- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: In 100 words or less how can raising the min. wage help the middle class?**
Posted on 1/30/14 at 10:06 am to doubleb
Posted on 1/30/14 at 10:06 am to doubleb
Supposedly it goes like this:
Increase in MW give Mary 500 bucks a year more to spend.
Mary has a thing about shoes, so she buys 500 bucks worth of shoes at Pay Less.
The jump in sales motivates the owner of Pay Less to hire an extra worker.
Thus, a middle class job is created.
Increase in MW give Mary 500 bucks a year more to spend.
Mary has a thing about shoes, so she buys 500 bucks worth of shoes at Pay Less.
The jump in sales motivates the owner of Pay Less to hire an extra worker.
Thus, a middle class job is created.
4
Posted on 1/30/14 at 10:10 am to Zach
quote:
Supposedly it goes like this:
Increase in MW give Mary 500 bucks a year more to spend.
Mary has a thing about shoes, so she buys 500 bucks worth of shoes at Pay Less.
The jump in sales motivates the owner of Pay Less to hire an extra worker.
Thus, a middle class job is created.
Not at minimum wage u don't
Posted on 1/30/14 at 10:12 am to Zach
Damn Zach, ole Pete looks like he could be Clay Aiken's grandpa.
Posted on 1/30/14 at 10:19 am to Zach
(no message)
This post was edited on 1/30/14 at 6:38 pm
Posted on 1/30/14 at 1:48 pm to Zach
quote:
Increase in MW give Mary 500 bucks a year more to spend.
Not when inflation kicks in. Goods and services go up to account for increase. That $500 quickly turns into much less. Mary is right back where she started without realizing it. Now poor Joe in the middle class didn't get that increase has a loss of revenue to account for the increase Mary got.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News