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Reply #31: I don't think wages have to go up in order for prices to increase. [View All]

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-17-11 05:02 PM
Response to Reply #28
31. I don't think wages have to go up in order for prices to increase.
Edited on Wed Aug-17-11 05:03 PM by kentuck
I think there is still some competition in the market and if there are higher wages or higher taxes, competition has a lot to do with whether or not prices go up. With oil companies, it may not work. Monopolies can control the price, more or less.

However, if the minimum wage went up, that would put more money into the economy. Whether it would create inflation (higher prices) is not known as a fact.

If people are only patient and wait awhile, we will have an employees market. Then we can expect wage increases. Unfortunately, some people cannot wait. They don't eat every year or two - they eat every day.

Personally, I do not think a $10 minimum wage is too high.

Also, I think that if the business sector cannot create enough jobs for the people that need them, then it is the responsibility of government to help create jobs for these people. That is a legitimate purpose for government, in my opinion.
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  -It's not "Jobs Jobs Jobs". It's "Wages Wages Wages". DefenseLawyer  Aug-17-11 01:48 PM   #0 
  - Need jobs before you can even think about wages  Broderick   Aug-17-11 01:48 PM   #1 
  - Full employment at subsistence wages  DefenseLawyer   Aug-17-11 01:53 PM   #7 
     - I understand what you mean  Broderick   Aug-17-11 02:04 PM   #13 
     - well, no, but subsistence wages are better than nothing  Yo_Mama   Aug-17-11 02:19 PM   #18 
        - Is it really? In the long run?  DefenseLawyer   Aug-17-11 02:24 PM   #21 
           - Let me reiterate  Yo_Mama   Aug-17-11 02:44 PM   #24 
  - This is true also.  woo me with science   Aug-17-11 01:50 PM   #2 
  - Recommend  xchrom   Aug-17-11 01:51 PM   #3 
  - Right now, the conversation doesn't include either.  phantom power   Aug-17-11 01:51 PM   #4 
  - Can it be both both both?  Fleshdancer   Aug-17-11 01:52 PM   #5 
  - You're not really needed to produce or consume  The2ndWheel   Aug-17-11 01:53 PM   #6 
  - It's always a supply & demand vortex  SoCalDem   Aug-17-11 01:53 PM   #8 
  - Sad but true...  GKirk   Aug-17-11 01:56 PM   #9 
  - Wow. That's an "Unrec. Unrec. Unrec!" Full employment gives the power to EMPLOYEES in wage  Romulox   Aug-17-11 01:56 PM   #10 
  - Wrong  DefenseLawyer   Aug-17-11 02:00 PM   #11 
  - LOL. Right supply and demand no longer applies to the higher paying skilled jobs of today!  Romulox   Aug-17-11 02:03 PM   #12 
  - You folks will wake up sooner or later  DefenseLawyer   Aug-17-11 02:04 PM   #14 
     - I'm not "pro-business" in the slightest. I'm PRO WORKER  Romulox   Aug-17-11 02:06 PM   #16 
  - The poster is correct  Broderick   Aug-17-11 02:08 PM   #17 
  - Short term vs. long term  DefenseLawyer   Aug-17-11 02:20 PM   #19 
     - If you are a lawyer  Broderick   Aug-17-11 02:37 PM   #23 
        - The people, like you apparently, that say we need to "compete in a global economy"  DefenseLawyer   Aug-17-11 02:48 PM   #25 
           - Now hold on  Broderick   Aug-17-11 03:10 PM   #27 
              - No, I am not "pressing for higher wages"  DefenseLawyer   Aug-17-11 04:17 PM   #29 
                 - okay, that makes a bit more sense to me  Broderick   Aug-17-11 04:50 PM   #30 
  - The solution to both problems of unemployment and low wages is to remove profit from outsourcing.  AdHocSolver   Aug-17-11 03:05 PM   #26 
  - Only if everyone is essential  The2ndWheel   Aug-17-11 02:06 PM   #15 
  - This is a realistic perspective, honestly. Shift income distribution. +1 nt  fishbulb703   Aug-17-11 02:21 PM   #20 
  - I think you may be on to something there Lawyer?  kentuck   Aug-17-11 02:25 PM   #22 
  - Explain how the last minimum wage increase  Broderick   Aug-17-11 03:25 PM   #28 
     - I don't think wages have to go up in order for prices to increase.  kentuck   Aug-17-11 05:02 PM   #31 
        - Appreciate the response  Broderick   Aug-17-11 05:10 PM   #32 
           - Naturallly if you put too much money into the economy, you would have inflation.  kentuck   Aug-17-11 05:24 PM   #34 
  - You are correct. Jobs are unimportant to the powers that be, there are enough  flamingdem   Aug-17-11 05:12 PM   #33 
  - Multi-National UNIONS!! to counter the Banking Cartel's IMF WTO World Bank G7 G20  StarsInHerHair   Aug-17-11 05:28 PM   #35 
  - Chicken? Or Egg?  cherokeeprogressive   Aug-17-11 05:28 PM   #36 
  - I think those assumptions are outdated  DefenseLawyer   Aug-17-11 11:11 PM   #38 
     - You're entering the realm of fair trade vs. free trade.  Selatius   Aug-18-11 08:11 AM   #47 
  - It's both  sakabatou   Aug-17-11 05:28 PM   #37 
  - no we don't  TorchTheWitch   Aug-17-11 11:19 PM   #39 
  - Right, just be happy you have a job, take what the corporate world has to offer and be happy  DefenseLawyer   Aug-17-11 11:23 PM   #41 
     - For a lawyer, you don't make very pointed arguments.  Romulox   Aug-18-11 07:47 AM   #42 
     - WHAT job???  TorchTheWitch   Aug-18-11 10:40 AM   #49 
        - I'm talking about where we go as a country, not about your life, or mine  DefenseLawyer   Aug-18-11 10:50 AM   #50 
  - Actually it is both.  nadinbrzezinski   Aug-17-11 11:22 PM   #40 
  - Indeed, the very idea that you can have one without the other is bizarre.  Romulox   Aug-18-11 07:48 AM   #43 
     - Obviously we need jobs. It's not one instead of the other, it's about our focus long term  DefenseLawyer   Aug-18-11 10:35 AM   #48 
        - You're arguing against GLOBALISM/"Free Trade"/Neoliberalism now.  Romulox   Aug-18-11 12:52 PM   #51 
  - Everyone's wages and benefits were at one time patterned after union contracts  NNN0LHI   Aug-18-11 07:57 AM   #44 
  - Tell that to the tens of millions who are unemployed and underemployed  MadHound   Aug-18-11 08:00 AM   #45 
  - Both!  Little Star   Aug-18-11 08:02 AM   #46 

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