High wages for unskilled labor, attn GStan

[dmcowen674]

I don't think enough time has passed to see the final result yet.

Do you honestly believe minimum wage should still be $7.25 an hour?

I honestly believe that the minimum wage can't become $15/hour because this will result in:
A. $15/hour becoming worth $7.25 an hour due to resulting inflation.
B. Everyone up the line from minimum wage would rightfully demand more wages, resulting in more inflation.

The ONLY way this could work is if the rich agreed to take more money out of their assets to pay the poor and no one else asked for raises above the minimum wage McJobbers.

There aren't enough rich associated with minimum wage jobs to do this, so it would just turn into a shell game of money.

You didn't answer the question.

Minimum wage has been stuck at $7.25 since 1999 and obviously has not kept pace with any kind of inflation, you believe this is the right thing to keep stuck at $7.25?

Yes.

Wages have not kept up with inflation for everyone, not just Joe Pizzapie.

http://www.pewresearch.org/fact-tank/201...r-decades/

I understand that there are a lot of other factors in play and that these folks getting bumped to $15 would be a domino effect that ends in either their $15 being worth $7.25, or everyone else's wages being worth much less.

If you're a AP clerk using software to cut checks for $15 an hour, or a cutomer service rep making $15 an hour to interact with clients and enter their orders into a database and maintain their accounts, how will you feel knowing the folks that flip the burgers and put the boxes on the shelves make the same as you now? Any of them going to want a raise?

OK, so they get a bump to $25/hour to maintain parity of wages with their skill set.

Uh oh. Now the people who made $25-$30 an hour (most of the people in the US with degrees, skilled labor) want a raise as well because they shouldn't be making the same as the 2 year degree, semi skilled labor folks.

Now that they are in the $40-$50 range, the people making $80-$100K already will probably want more.

And so on.

Yay! Lots more money in circulation, everyone got a big raise! Everyone can buy all kinds of stuff now, want and scarcity have ended!

Nope.

Bigger supply of money means higher prices- always has, always will.

Higher wages paid means higher prices for goods and services if the owners and corps wish to maintain their income level. Always has, always will.

So prices rise and everyone's money is worth what it used to be and now Joe Pizzapie starts striking for $25/hour because his $15 minimum hasn't kept up with inflation.

Sooner of later we live in a banana republic where a loaf of bread is $100..

That is the nature of the economy. If it's not stratified with wealth concentrated at top, money is worthless and people lose reason to strive for it.

Not true - nearly, not all of course, jobs except for those at minimum wage jobs get a COLA (Cost of Living Adjustment) increase of 3% once a year.

You always post in extremes and use meaningless links to justify your skewed extreme ramblings.

Of course the $15hr clerk doesn't expect a burger flipper to be at $15hr as well but would expect minimum wage to at least to be at $10hr by now.
Keeping it stuck for decades is an insult to all of us in civilized society. There is your answer, those keeping the wage stuck at $7.25 cannot be considered civilized anymore, they are disgusting and those that support them as well.