It should be raised, but both slowly and slightly. For example, raising it to roughly 9$ over the span of 5-6 years.
1) Prices won't necessarily rise. Consumerism is still a factor, and everyone is perfectly capable of not buying a product.
2) #1, however, has a hole in it. Industries and companies that have been built upon the minimum wage, like Walmart, will inevitably raise their prices.
So yes, inflation will occur; however, U.S. citizens are already footing the bill as is. Many/most of Walmart's employees are currently on welfare. I would prefer paying for that increase on my own dollar rather than through tax money.
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Alot of Walmart employees are disabled, so that's part of it, also hours are cut because of things like Obama care. My view is eliminate minimum wage. Wages will rise naturally. Government needs to stop inflation on their end with the constant spending,borrowing, and printing. Trust me even of you raise it slow prices will rise extensively, because all wages would rise to compete. Hours would be cut even more Wed have more people being laid off
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Ok so how would wages rise naturally. Isn't there a lot of competition in the unskilled labor market?
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Yes that's the point. Unlike competition on prices, when it comes to wages companies compete for good workers by how much they pay. Obviously if they pay too much theyed have to rise prices of their goods and services but giving raises helps keep people working for them. People can choose to move on if theyer not paying enough and this way the harder workers will be rewarded and the poor workers will be weeded out. Negotiations will come back because the companies won't take advantage of the minimum wage.
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Editado por ShapelessHorr0r: 3/22/2016 3:42:09 PMNo I meant the other way. I think there are too many unskilled workers, driving wages down. -immigrants -teenagers -regular people Etc I'm perfectly aware of how too few workers would affect wages.
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Well obviously we need to stop illegals from coming here and stop them from getting employement. There would still be low paying low skill jobs and that's the point of them. If you want more you work for it by iether climbing the corporate ladder or you start your own thing or go to school. They wouldn't be payed slave wages trust me because then they wouldn't have any workers. For one Noone would work for them and 2 if businesses did do that the community would suffer if the community suffers then they suffer because they lose business
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1) Illegals were simply an example, but I think they are testament to the fact that employers don't care about good workers in the unskilled markets as much as they would in skilled markets. 2) Of course, businesses wouldn't drop the wages that low, but they could still drop them. You're also assuming other businesses wouldn't also drop wages steadily.
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They wouldn't. It's called unleashing the free market. If people are willing to work for less they'll pay less. That would make the economy boom. Government beurocracy is the problem.
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And I would agree. I would rather minimum wages be increased...why you ask? Because the minimum wage is not enough to live on, welfare is being distributed. I, frankly, want my tax dollars going elsewhere. Therefore, I would rather the price of goods be raised, and everyone have the choice to purchase them, including those earning the now 9-10$ minimum wage. I despise government control. The industrial revolution taught us that capitalism eats itself, unfortunately.
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That's the thing though. It doesn't. We've never had pure capitalism and we never will but reagan proved that the free market unrestrained helps people. Do some research stay away from left wing articles just so you can see the real history. Free market capitalism uses personal self interests of everybody instead of the self interests of the government
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Reagan worked within the changes that were brought in by the Industrial Revolution and the Great Depression. Both events significantly impacted our economic and political beliefs to what it is today. The 2008 stock market crash is, arguably, a third, but I have yet to do extensive research. Both events were brought on by capitalistic thinking and policies. Completely unrestrained markets fail same as markets that are controlled throughout. Both destroy competition, either immediately or overtime. That's why I want the minimum raised only a slight amount, allowing for both the competition of capitalism but the stability of socialism. [spoiler]sorry for the wait, touring Clemson, playing Starcraft, usual bullshit[/spoiler]
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[quote]Reagan worked within the changes that were brought in by the Industrial Revolution and the Great Depression. Both events significantly impacted our economic and political beliefs to what it is today. The 2008 stock market crash is, arguably, a third, but I have yet to do extensive research. ----reagan created the biggest boom to the economy in history. The great depression was created because of trade wars with tarifs on imports.(trump wants to repeat that crap) minimum wage didn't solve it ww2 did if it wasn't for the war FDR would've immidiatly caused more of an economic crash. 2008 was caused by FDR and bill clinton. Housing bubble people who couldn't afford homes were given loans Both events were brought on by capitalistic thinking and policies. Completely unrestrained markets fail same as markets that are controlled throughout. Both destroy competition, either immediately or overtime. ----that was proven false by reagan but was quickly undone when the first bush raised taxes. That's why I want the minimum raised only a slight amount, allowing for both the competition of capitalism but the stability of socialism. I don't want socialism period [spoiler]sorry for the wait, touring Clemson, playing Starcraft, usual bullshit[/spoiler][/quote] No problem
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[quote][quote] ----reagan created the biggest boom to the economy in history. The great depression was created because of trade wars with tarifs on imports.(trump wants to repeat that crap) minimum wage didn't solve it ww2 did if it wasn't for the war FDR would've immidiatly caused more of an economic crash. 2008 was caused by FDR and bill clinton. Housing bubble people who couldn't afford homes were given loans [b] 1) The world wide Depression occurred due to tariffs, but the initial recession (which led to our congress passing the Holley-Smoot tariff) was caused by capitalistic thinking...a lack of oversight. 2008 occurred because banks were giving those loans out in search of more profits. That could have been stopped through regulation. Regulation. Laws. Etc 2) I didn't intend for you to interpret it that way. What I meant was that Reagan created that boom with those policies in place. Policies like the various food acts (Ind Revolution), social security, and the minimum wage (Depression). In other words, he didn't prove that a [u]fully unrestrained[/u] market worked [/b] ----that was proven false by reagan but was quickly undone when the first bush raised taxes. [b] In what way, specifically[/b] I don't want socialism period [b]It's required. The FDIC is socialistic. TVA is socialistic. Public school is socialistic. On a strict level, the military is socialistic. Social security is socialistic. Clean air and food acts are socialistic. The interstate is socialistic. Socialism breeds stability. Capitalism breeds innovation.[/b] [spoiler]sorry for the wait, touring Clemson, playing Starcraft, usual bullshit[/spoiler][/quote] No problem[/quote]
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The military isn't a socialist thing. Social Security sure but I don't agree with it and niether did reagan but he wasn't about to let it go down when people had been paying into it for years I would've done the same. I never said a completely unregulated market but it needs alot of deregulation. Government is too bloated. This country is on the verge of pure socialism it's time to scale way back
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Yes and no. It depends upon the topic at hand. But the military is a socialist program because everyone receives the exact same benefit from it, but everyone is taxed differently. It's inherently wealth redistribution. Same as virtually every other program I mentioned.