wow, NY State legislates for $9 per hour minimum wage
so generous
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:07 am
by rickyarbino
Still not making it in NYC on that lol
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:32 am
by Riddles
there is a lot of discussion as to whether raising minimum wage is actually beneficial. in the US only 2.5% of people are on minimum wage and raising minimum wage has knock on effects like increasing the prices of food etc.
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:35 am
by m8son666
yeah i'm not economic expert lol but surely if you raise the minimum wage the cost of living will increase in tow?
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:45 am
by Marcus
m8son wrote:yeah i'm not economic expert lol but surely if you raise the minimum wage the cost of living will increase in tow?
Correct.
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:48 am
by m8son666
oh cool maybe i am an economic expert
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:50 am
by nowaysj
It's a bit more complex than that, you must grant that. It is probably, long term, a net loss though. From what I understand.
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:51 am
by m8son666
so we should pay plebs less?
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:53 am
by Marcus
nowaysj wrote:It's a bit more complex than that, you must grant that. It is probably, long term, a net loss though. From what I understand.
Pretty much since raising minimum wage will force some firms to cut the amount of employment or pass the extra increase in wages on to their customers. Plus giving people more money will cause them to spend more of it increasing demand and to force the demand down they would raise prices again. Pretty much leaving a lot of people worse off.
Re: Post Your Random Thoughts Thread!
Posted: Tue Apr 01, 2014 8:56 am
by garethom
It's a very complex matter that I'm sure can't be solved by bods in the SNH with a couple of sentences.
No offence, but we'd probably only be chatting egg.