Proof that raising the minimum wage does not work.

[White_Unifier]

Minimum Wage - ProCon.org

"The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers (or 3.3% of the hourly paid working population) earn the federal minimum wage or below."

If it works so well, why would the government need to keep raising it again and again and again? Seems like a dog chasing its tail.

And in other news in 2015, protesters are saying that 20.00/hour is just not a living wage and they want to raise the minimum wage to 50.00/hour so that they can finally afford the 50.00 loaves of white bread they buy at the store.

 

[JamesBondo]

Just curious. How many times was it raised by industry, then the government had to raise it to keep up?

 

[tay]

Minimum Wage - ProCon.org

"The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers (or 3.3% of the hourly paid working population) earn the federal minimum wage or below."

If it works so well, why would the government need to keep raising it again and again and again? Seems like a dog chasing its tail.

And in other news in 2015, protesters are saying that 20.00/hour is just not a living wage and they want to raise the minimum wage to 50.00/hour so that they can finally afford the 50.00 loaves of white bread they buy at the store.

You should really consider putting American stories in the American Politics thread and use Canadian examples in a Canadian Politics thread or even better, continue on in the other threads on this topic instead of starting another one .......


http://forums.canadiancontent.net/ontario/144394-ontario-moving-forward-basic-income.html

 

[White_Unifier]

You should really consider putting American stories in the American Politics thread and use Canadian examples in a Canadian Politics thread or even better, continue on in the other threads on this topic instead of starting another one .......


http://forums.canadiancontent.net/ontario/144394-ontario-moving-forward-basic-income.html

I'm not necessarily against a universal basic income as long as it's sustainable. This means that we ensure the tax base to support it. Also, applicants should be given some freedom to decide how much control they want over the money that is given to them. Not all who want help will necessarily want money, especially when in some cases access to money may be the source of their problems.

But yes, as long as those snags are cleared up, I don't necessarily oppose a universal basic income.

That said, I wholeheartedly oppose a minimum wage since that literally legislates unskilled workers out of the workforce or alternatively simply erases itself with inflation.

 

[Bar Sinister]

Minimum Wage - ProCon.org

"The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers (or 3.3% of the hourly paid working population) earn the federal minimum wage or below."

If it works so well, why would the government need to keep raising it again and again and again? Seems like a dog chasing its tail.

And in other news in 2015, protesters are saying that 20.00/hour is just not a living wage and they want to raise the minimum wage to 50.00/hour so that they can finally afford the 50.00 loaves of white bread they buy at the store.

Inflation is built into a successful market economy. Without it consumers tend to lower spending in hope of buying something later at a lower price. As a result steady inflation erodes the minimum wage over time. Even a 2% inflation rate will cut the value of earnings in half in 36 years. As a result governments tend to review the minimum wage every few years.

 

[Danbones]

Privately owned central banks and fiat currencies are a crime.
We never had this problem with wooden tallies or silver certificate systems. These systems lasted hundreds of years without these problems.

Inflation is theft by the private central bank owners who charge compound interest on currency lent to governments.
Some people are just too dumb to see that.

Canada has its own central bank, unlike most other countries, who are under the privately owned central bank systems, but we were sold out by Trudeau senior and politicians since, to those same world wide globalist communazi banker bastids when money has been borrowed from them, and not from our low, or no interest lines of public credit.

Interest on money lent to governments destroys ALL fiat currencies over a brief amount of time and so there are NO SUCCESSFUL market economies over time.

Not one...every fiat currency has or will die over a couple hundred year lifetime.

Enjoy your robot burgers

 

[White_Unifier]

Inflation is built into a successful market economy. Without it consumers tend to lower spending in hope of buying something later at a lower price. As a result steady inflation erodes the minimum wage over time. Even a 2% inflation rate will cut the value of earnings in half in 36 years. As a result governments tend to review the minimum wage every few years.

So we inflate the economy to encourage people to spend and then blame them for not saving for the future. Don't central bankers think?

 

[petros]

I'm not necessarily against a universal basic income as long as it's sustainable. This means that we ensure the tax base to support it.

Increasing the minimum wage pushes workers over the CRA and Provincal tax threshold creating more taxpayers.

It's a tax grab and nothing more.

Ontario
Combined Federal & Provincial tax rates
2017 Taxable Income Tax Rate
$0 - $10,171 0%
$10,172 - $11,635 5.05%
$11,636 - $42,201 20.05%

 

[captain morgan]

Don't central bankers think?

It's the leftard snowflakes that can't think

 

[petros]

This Banker blaming thing is getting pathetic.

 

[captain morgan]

Like corps, they are an easy and convenient target.

Gotta love how all the idiots constantly rail at the bankers/corps yet get their pay cheques from them and drive their gas guzzlers straight to the bank to deposit.

 

[petros]

The guy that mows my lawn is a Corporate entity.

 

[captain morgan]

Crazy not to be... Can write-off a ton of expenses against income.

 

[petros]

Crazy not to be... Can write-off a ton of expenses against income.

Those aren't write offs.

They are subsidies.

 

[captain morgan]

I stand corrected... Damn oil co.'s getting subsidized again!

 

[TenPenny]

If it works so well, why would the government need to keep raising it again and again and again? Seems like a dog chasing its tail.

So, if you don't understand the concept of inflation, why do you bother to post on a topic you don't understand?

 

[petros]

I stand corrected... Damn oil co.'s getting subsidized again!

Bummer for the auto industry that vehicles are one of the best CCAs.

I had to buy a new Benz that will just sit parked for the next 4 years just to get a subsidy.

 

[captain morgan]

Flossy will be gnashing his teeth over that one

 

[petros]

He won't understand.

 

[Murphy]

He doesn't understand much. He's like a little kid in the room, trying to fit in with the older ones. Trying...and failing. A lot.