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A Thought on the Progressives' Push for a $15.00 Minimum Wage.

Posted by Eudaimonia 8 years, 12 months ago to Economics
42 comments | Share | Best of... | Flag

I just had a thought, which might be old news (just not to me).

Everywhere you look, the Progressives are pushing for a $15.00 minimum wage.

And despite the obvious repercussions of businesses closing, they continue their push.

We assume, that they are blinded ideologues and/or economic illiterates.

But, what if they *know* that the increase *will* devalue the dollar?
What if that is the intention?
Could it be a strategy to repay our massive debt to China by devaluing the dollar to worthlessness?

If all of this was true, it would explain our rulers' deafness, indifference,and insistence.

Your comments are welcome


All Comments

  • Posted by wiljac4776 4 years, 10 months ago
    I do know it's been over a decade since the wage has been raised.Everything has went up but paychecks it was overdue 5 yrs ago.The rich have profited off workers now it's time for our Gains!πŸ˜ŠπŸ™ŒπŸ‡ΊπŸ‡Έ
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  • Posted by khalling 8 years, 12 months ago in reply to this comment.
    The ACORN remakes were promising Ferguson protestors $5K a month to protest. that's almost $32/hr. now they are taking back their promise. Nancy Pelosi called it "astro-turfing." that's when it is not a grass roots movement but created and funded from the top down (Soros)
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  • Posted by RevJay4 8 years, 12 months ago in reply to this comment.
    Spot on!!!! When I get into a discussion with anti-oil folks, I love to point out the many things we use everyday which come from oil. "But" is the common response. Luv it.
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  • Posted by conscious1978 8 years, 12 months ago in reply to this comment.
    Another $15/hr brick is laid in the road toward AS non-fiction, government price controls. Although, the image in my mind is one of herding sheep....

    You have collectivists yelling about wages now. Later, when prices are "too high", they will be screaming the government needs to do something to corral the prices asked by the hated business owners (that "didn't build anything on their own.") The socialists grow bolder every day.
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  • Posted by edweaver 8 years, 12 months ago in reply to this comment.
    I think that is what I stated, more or less. The government benefits only if they stop going into debt which is currently not the case. As it is they are burying us all. Inflation, which is devaluing of the dollar, only works for the government if they slow the debt increase to below the rate of inflation. But the taxpayer is screwed either way.
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  • Posted by jsw225 8 years, 12 months ago in reply to this comment.
    What? Unless wages increase faster than the rate at which the dollar is devalued, and they don't, going deeper into debt makes everyone but the richest POORER. Not only that, but the rate of debt increases faster than the available money to pay off the debt, putting us deeper and deeper in the hole.
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  • Posted by $ nickursis 8 years, 12 months ago in reply to this comment.
    Hey, apparently the Progressives in the America Jobs department didn't get the memo:
    Food Service Worker
    Department Of Veterans Affairs
    Portland, Oregon
    $10 to $12

    ... hair nets, hats, and rubber gloves and practices good personal hygiene when working with or around food.Incumbent is required to operate equipment as required and in accordance with instructions; e.g., dishwasher, cash registers, vegetable chopper...

    Ooppss seems they want to have EVERYONE ELSE pay 15.00 an hour, but them.
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  • Posted by johnpe1 8 years, 12 months ago in reply to this comment.
    if everyone made $100,000 per year or more, then
    we would all be happy. . so let's push for an even
    $50 per hour (times 2000 hours) and just watch
    the economy screech to a halt. . Cloward and Piven
    would be soooooo proud of us!!! -- j
    .
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  • Posted by johnpe1 8 years, 12 months ago
    the problem is that it pushes jobs overseas by
    increasing the difference between u.s. and others'
    labor costs. . devaluation, yes, but the horrible
    effects on the people are so awful. . yes, of course,
    people on top often care nothing for the rest. -- j
    .
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  • Posted by $ nickursis 8 years, 12 months ago
    Our rulers "deafness, indiffence and insistence" can be explained by " ARROGANCE.
    The arrogant assumption that I have a Phd in Economics, so I know all, and psychobabble my way to a conclusion that is false. The arrogance of "I am smart, you are dumb, do as I say (then cover it all up with so many stories and lies that the truth disappears). The arrogance of "I can borrow as much as I want, WE will never have to pay it back". And, lastly, the arrogance of "Your money is my money, so in the name of all that's holy social rightness, racial equality, LGBT celebration, diversity manipulation, and Democratic Freedom, GIVE IT TO ME.
    Progressives are the most regressive element in our society. Take what you want, give nothing back, except to those who pander to you, or vice versa.
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  • Posted by starznbarz 8 years, 12 months ago
    It is much more productive - and satisfying, to let the communist tendencies of our current crop of "leaders" play out in real life, agree with their premise that $15 SHOULD be the new minimum, but only if it`s application begins with American military - and congress. That should shut them up.
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  • Posted by strugatsky 8 years, 12 months ago in reply to this comment.
    What the morons that are demonstrating for the higher minimum wage are doing is unemploying themselves. At $15/hour, there will be a lot of better people willing to work at McDonalds and the illiterate idiots will be sitting home watching more TV. Or, maybe that's their plan?
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  • Posted by Herb7734 8 years, 12 months ago
    Why not a $20 minimum? $30? $40? $50? etc. Oh hell, let's make it a nice even $100.
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  • Posted by term2 8 years, 12 months ago
    All I can really tell you is what I will do if the minimum wage is $15/hr. Lets assume there is a year before it gets to that level. First thing I do is try to outsource more from China. Second thing is concentrate on product simplification to reduce the labor content. Third thing is to automate any tasks that I can. Fourth thing is to lay off about 1/3 of our people to keep total wages the same. To the extent all that doesnt allow me to make a profit at current prices, then I raise prices in dollar terms. What all that does to inflation, I really dont know, as its so intertwined and convoluted now with international business and all. If low training jobs pay $15, all other jobs must go up proportionally too, so I would look to take the same actions in the front office. Overall, I have got to think total employment would fall, and outsourcing would at least in the short term increase until the government forbids it. Then prices will really rise, and the economy will shrink. The government has some sort of ulterior motive for sure, but I really dont know what it is- at least right now
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  • Posted by SaltyDog 8 years, 12 months ago in reply to this comment.
    And the economists from the government have the general population believing that deflation is the equivalent of Satan himself, when in fact the only ones in America hurt during a deflationary period would be the tax and spend folks. It would be very good news for the rest of us.
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  • Posted by $ MichaelAarethun 8 years, 12 months ago
    It's only progressive by their dictionary. I don't own a copy myself.
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  • Posted by $ MichaelAarethun 8 years, 12 months ago
    We owe more to England that China last I checked. It's all about the Cycle of Repression whidh stated in financial terms is debt, uncontrollable debt, unpayable debt service (the interest) another war to deflect interest, another crisis, new more fascist laws and government agencies, more spending, inflation, devaluation, and debt repudiation which causes the elderly non workers to die earlier - then start over.

    You missed repudiation? That's when the devaluation of the retirees buying power was not listed as part of the COLA adjustment.
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  • Posted by edweaver 8 years, 12 months ago in reply to this comment.
    This is exactly why they want to devalue the dollar. By increasing the money supply and devaluing the dollar it typically increases peoples wages because of inflation. This in turn increases the amount of taxes paid with which they use the added income to pay off debt that was created by a higher value dollar. This would work, temporarily that is until they are no longer keeping up with the debt payment...which is currently happening. That is when it comes crashing down which IMHO is the path we are on. Hope to be wrong. Doubt it.
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  • Posted by $ jlc 8 years, 12 months ago in reply to this comment.
    This is the way to do it. I have no objections to paying someone $15/hr...I just object to having to do that if they are not actually producing more than that amount. (I think one has to produce about $27/hr in order to break even on getting paid $15/hr. This is from a quick Search - if someone knows a more accurate ballpark figure, please advise.)

    Jan
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  • Posted by NealS 8 years, 12 months ago
    If $15 Minimum Wage is such a great idea, why don't the people that agree with it just do it? Set the example. Why do they want to push their beliefs on everyone else? After all we've got to start somewhere. And if it works out the rest will follow.

    And those that demonstrate against oil should be more than willing to give up some of products they use that are derived from oil. Perhaps they could give up their cars and some or all items made of plastic as a faithful gesture of their convictions. Again, after all we've got to start somewhere, so they should set the perfect example and the rest of us can follow when we're ready.

    Same with PETA and those that don't want cattle to be slaughtered, why don't they just give up their leather shoes, belts, and other derived items from animals and set the example for the rest of us instead of demonstrating against us and actually themselves. If their disuse of these items works out to their benefit the rest of us will follow.

    "My motto, "Practice what you preach or shut your mouth."
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  • Posted by waytodude 8 years, 12 months ago
    With the dollar being devalued, inflation skyrocketing, Jade Helm 15 cutting off any escape to the south (most of us are not tough enough for Canadian winter). We will be like fish in a barrel. Buy precious metals silver to trade, brass and lead to defend yourself the best you can. If you see something bad coming that is out of your control you can over analyze or prepare for what is coming. Everyone here seems to be in consensus about the future as the road we see laid out before us. Find your Gulch. Even if what we suspect don't materialize being in your own Gulch or one with many Gulchers that you and they can count on your life will be more rewarding (speaking from experience of my own Gulch). Be happy it's not the end it's the beginning.
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  • Posted by $ jdg 8 years, 12 months ago
    They don't just want to devalue the dollar, but to bring the whole system crashing down. Read Alinsky.

    I'm just surprised that, before enacting it, they didn't make it as hard to fire an employee as it is in Europe -- so that employers can't get out of it except by going bust.
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