Time to give America a raise!

[Quineloe]

Originally Posted by loramin [You must be logged in to view images. Log in or Register.]

I'm not sure that's quite right: normally inflation helps people with debts, and hurts debtors.

we no longer have a normal situation. We have the absurd situation of "creating" billions, but not getting these billions into circulation. All this money does right now is create more debt and interest.

I'd say a minimum wage of around $15 sounds reasonable for any sort of trained work, $12 for untrained work. Don't say we can't afford that, we easily can, we just choose to make more millionaires billionaires. Ask yourself, do you want a downward spiral on wages so your country can remain competitive on exports until the competing countries adjust their wages downward so they're competitive again or do you want a strong demand for your products at home.

I'll repeat what I said before, a job that pays so little, the employee is still entitled to welfare benefits, is an anti-social job (the employer has the entire society pay part of the wages) and it's anti free-market (the employer beats the competition that pays more than minimum wage and doesn't rely on society to pay for his employees). Therefore, for a true capitalist, these jobs are not worth preserving and if they're lost due to a higher minimum wage, nothing of value is lost.