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View Diary: What this toaster oven says about the minumum wage. (147 comments)

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  •  Funny this... (12+ / 0-)

    I remember seeing study after study comparing the economy of Idaho with that of Eastern Washington because Washington State had a higher minimum wage than the national one.  

    Lo and behold, the study showed that the economy in Eastern Washington was stronger than that of Idaho.  This was from around 2000, so it may or may not be available for your viewing pleasure.  

    But, think on this for a second....

    If you are paying someone $10 an hour, a few things happen that are good for the overall economy:

    *  You get hire tax receipts.
    *  You get more consumer spending which increase sales tax receipts.
    *  You spur investment in the community because there is more money flowing through at all levels.  

    Hey...if I didn't know any better, I would tend to think that raising the minimum wage was a good idea.  

    •  But see, you're using silly things like facts and (5+ / 0-)

      deductive reasoning to reach your conclusion.  What you're failing at is asking the Very Special People Who Know Everything And We Know They Know Everything  Because They're Really Rich And They Talk On The TeeVee All The Time.  They can give your the real answer without bothering with your silly little facts or reasoning.

      "If you trust you are not critical; if you are critical you do not trust" by our own Dauphin

      by gustynpip on Mon Mar 04, 2013 at 10:46:57 AM PST

      [ Parent ]

    •  I'd like to see that study. (1+ / 0-)
      Recommended by:
      Be Skeptical

      Got a link?

      I am not religious, and did NOT say I enjoyed sects.

      by trumpeter on Mon Mar 04, 2013 at 01:33:42 PM PST

      [ Parent ]

    •  So... (0+ / 0-)

      ...obviously, we should raise the minimum wage to $1000/hour since there seem to be no downsides to raising the minimum wage. Imagine the tax receipts at those wage levels - we could pave the roads with gold.

      •  I like extreme logic... (0+ / 0-)

        I always go to the extreme to see how given scenerios play out and then try to find the optimum.

        Let's see, if we raised the minimum wage to a thousand dollars an hour, inflation would sky rocket.  The good news is that house you bought for $100,000 mortgage would only take you two and a half weeks to pay off.  The bad news is the $100,000 dollars you saved up for retirement is only two and a half weeks of pay.  

        So you see, as long as wages rise with inflation, it is good for fixed debt, investments and assets and bad for required purchases, savings and variable debt.

        It would quickly reduce the wealth gap tremendously but if new rules and a fair tax policy wasn't implemented along with it, it would return to the same inequality as before.

        "Perhaps the sentiments contained in the following pages, are not YET sufficiently fashionable to procure them general favour..."

        by Buckeye Nut Schell on Tue Mar 05, 2013 at 06:51:10 AM PST

        [ Parent ]

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