? (nm) - SwampTiger MU - 1/15 07:59:49
          No he will just move to automate more - Ragnar Danneskjold MU - 1/15 07:59:37
               RE: No he will just move to automate more - SwampTiger MU - 1/15 08:01:25
                    lol I did not know that - Ragnar Danneskjold MU - 1/15 08:03:33
     Yeah, so prices go up on the stuff I buy - McKinneyTiger MU - 1/15 07:52:58
          â¬†ď¸Ź The economic understanding of a 1st grader. - Emoji Man MSU - 1/15 08:17:34
          They'll be sending their production to countries whose - MIZ45 MU - 1/15 08:11:53
          jobs would get cut (nm) - Sal MU - 1/15 07:56:44
          No that isn't the only part, many will lose their jobs - Ragnar Danneskjold MU - 1/15 07:55:20
          RE: Yeah, so prices go up on the stuff I buy - McKinneyTiger MU - 1/15 07:54:27
          lol - pickle MU - 1/15 07:54:21
     What moral company was paying the minimum anyway? - HSCoach STL - 1/15 07:52:17
          the company's goal is the same as the employee's - o'lineydisciple MU - 1/15 09:48:09
          The minimum wage is $0.00 (nm) - pickle MU - 1/15 08:05:55
          Maximizing profit is immoral. Got it. Nm - hokie VT - 1/15 07:58:25
          Is this a real question?(nm) - Ragnar Danneskjold MU - 1/15 07:54:06
     I long for the days of “Greed Is Good” and corporate... - JayRoy KC - 1/15 07:51:44
          Nm - Tburger MU - 1/15 07:55:43
               I’ll take 80’s corporate America 100 times more than... - JayRoy KC - 1/15 07:57:43
                    Nm - Tburger MU - 1/15 08:03:32
                         there is no such thing as greed (nm) - pickle MU - 1/15 08:09:55
                              Actually this is correct but only in a free... - JayRoy KC - 1/15 08:49:19
                                   no (nm) - pickle MU - 1/15 08:55:58
                              Nm - Tburger MU - 1/15 08:12:04
          you’ve lost a bit of moral ground here (nm) - pickle MU - 1/15 07:53:17
               What’s your definition of Morals? - JayRoy KC - 1/15 07:56:08
     RE: Why do democrats not understand labor is a cost of business - HSCoach STL - 1/15 07:50:50
          â€śessential food like food” LOL. So you’re retarded? - Emoji Man MSU - 1/15 08:22:02
          Ok, the workers can eat. And those who lose jobs - GA Tiger MU - 1/15 08:15:22
          "people deserve to earn a living wage": They deserve to be - BH O'bonga MU - 1/15 07:55:48
          Can you try again in English?(nm) - Ragnar Danneskjold MU - 1/15 07:52:33
               gfy - Toger STL - 1/15 07:53:44
                    haven't you died of AIDS yet(nm) - Ragnar Danneskjold MU - 1/15 08:04:16
               it almost read like a rask post (nm) - Sal MU - 1/15 07:52:54
          It will raise the cost for all consumers - Sal MU - 1/15 07:52:26
          Are people free or not?(nm) - tcat KC - 1/15 07:51:43
     So it's like placing a tariff on a foreign countires - playhard NWMSU - 1/15 07:46:42
          it depends - o'lineydisciple MU - 1/15 09:51:27
          Yes but in addition raising the minimum wage will also - Ragnar Danneskjold MU - 1/15 07:49:55
          Yes, they're both bad for consumers - Sal MU - 1/15 07:48:36
     Imagine struggling businesses having to raise - Sal MU - 1/15 07:25:27
          Sounds like they need to close if they are struggling that - tigerman81 MU - 1/15 08:35:17
               If the gov't wouldn't have implemented foolish - Sal MU - 1/15 08:39:17
          It’s going to expedite AI, robotics, big Tech, and favor the - tiger4real MU - 1/15 07:36:50




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