Some Unintended Consequences Of A Massive Increase In The Minimum Wage
2013 Dec 4, 11:52am 768 views 6 comments
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Y
2013 Dec 4, 12:04pm
Grooming income to match societal need creates an uninspired non-motivated product anchoring creativity while hatching a nation of drones.
New Renter
2013 Dec 4, 2:39pm
APOCALYPSEFUCK is Comptroller says
Every last dime of it will be absorbed in rent. Anyone who doesn't own his own land and lives debt free will just be raped of any new income.
That is exactly what will happen. Whatever trickles down to renters will go to the landlord pocket as "market conditions".
Of course when the renter flaunts his/her wealth with bling its their own damn fault.
Tenpoundbass
2013 Dec 4, 11:03pm
High minimum wage is a race with no finish line, any fool can predict what will happen. The more low income earners make, then the less value the dollar becomes. Current $100K salary incomes become $200K and $20.00 become the new $5.00.
Here's you're $15 an hour wage for flipping burgers, and here's your closed hamburger stand, $12.00 a gallon milk, and $1200 a month 1 room efficiency rent prices.
This fight has nothing to do with better wages for the poor, an income inequality. It's about plucking more pigeons for the Socialist dole. Forward Comrades.
zzyzzx
2013 Dec 4, 11:25pm
They made clothes in Australia in the early 1980's??? That's what you have implied. Please explain how a rise in the minimum wage in Australia impacts the cost of imported clothing???
High minimum wages results in high wages cost for business owners, shop landlords also see that consumers have money to buy cloths for an inflated price so he puts the rent at astronomical levels. So even though the shop owner buys shirts from china for $2 it costs $50 for the consumer. Over the last 5 years or so clothing prices have been falling here down to around $25 but the retailers are squealing as they ate not making profits anymore.
Jack Waldbewohner
I hear a lot of talk about raising the minimum wage up to $15.00 an hour. I have a lot of empathy for low-wage workers. I was one for many years. I also lived in Australia from 1981 to 1986. At that time it was a society with a high minimum wage. The good news was that there was virtually no poverty except among aborigional people. The high minimum wage did not destroy jobs. In fact the unemployment rate was very low. But there were some serious consequences for most middle class people. First restaurant meals were so expensive that eating out was a once a month treat. Second the cost of repairing anything was prohibitive. People had to learn how to do it yourself to make house hold and vehicle repairs. Third the cost of clothing and necessities like that were high. The better-off Australians flew out of Australia to South Korea with empty suitcases. They did a lot of their shopping with shadowy vendors who sold all sorts of goodies from US military bases around Seoul. People of more humble means always had a sewing machine in the house. Women often had to make a lot of their own clothes. Please consider my words here before advocating a massive increase in the minimum wage.