http://www.marketplace.org/topics/wealth-poverty/would-obamas-9-minimum-wage-help-or-hurt-workers#.URwVzRVm4a0.facebook
This is a potential economic disaster if we keep raising minimum wage. It is not about how much money we have, but how far we are able to make it go. If people don't work hard to make $9 an hour stretch further, the only thing we have done is make for more difficult mathematics for less fortunate folks that are already challenged at the math that their current pay gives them. This is mostly because our currency is not based on anything, such as silver or gold. We can print money all day long, but if we did, it wouldn't be worth anything. $7.25 is plenty for a minimum wage and it definitely should not be any higher because folks with small brains would just inflate the dollar with sloppy spending, such that the essentials become more expensive.
The road to prosperity is not via inflation. This subject already came up in
American history, and the route to prosperity proved not to the inflation route.
The only way to prosperity is to bargain in order to drive down prices. The
American people need to bind together and agree not to pay high prices rather
than buying expensive things that are overpriced, and then play the victim.
The road to prosperity is not via inflation. This subject already came up in American history, and the route to prosperity proved not to the inflation route. The only way to prosperity is to bargain in order to drive down prices. The American people need to bind together and agree not to pay high prices rather than buying expensive things that are overpriced, and then play the victim.
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