Daryl Hunt
Your Worst Nightmare
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- Banned
- #61
it is one reason for the movement for a fifteen dollar an hour minimum wage.Production for the military has to do with command economics not market economics.There is no explanation for a twelve percent increase across the board. Labor is seperate from goods and services for the military. Maybe you simply, miscalculated. It seems to be a common right wing misunderstanding of economics.In the 80s, I was stationed at Ellsworth, SD. We hadn't had a raise in military pay for 3 years. So to make it up to us, we got a whopping 12% pay raise that year. We were elated. That's the good news.
Now for the bad news. Food went up 12%, utilities went up 12%, Gasoline went up 12% and so on. And I found myself 3 tax levels higher paying higher taxes. In the end, I lost money. They could have kept that raise and I would have been better off. And the Civilians didn't get that 12% raise but they got nailed for that 12%.
Just raising the Min Wage doesn't accomplish a thing. What happens is, the greed factor kicks in and the Rich want that increase for themselves. If you get a min raise from 10 to 15 bucks, the cost of living will go up about 30% and you are now in a higher tax bracket and actually lose money. And what about that poor fool that is making 16 bucks an hour already that doesn't get any raises? He is now paying 30% more for his cost of living as well. Everyone just got poorer while the Rich just got richer.
Unless you do something about the Greed Factor, just raising the Min Wage just doesn't work. And that's another discussion entirely.
No miscalculation involved. The question for the 12% increase in cost of living happening exactly at the same time as we received our 12% increase was asked. Their answer was, they had planned on it all along. They assumed that their answer would be accepted and they were right. Everyone in power just blindly accepted it since they also got their cut. The Working class was sent deeper into the abyss. If you think this was a coincidence then you are either in on it or dumber than a box of rocks.
There is no explanation for a twelve percent across the board price increase. It would not happen in any free market.
In any Free or Fair Market there would not have been a sudden 12% pay increase on the average. The largest employer was the Military in that area who got that raise due to not getting any raises for the last 3 years. The Civilians didn't get anything more than the normal 2 to 3% inflationary raises if any at all. By raising the cost of living to match the militaries 12% pay increase, they just threw the civilian workers under the bus and didn't care. Greed.
If you raise the 15 buck an hour min wage, you are going to have to figure out a way to prevent the greed factor that raises the cost of living the same amount or more. In the end, the workers lose on the deal. Now, address that before you do the min wage raise.