Impact of 15 dollars an hour minimum wage | Page 8 | The Compost Bin | Forums

KVR, the wave of the future is robots to take peoples jobs, no doubt.

  CJ, the statistics I posted are also known as facts. You can debate opinions all you like. But you cant debate the facts. The facts clearly show that there is a very real problem with people being able to earn a decent living in this country. 

   The facts also show that people have next to zero in savings. That full time jobs have have shrunk in favor of part time jobs. High paying jobs have been lost and people have been taking lower paying jobs, to feed their family. 

   The facts also show, that combined with the average American earning less, that housing costs and general costs of living have increased. Basic economics understanding will show you that is a recipe for disaster.

  So if you think we are paying a lot to house, feed and clothe the poor now, you aint seen nothin' yet.

Here's an interesting fact since that's what we're posting now. Since 1933, the year FDR took us completely off of the gold standard, the value of our dollar has dropped a staggering 1700%. If the value would have remained static (obviously there would have been some fluctuations, but not a steady 1700% drop off), the $8.00 an hour minimum wage would be worth around $120 per hour in today's money.

The point is, the number you attach to a wage is irrelevant when your currency has been manipulated and devalued the way it has been. If it was relevant, why not raise the minimum wage to $50? I could use a raise. (this is an actual question I would like someone to answer please)

It's the same reason that foreign aid would be irrelevant if simply raising wages would have no negative effect on the economy. Why give money to other countries when they could simply raise their wages.

Once again, government is the culprit, not the solution.

easytapper said

Well also, lets not forget that in the 40's-50's that a family of four could do well on a single income.  Now that same family requires two incomes to do the same or less.  

I'd point to the devaluation of the currency, once again. You can't do that without fiat currency, which requires a central bank to manipulate it, and a government to authorize that bank. If you really want to see this problem solved, look no further than the money its self.