On Magnitude and Minimum Wage: How Raising Minimum Wage Trivializes the Value of a Dollar

Perhaps, the most grievous part of our America’s situation is not that the middle and working class are shrinking, while the ranks of the underclass and the working poor increase is that there is a total loss of the value of the dollar. For example, ask a regular someone the difference between $5 and $7 and they will say two dollars, and not think much of the difference when spending when the real difference between these is a full 200 units!, pennies that is.

So, the problem is that 200 pennies are not being spent wisely. That is a lot of units of our currency. Ask someone the difference between $2 and $202 and he or she will probably say there is a huge difference. Do you see the problem with this mentality that disrespects the value of a penny.  It is the mentality of a Democrat, and that has to change if America is to have a bright future. The 99% can't continue on spending like they are drunk unable to pay respect to the value of a penny.

The fact is that every time government steps in to raise minimum wage it makes things worse.  Because when minimum wage is raised, the prices of goods also rise.  They rose in my parent’s generation, and they rose in mine.  What is even more worse is that it becomes more difficult to determine the magnitude of prices when people with less than amazing skills are calculating how much money they will need at the checkout counter.