GOP pushes back on raising minimum wage

[RobDownSouth]

NUH UHHHHHHHA!!! Companies eat those cost in never never land where KO lives.

Had you attended an accredited college and stayed awake in Econ 101, you might have learned about such concepts as 'commodity pricing' and 'price inelasticity'.

But you didn't, and you didn't.

 

[RobDownSouth]

Botany boy is whining about people living off the government while he has no job, grows pot and lives off the government because he sucked in combat and took a few to the dome.

Isn't it interesting how the most hardcore preachers of the gospel of bootstrappiness (Botany Boy, Amicus, Ishmael, Vetteman, ad nauseaum) are themselves all suckling on the government teat?

.....and by "interesting" I mean "the absolute pinnacle of hypocrisy".

 

[BotanyBoy]

Had you attended an accredited college and stayed awake in Econ 101, you might have learned about such concepts as 'commodity pricing' and 'price inelasticity'.

But you didn't, and you didn't.

Actually I did, Biology didn't require economics....

I'll cut the asinine shit .....tell me how the cost artificial or otherwise incurred by running a bidnizz (taxes, fees, rent, employees, base materials etc etc all companies have cost),..do not get passed right on to the consumer base?

 

[Boxlicker101]

Actually I did, Biology didn't require economics....

I'll cut the asinine shit .....tell me how the cost artificial or otherwise incurred by running a bidnizz (taxes, fees, rent, employees, base materials etc etc all companies have cost),..do not get passed right on to the consumer base?

Apparently, some people really believe stores and restaurants and other businesses will eat the increased costs of labor and accept reduced profits or losses. There may be some altruists, but I don't know of any. Business people will simply pass the increased costs along io the consumers in the form of higher prices, as they do with all business costs. That's not even elementary economics; that's something a high school freshman would know.

 

[mercury14]

Apparently, some people really believe stores and restaurants and other businesses will eat the increased costs of labor and accept reduced profits or losses. There may be some altruists, but I don't know of any. Business people will simply pass the increased costs along io the consumers in the form of higher prices, as they do with all business costs. That's not even elementary economics; that's something a high school freshman would know.

Elementary economics also says that if minimum wage is increased to $9 per hour that workers will have a lot more money to spend in the economy, canceling out the extra labor costs. It's not like minimum wage workers are saving or investing anything, every penny just goes into increased profit in the exact amount it was reduced in the first place.

 

[Boxlicker101]

Elementary economics also says that if minimum wage is increased to $9 per hour that workers will have a lot more money to spend in the economy, canceling out the extra labor costs. It's not like minimum wage workers are saving or investing anything, every penny just goes into increased profit in the exact amount it was reduced in the first place.

Yes, there will be more money around to pay the increased prices for goods and services, but the volume of those goods and services will remain the same. That's pretty much a definition of inflation.