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View Diary: New York minimum wage increase being blocked by Republicans would give 880,000 workers a raise (77 comments)

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  •  For public employees, the money has to come (2+ / 0-)
    Recommended by:
    Sparhawk, 4mygirls

    from the taxpayers.  For private business, the money can only come from two places: the retained earnings of the company or the consumers.  I'm sure there are studies out there on to what extent the funding for increased minimum wage comes from consumers (higher prices) versus retained earnings (lower profits).

    •  Well, you kind of (1+ / 0-)
      Recommended by:
      Amber6541

      forgot about the overpaid managerial level.

      You know, those Untouchables who get $12,000 dollar raises in one year regardless of what happens under their management.  And this happens in government, too.

      Why don't the people at the top ever take cuts?  Here in Denver, a city council committee has already approved $12,000 raises for managers already making six-figures!  These people make more than 93% of the population, yet they always need more more more.

      The banks have a stranglehold on the political process. Mike Whitney

      by dfarrah on Mon May 28, 2012 at 08:41:08 AM PDT

      [ Parent ]

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