Reply to MoCo $26/hr min wage

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't understand who you think is going to staff your Targets, Starbucks, Panera, DSW, etc. if they can't earn enough money to live anywhere near their workplace.

Your kids don't work minimum wage jobs. So who do you think will?[/quote]

Yet people keep working there, so......[/quote]

Because we aren't employing them as doctors. [/quote]
If they want to become doctors, they would need to go to school.

I grew up lower income. Worked crap PT low wage jobs while I went to college. My kid actually does work at Target, for a bit higher than minimum wage, while they go to school PT.

I'm not against living wages, but think things through, if you raise the minimum wage to $26/hr, how much do you think the goods and services would cost the consumer?  Do you think the consumer would continue to be patrons at such a store/restaurant?

So, a $7 burger now becomes $20.  People aren't go to pay for that so the restaurant closes. Now the burger flipper is out of a job.

Honestly, some of you people need to learn basic econ 101.[/quote]

The government should set the price of the burger. The solutions are staring you in the face.[/quote]

Yeah, the Romans tried price controls.  Prices got so out of hand they had to start diluting the amount of silver in their currency, which caused even worse problems with currency devaluation and inflation.  Many historians would actually blame Rome's awful economic and monetary policies for prices controls and increases in money supply for bringing down the mighty Roman empire.  It's like Democrats never learn from glaring examples in history. [/quote]

No one has tried real price control. [/quote]

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