menu
Posted by
Message
JabarkusRussell
Member since Jul 2009
10289 posts

Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?

I saw that one politician wants to raise the minimum wage to $20/hour while failing to realize that in doing so, businesses will raise prices in order to make a profit. This is turn will cause inflation. Why can't we deflate the prices by making everything more affordable while getting paid less? For example, instead of $4 gas, it will be $1 but if you make $10/hour now, you will make $3/hour. People once went to the movies for a dime while making $70/week. Today we look at that as crazy but it worked just fine.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

I saw that one politician wants to raise the minimum wage to $20/hour while failing to realize that in doing so, businesses will raise prices in order to make a profit. This is turn will cause inflation. Why can't we deflate the prices by making everything more affordable while getting paid less? For example, instead of $4 gas, it will be $1 but if you make $10/hour now, you will make $3/hour. People once went to the movies for a dime while making $70/week. Today we look at that as crazy but it worked just fine.



Well, this site is full of Pauli K and Benny B acolytes who will regurgitate bull shite like "a little inflation is good for the economy."




plazadweller
Auburn Fan
South Georgia
Member since Jul 2011
5719 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
I sort of wish it were that way if everyone would drop their prices. $20.00/hr...


JabarkusRussell
Member since Jul 2009
10289 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
You make $20k a year but can get a new car for $8k while shopping at the dime store.


Replies (0)
Replies (0)
goldenbadger08
USA Fan
Sorting Out MSB BS Since 2011
Member since Oct 2011
31364 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
Sure
This post was edited on 3/31 at 8:40 pm


Replies (0)
Replies (0)
Gmorgan4982
Member since May 2005
101746 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

Why can't we deflate the prices by making everything more affordable while getting paid less? For example, instead of $4 gas, it will be $1 but if you make $10/hour now, you will make $3/hour.
Ugh


Replies (0)
Replies (0)
CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
Elizabeth"Fauxcahontas" Warren and it's 22.00/hour she wants. One must give the Democrat voters of Taxacheusetts credit. For forty years they voted a murderous SOB into the US Senate. In the election to permanently replace him they voted for a lying bitch who earned all of her "employment" by gaming the system by her claim of Indian status. They be some smart people up there.


Replies (0)
Replies (0)
AUsteriskPride
Auburn Fan
Hunstville, AL
Member since Feb 2011
11448 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

JabarkusRussell


So making our fiat currency more scarce? Isn't that what it amounts to? Not going to happen, politicians and central bankers love a healthy dose of inflation - it's good for growth you know..


Replies (0)
Replies (0)
RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
101361 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
Yes.

Maybe we wouldn't have such a desire to subsidize people's lifestyles if this were to the case.


Replies (0)
Replies (0)
RockyMtnTigerWDE
USA Fan
PosiBarner CO-Captain
Member since Oct 2010
52877 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
You must not have read the thread where the WH is trying to kill the dollar. It may not matter should they succeed.


Replies (0)
Replies (0)
Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
38523 posts
Online

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

I saw that one politician wants to raise the minimum wage to $20/hour while failing to realize that in doing so, businesses will raise prices in order to make a profit.


Not only that but businesses would look to reduce staff and hours anyway they could.

What you're talking about is price fixing and that shite is a disaster.


Replies (0)
Replies (0)
NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
59134 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

Why can't we deflate the prices by making everything more affordable while getting paid less?
Because we have a fricking $17T debt that we have to devalue instead.


DCRebel
Georgetown Fan
An office somewhere
Member since Aug 2009
17644 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

"a little inflation is good for the economy."


It's not?


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
59134 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

It's not?
Not for blue-collar, working-class folks on fixed incomes. It's the cruelest tax there is.

OTOH, it's great for some of us.


DCRebel
Georgetown Fan
An office somewhere
Member since Aug 2009
17644 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

Not for blue-collar, working-class folks on fixed incomes. It's the cruelest tax there is.



I guess the fixed incomes part of that is the key phrase. Yeah, that would be tough for them.


Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
38523 posts
Online

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
Inflation is great for lenders and an economy based on debt. Not so good for debtors.


Replies (0)
Replies (0)
catholictigerfan
LSU Fan
Member since Oct 2009
45673 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
taking or putting money into a system disrupts the natural flow of the system I guess you could say, taking money out will probably kill the system in the short run, putting money into the system will causes bubbles or cause growth on an unstable ground.

its this crap kaynes idea when the economy is doing super well take money out slow the growth, when the economy is doing horrible pump money in to spur growth. What it does I think is prevent true stable growth, its like a buisness starts to bring in steady income is doing good practices, and then purposely does things to slow growth. Also when a business is in bad times, they take out large loans and continue their practices that got them into trouble.


Replies (0)
Replies (0)
TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
3209 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

a little inflation is good for the economy


a little inflation is good for the government.

Fixed.


Replies (0)
Replies (0)
TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
25208 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
quote:

Because we have a fricking $17T debt that we have to devalue instead.


this


JabarkusRussell
Member since Jul 2009
10289 posts

re: Would You Be For Making Everything Cheaper if it Meant Getting Paid Less?
If we weren't in debt would it be a viable option?


Replies (0)
Replies (0)
first pageprev pagePage 1 of 1next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram