Reply to $25 min wage in DC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sound economic policy, which this is not, is simply beyond the grasp of the average or below average person. [/quote]

Why don’t you explain it to us sweetheart? [/quote]

This will just drive prices up for everyone. If people at the very bottom now make a minimum of $25, then everyone else's wages will go up accordingly because everyone will say what about me. If everyone suddenly has a lot more money to spend, then prices for everything will also go up accordingly. A pint of beer will cost $25 and the dishwasher making $25 an hour will not be any better off. [/quote]

Just as I suspected, a bunch of BS completely made up by you. Got forbid people on the bottom make a living wage. Have to keep those suppressed so you can have cheap beer. [/quote]

Sweetie, this is how inflation works. [/quote]

It's really not. you have no idea what you're talking about. Raising minimum wage puts more money in people's pockets, which they pump into the economy. [/quote]

Raising minimum wage puts more people out of a job. The number of jobs isn’t fixed. Only jobs that produce $25 of value per hour will exist after the transition and any laborer who’s labor does not produce value at that rate will be left out[/quote]

No, it gives people enough money so I don't have to subsidize them with my taxes. There is a reason so many people working these jobs rely on SNAP and medicaid to get though life. It's people like you who don't want to raise the min wage OR give them benefits that are the problem. [/quote]

Where do you think the money comes from? It comes from a business owner who makes the evaluation: can I take the labor produced by person X and sell the output for enough to pay person X and make a profit. If the answer is no, then the business owner doesn’t fill the position. Except for government jobs program jobs, that’s how the economy works. [/quote]

Oh please! The vast majority comes from people like me, making around 200K. Everyone knows your trickle down economic BS has never worked. [/quote]

I don’t know anything about trickle down theory. I do know a couple DC restaurant owners who either have or are expecting to go out of business with the min wage hikes. There’s a limit to how much they can charge for meals and the business breaks. [/quote]

Let them go out of business. Not everyone who can't afford to pay a living wage to the people they employ needs to stay in business. As I said before, when the owners don't pay, we all do with our tax money. [/quote]

I hope you won’t complain when that small business is replaced with a McDonald’s. [/quote]

I don't go to McDonalds as a matter of principle. Again, no business that can't afford to pay its employees a decent wage should be operating. I'm sick and tired of subsidizing their "entrepreneurial spirit" with my tax dollars. [/quote]

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