I'm using the actual history of minimum wage rises and cost-of-living rises.
But I understand your argument. The inputs into production are land, buildings, capital equipment, raw materials, labor, and such miscellaneous as power, transportation, and financing. Because everybody knows land, buildings, capital equipment, raw materials, and miscellaneous are free, only labor is a cost. Therefore, if you double the cost of labor, you must double the price of finished good.
Brilliant argument. Great job.
Poor T-bonesforbrains!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You FORGET.....................................
YOU ARE TALKING TO CDNS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WE have more economic experience than you Yankees!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Pierre Trudeau brought in wage and price controls and was FORCED TO ABANDON THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The Cdn civil service union HOGS DEMAND regular shipments of NEW GRAVY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And here in Ontari-owe we had Wynne-bag LIE-berals.........................................
and they put the minimum wage Up..............................
WAY UP in a few short months...............................
not that it did ANYBODY ANY GOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Except for Wynne-bag LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You see in a LIE-beral progressive tax system....................................
the more money you make.........................................
the MORE TAXES YOU PAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Get a ONE THIRD INCREASE in pay from $10 bucks up to $15............................................
and you PAY WAY MORE in income tax!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And of course the PRICE OF EVERYTHING JUMPS because of the increased labour costs........................................
so people BUY LESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You got a raise in pay............................................
and you got SHORTER HOURS............................................
MEANING REDUCED PAY because of LESS customers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And of course sales tax is a proportion of the price of stuff...............................................
if price goes up...........................................
then SO DOES SALES Tax revenue!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
which is the FIRST THING Wynne-bag wanted!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MORE GRAVY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
More sales tax revenue!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And this wage increase DROVE UP INFLATION.........................................
and that gave Wynne-bag the SECOND THING SHE WANTED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
She got an EXCUSE to hand over MORE GRAVY TO HOGS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
To cover the cost of INFLATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That LIE-berals CREATED IN THE FIRST PLACE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You hear people talking about "helping the poor" by increasing the minimum wage.................................
and you ARE GUARANTEED THEY ARE TALKING TRASH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!