re: Progressives have a new minimum wage goal: $20 and up

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Its just a never ending cycle then.

Raise minimum wage. Then the business has to offset their labor cost increase by raising prices and/or reduces labor expenses (layoffs and/or reduction in employees' hours scheduled).

So it doesn't still solve the problem of getting people off the government's dole because now everything costs more, so welfare programs have to adjust for cost of living increases....on top of workers who either got laid off or aren't taking home any extra pay due to a reduction in their hours by employers trying to offset labor cost increases from the higher hourly rate. Just reduced the buying power of everyone else who put in the work to get ahead and not be working for minimum wage all their life.

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Life is, indeed, a never ending cycle. It ends for the individual but thus far the species has survived a minute. But I digress.

I ain't so sure the business has to raise its costs that much...because they too pay taxes to the government who in turns hands it back to their employees...all while trying to curry favor and picking and choosing winners and losers.


Just about all social welfare is based on earnings...very little money available for long if you ain't got a job of some sort. If wages go up outlays for social welfare go down. Even if politicians refuse to do this fewer people would jump through the hoops to qualify if their nut was being met through labor.

The consumers among us who have gotten ahead, by will or otherwise, are already footing the bill for the dead beats in one way or another. The dole, crime or a combination. Our costs aren't going to increase. The price of a Big Mac will, but our portion of the federal budget that goes to subsidize low wage employees will remain stagnant or go down...there is no conceivable way for it to increase dramatically.