In response to:

Barack Obama and the Teachable Wage

plantfood Wrote: Feb 17, 2013 2:38 PM
Minimum wage raising is an illusion. Raise it and the ones who are paid that rate benefit for a couple of months. Then prices are adjusted up and these same folks are where they were before. Those making a little above that rate have lost their extra spending power so more people are struggling to get by. The only winner is the government as it can collect more taxes on the higher wage and on the higher prices that result from the cost of equalizing expenses.
OBAMA-DRAMA Wrote: Feb 17, 2013 2:42 PM
You are correct. Raising the minimum wage is a form of redistribution... nothing but... which only cause prices at the cash register to not only ever rise but do so ever more quickly.

February 17, 2013

The U.S. President wants to up the national minimum wage to $9 per hour. How daring.

Such pushes to increase the legal minimum wage often succeed. There’s no mystery why. Most folks’ wages are not directly affected; we work for far more than that minimum. So it’s about other people. One consequence of this is that we don’t think very carefully about the logic of the regulation.

Which is why so many of us simply bow to social pressure, thinking that opposition to raising the minimum wage is “uncaring.”...

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