Exactly.
Dont forget that companies that pay Federal Minimum Wage are subsidised by way of Govt handouts.
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I try to explain the difference between Quantity and Value of Money all the time. Anyone care to explain it back to me?
Libertarians have a problem distinguishing between practical solutions to today's problems and "ideal world" solutions. Ideally everyone gets to keep their money. Because they keep their money, they have it to spend. But we don't live in "ideal world" at all.
Day 1 of Econ 101 in college they tell you that we don't live in a free market. Day 2 they forget that, and pretend that we do.
Standard charts and graphs apply in fantasy land. And yes, no doubt, free markets work best to get the people the stuff they want.
And yes, no doubt, a hike in the minimum wage is bound to be inflationary. But nowhere near what people think it's going to be.
Fight the right battles. There is so much sht, and it's getting worse. The minimum wage people, who actually do stuff that I like, like handing me my food, putting my food on the shelfs of the stores, etc etc. I got no problem with them. And 1 out of 50 might lose their job, or might lose 10% of their hours (probably Obamacare related). But they do get a raise. That's real money to them. We aren't talking about the government taking our money to buy ads to remind us that they take our money to push us around. For me, it's decent poor people who aren't screwing me over getting a little raise. And that's just something that has been true my entire lifetime, and probably everyone here's entire lifetime unless there are 75 year olds on this board. There is inflation. It's not being caused by min wage hikes (primarily).
Get rid of the Fed Gov workers COLA. Fire Gov workers. Let us keep our money. We have extra money. We want to spend it. That's where wage hikes should be coming from - the labor is needed, because there's money being spent. But all our money goes to the NSA apparently. I'm guessing housing prices are still doing up in the DC area. The spies gotta live close to big spy buildings near Washington, DC.
Here's another thing. I'd like to see young people with more money in their pocket. They're cooler than old people. Or should be, they typically are. When young consumers have more money to spend, there are more choices for younger, cooler people.
Look what Obamacare did. "Hey young people, we know you won't be going to a hospital anywhere as often as someone 30 years older than you, but we will change you the same as the old people." Younger folks are simply getting screwed.