candycorn
Diamond Member
- Aug 25, 2009
- 110,865
- 51,010
Would we all agree that we have a consumer based economy?
When the wages of the consumers are kept artificially low or static and prices continue to rise anyway, it's pretty easy to see why we're having economic problems...the consumers can't consume.
Those who oppose minimum wages have a point; yes if you're paying $10 to one employee, you can't pay $5 to two which is what is happening right now. What those people ignore however is the economic engine that will be produced by that one employee getting more money in her purse. Also they (disingenuously in my view) refuse to acknowledge is that a great many businesses can't cut more employees. Last evening, I had Thai food as I usually do. I tend to eat early, go to sleep early, so I can go to Yoga on Saturday Morning as I am about to do. Anyway, there were no bussers working there. My waitress was bussing tables. I guess they could turn the restaurant into a buffet but the often repeated myth that the job cuts will be a direct result of a rise in the FMW is nonsense; especially when it affects the entire sector.
When the wages of the consumers are kept artificially low or static and prices continue to rise anyway, it's pretty easy to see why we're having economic problems...the consumers can't consume.
Those who oppose minimum wages have a point; yes if you're paying $10 to one employee, you can't pay $5 to two which is what is happening right now. What those people ignore however is the economic engine that will be produced by that one employee getting more money in her purse. Also they (disingenuously in my view) refuse to acknowledge is that a great many businesses can't cut more employees. Last evening, I had Thai food as I usually do. I tend to eat early, go to sleep early, so I can go to Yoga on Saturday Morning as I am about to do. Anyway, there were no bussers working there. My waitress was bussing tables. I guess they could turn the restaurant into a buffet but the often repeated myth that the job cuts will be a direct result of a rise in the FMW is nonsense; especially when it affects the entire sector.