healthmyths
Platinum Member
- Sep 19, 2011
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It is a myth that raising minimum wages cause inflation.
A cherished myth, too, I note.
the minumum wage ought to be set by the CPI.
And the CPI ought to reflect the real cost of living, which let's face it, right now it does NOT.
for instance.,..does anyone here really think that the cost of living only went up 1.7% last year?
That's what our state economists want us to believe.
Are you aware that by raising minimum wage from $7.00 to say $9.00/hour
over a year the employer pays not only $4,160 in additional pay with NO return on the additional pay.. but has to also pay
$330.00 more in taxes.
So if Obama's proposal is accepted... WHAT do you think the employers will do???
A) They are NOT going to higher MORE PEOPLE
B) They will reduce the hours of current employees to keep from paying MORE!
A small business owner with 50 employees would have with Obama's stupid ass suggestion that costs to meet $9.00 will
take $208,000 out of the business!
What the owner will do is either lower the hours of EVERYONE or let at least 3 employees go!
ONE THING for SURE??? The owner will NOT be hiring anyone who has minimum skills, stupid enough to have a family of 4 and is 40 years old! That is for sure!