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Minimum Wage Hike Is Desperately Needed

March 10, 2013

To the Readers’ Forum: When I was in high school, I worked at a grocery store in Jamestown and received minimum wage. This was adequate as my parents supported me financially....

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(105)

Badnewsbear

Mar-16-13 4:06 PM

I have. I have a business degree with a minor in economics. I think that makes me as qualified as any to put forth an opinion on the topic.

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ironyoozesfromyouryap

Mar-16-13 4:03 PM

...education. How many of you have taken business, macro-economics, or micro-economics courses and evaluated the theories behind economics? Let alone realize economics is chock-full of theories to begin with?

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Badnewsbear

Mar-16-13 3:03 PM

"everyone on every amateur forum thinks they are a regular economics professor or business scholar." So....what are your qualifications to make this declaration?

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ironyoozesfromyouryap

Mar-16-13 2:01 PM

"This is definitely not the country of ww2 or post ww2."

Yep - back when the tax rates were much higher.

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ironyoozesfromyouryap

Mar-16-13 2:00 PM

Kevin - we need so much more than just this. The economics of this country are twisted and distorted; everyone on every amateur forum thinks they are a regular economics professor or business scholar. Income inequality is one of the big reasons this country is circling the drain but instead of focusing on facts and real-time data people focus on pundit rhetoric from amateurs.

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Badnewsbear

Mar-13-13 3:15 PM

David, I understand how that all works, but I entirely disagree that it is "all good". If you want to stimulate spending, by individuals and businesses, the government needs to stop pushing for higher taxes and needs to get rid of the uncertainty that is out there, the biggest contributor being Obamacare. Companies will not spend and will not hire due to the uncertainty of exactly what effect that will have on them and how much it will cost. You will also see further lost jobs and hour reductions, all of which will have the opposite effect of what you claim these policies are trying to achieve. Frankly, I disagree with your assessment and feel that their overall approach is nothing more than an invitation for a future nightmare.

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50s4ever

Mar-13-13 3:07 PM

And there my friends you have a liberal's economic solution. Throw the poor ignorant masses a bone even if it is poison. You can take their adoration to the political bank while they have a jingle in their pocket and blame your opponents when reality hits.

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DavidVA

Mar-13-13 2:23 PM

@Badnewsbear

Yes, the Fed is trying very hard to start inflation, not that it's having a lot of success at it. Inflatin, at least the mild variety, is a net good. In an inflatinary environment, It's better to buy things now thatn later, since the price will rise with time. Buying = economic activity, which we are lacking at the moment. This is all good.

@tmbaker

Minimum wages are applied to bring the entire wage structure higher ... at least the bottom several rungs. In turn, those earners have more money to spend, and they tend to spend virtually all of it, which brings us back to buying = economic activity.

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50s4ever

Mar-13-13 11:55 AM

"Fundamentally change America". More to come.

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Thomas77

Mar-13-13 3:33 AM

This country isn't what it use to be. The democrats and republicans have ruined this country for personal gain. All the good jobs have been outsorced, corruption at every level government is a way of life, money is wasted overseas and you can't even get a oil pipeline built in this country because of foolish ridiculous people. This is definitely not the country of ww2 or post ww2. I hope things change before it's too late!!!

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tmbaker

Mar-12-13 11:17 PM

I agree, a base min wage is needed. But there is a disconnect when you say everyone deserves a living wage to meet basic family needs, save for retirement and afford healthcare. A minimum pay job is not meant to do the things you require of it. It is a start position for a young single person; or for a person between a "paying" job; it was not meant for a person past their 20's that made bad life decisions.

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Badnewsbear

Mar-12-13 9:52 PM

Allie, while the things you mention can all be factors that drive the stock market up or down, they are not the only ones. Search "Forces That Move Stock Prices" and find the article that describes the 3 categories of factors that drive the market. You'll find the items I mentioned, as well as those you mention. Unfortunately, as per the last post on Quantitative Easing, several of them can drive the market up, but create bigger problems in the future. The stock market is not always the best indicator of how the economy is fairing.

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Badnewsbear

Mar-12-13 9:47 PM

Allie/David, my point was that the current policies lead to inflation and you mocked and called it Quantitative Easing. Well no kidding and here's the description: "Central banks tend to use quantitative easing when interest rates have already been lowered to near 0% levels and have failed to produce the desired effect. The major risk of quantitative easing is that, although more money is floating around, there is still a fixed amount of goods for sale. This will eventually lead to higher prices or inflation." Sound familiar? I thought so........

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GioAllie

Mar-12-13 8:12 PM

your 7:44pm on the "All NRA? site--now there's "lie"--in the event you're keeping score.

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GioAllie

Mar-12-13 8:07 PM

sarcasim was a bad choice of words--more like factual----

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50s4ever

Mar-12-13 7:55 PM

That's not sarcasm. That's a lie.

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GioAllie

Mar-12-13 7:31 PM

50's --you have joined an exclusive group of cheerleaders--the other member is see dog--he, as 2cents and fedup, cheered every killed jobs bill and you for a market crash. sarc>

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50s4ever

Mar-12-13 5:49 PM

Whoever follows Obama is in for big trouble, regardless of party. Maybe he can arrange to be leader for life.

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50s4ever

Mar-12-13 5:47 PM

Of course you are "forced to conclude". you never would make such a stupid assumption on your own. ,sarc>

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GioAllie

Mar-12-13 4:47 PM

bills just released ryan, no not paul, he was released last year--fitzpatrick, their qb.

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GioAllie

Mar-12-13 4:20 PM

I've taken care of things 50's--but you won't answer a basic question without asking another? I'm forced to conclude that you are one of the righties that does hope for that type of event--for political oneupsmanship---Sad.

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50s4ever

Mar-12-13 3:31 PM

allie-why do you hope for my sake it doesn't crash? Are you sitting on a pile of gold and off shore accts?

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kyb1020

Mar-12-13 2:47 PM

Please remember, not all business owners received high salaries. Many are working 60+ hours to make a decent living and provide for their own families. When you talk about increasing the minimum wage, added to the already expensive Obamacare initiatives, what is a small business owner to do? "Mom and Pop" shops won't be able to keep their doors open.

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GioAllie

Mar-12-13 12:29 PM

50's --still curious-

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GioAllie

Mar-12-13 12:24 PM

make that 9:17pm

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