Obama raising minimum wage. I could hear all the ignorant people cheer at this.

[scotyg]

so fuking what???? you think a 10 cents raise on your milk is too much so that 10+ million people can afford to put food on the table??? GTFO *******s

brb cost of living only applies to milk

[miscsleepdoctor]

It was a joke.....

obviously....

still hoping people reading this thread will watch this though...

[iron_monster]

So great, now everything can get more expensive

[NickD25]

Bro, raising the min wage is a ****ty way to help the poor because it affects the entire economy. The Best way to help the poor is higher earned income tax credits. For a family with low income, this credit exceeds its taxes and they basically receieve a payment from the govt.

**** that ****. there should be no credits like that. People should not be allowed to leech on society.

[nosliw]

avg miscer - My dad's ballin and im a college student I know a thing or two about economics.

inb4 every miscer comes at me i paved my own path in life pulled myself up from bootstraps etc

lol so much this

[mcboo2]

Op please stop posting, your making republicans look even more moronic. Yeah bro that .30 cent increase that affects less than 5% of the population is surely gonna raise the cost of living for everyone! LOL and your college educated. 1000-1 its a state school. Holy **** you're an embarrassment

[mazaa]

Idk why they don't just raise it to 25/hr. We can all live comfortably then!

Not sure if srs...
The cost of living would go through the roof..
Take away, cars, tools, groceries, etc. would all increase in price.
More money = more demand
More demand = less supply
Less supply = higher prices (exclusive)
Doesn't mean everything's "exclusive" btw.

And higher wages = higher end product cost

Think before you speak/type bro..

May be a troll post... Fekk.

[iron_monster]

good analysis OP im sure you have more financial knowledge than the president

Since when does Obama have any financial knowledge

[sloan51]

anyone who thinks that the federal or even state minimum wages are adequate are retarded.

in MA minimum wage is $8, which is much higher than the federal.

full time job @ min wage = 16,000/year

barely breaks the poverty line, and it hasnt increase in years compared to cost of living which has been steadily rising.

[iron_monster]

Not sure if srs...
The cost of living would go through the roof..
Take away, cars, tools, groceries, etc. would all increase in price.
More money = more demand
More demand = less supply
Less supply = higher prices (exclusive)
Doesn't mean everything's "exclusive" btw.

And higher wages = higher end product cost

Think before you speak/type bro..

^^^this is what's happening in your country

[reverse79]

minimum wage in washington

9.19

who's mad?

[John L]

Not sure if srs...
The cost of living would go through the roof..
Take away, cars, tools, groceries, etc. would all increase in price.
More money = more demand
More demand = less supply
Less supply = higher prices (exclusive)
Doesn't mean everything's "exclusive" btw.

And higher wages = higher end product cost

Think before you speak/type bro..

They can just print more money and give it to the businesses that have to pay the new minimum wage to make up for it

[7thbrah]

**** that ****. there should be no credits like that. People should not be allowed to leech on society.

The bottom of society will always be leeches bro, have to accept it.

[mazaa]

^^^this is what's happening in your country

You think I don't know that?
It's phucking terrible, a standard 3 series BMW costs us about 95K brand new here, da fuq.

Everything is phucking expensive.

They can just print more money and give it to the businesses that have to pay the new minimum wage to make up for it

Fuark good thing you're trolling, I would've thought you had gone full potato!

[miscsleepdoctor]

anyone who thinks that the federal or even state minimum wages are adequate are retarded.

in MA minimum wage is $8, which is much higher than the federal.

full time job @ min wage = 16,000/year

barely breaks the poverty line, and it hasnt increase in years compared to cost of living which has been steadily rising.

Thats not what we are arguing here.

Ideally, everyone would be ballin making all kinds of money, to come home to their happy family.. Completely free from debt/ worry etc. But thats not the case here and raising the minimum wage is going to do nothing but continue to kill the middle class...

[iron_monster]

You think I don't know that?
It's phucking terrible, a standard 3 series BMW costs us about 95K brand new here, da fuq.

Everything is phucking expensive.

I was looking at prices in Aus today. The only good thing seems like low taxes to make up for a really high cost of living

[milkbrah]

At this point I seriously wouldn't be surprised if he proposed that the government simply print more money.

The "Make it Rain Act" of 2013.



National debt? Zero.
.

it's called quantitative easing tim

[7thbrah]

It blows my mind all the misc economists think the most complex economy in the world can be solved by them. Seriously, every time Obama does something they start predicting the apocalypse.

If the US economy was that easy to figure out and the cause and effect links were simple enough for the average miscer to understand, your country wouldn't be riddled with debt, now would it? Because I'm sure all you economists would be able to think of a plan to eliminate the debt easily. I mean, you just have to cut all social programs to the point a 3rd world country has more social services than you, right? Oh, don't forget about lowering taxes. Lower taxes is sure to lower your debt.

Glad to know we can all sleep at night because the misc economists are able to predict the future of the economy all because they took an economics course in college.

Min wage =/ the entire economy

[momo5]

minimum wage goes up every now and then.. OP is a fcking retard. If you have such great insight in to economics why don't you fcking apply for the job and fix it dumb fck.

[mazaa]

I was looking at prices in Aus today. The only good thing seems like low taxes to make up for a really high cost of living

We use the progressive tax system.
There's 3 brackets;
Low income
Medium income
High income
The low income earners pay very low tax, medium income earners pay decent tax, and high income earners pay the most.
Now I find this to be a bs system, it's not fair that those that work harder are taxed higher than those with less.
Business owners take the risk of running a business, only to be taxed greater than everyone else.
There should be a flat tax rate that everyone should agree with.

Of course the poor people say "it's not fair we don't have money" while we use this progressive method, but if they were wealthy I doubt they'd want to use this method.

Fuark, good thing I paid attention in economics and business management lulz.

[miscsleepdoctor]

It blows my mind all the misc economists think the most complex economy in the world can be solved by them. Seriously, every time Obama does something they start predicting the apocalypse.

If the US economy was that easy to figure out and the cause and effect links were simple enough for the average miscer to understand, your country wouldn't be riddled with debt, now would it? Because I'm sure all you economists would be able to think of a plan to eliminate the debt easily. I mean, you just have to cut all social programs to the point a 3rd world country has more social services than you, right?

The answer actually is very simple and logical. But the system was not setup to be simple and logical, it was designed to enslave every citizen.. Dead srs


Do some reading on the federal reserve my son, you have a lot to learn still/.........

[John L]

Fuark good thing you're trolling, I would've thought you had gone full potato!

Not sheriff srs

Minimum wage to 25 = consumers have more money to spend. Consumers with more money to spend + more money being printed to make it up to the businesses = more money in the economy. More money = more wealth. More wealth = more prosperity

[HMFIC_BROWSIN]

hold the fukin phone. $9.00 really? is this like what he actually said? how the fuk is that even possible? the consequences of this would be relatively devastating IMO. not as bad as the housing collapse the gov't caused but definitely close.

[sloan51]

Thats not what we are arguing here.

Ideally, everyone would be ballin making all kinds of money, to come home to their happy family.. Completely free from debt/ worry etc. But thats not the case here and raising the minimum wage is going to do nothing but continue to kill the middle class...

If it is agreed that $8 an hour isn't an adequate wage, then it should be raised.

Just because minimum wage goes up, doesn't mean the companies HAVE to pass on the extra money to the consumer. That is their choice. I have more of an issue with corporations caring so much about such an insignificant increase in salary, that they they push that on the consumer. I'm sure the companies are much more capable of absorbing the increase than the general public right now, but they don't give a flying ****, which is their right and choice. But don't blame the government.

The same arguments were made when minimum wage came into effect, even though at the time workers were literally in sweat shops facing borderline slave conditions. Its not a government problem, its not a leech on society problem, its a corporation trying to squeeze every dollar out of the citizen's problem.

[7thbrah]

Not sheriff srs

Minimum wage to 25 = consumers have more money to spend. Consumers with more money to spend + more money being printed to make it up to the businesses = more money in the economy. More money = more wealth. More wealth = more prosperity

Max trolling

[Ochosiete]

just curious, if minimum wage goes up, do the rest of us get aa increase in our hourly wage??.... im guessing no

[Sounds Good]

28% raise in min wage. Sounds like sound finance

[jon555]

The only people who should be for this are the people making minimum wage now...aka the fuk ups with nothing going for them.

The rest of you will see a relative loss in income.

[NickD25]

It blows my mind all the misc economists think the most complex economy in the world can be solved by them. Seriously, every time Obama does something they start predicting the apocalypse.

If the US economy was that easy to figure out and the cause and effect links were simple enough for the average miscer to understand, your country wouldn't be riddled with debt, now would it? Because I'm sure all you economists would be able to think of a plan to eliminate the debt easily given that you guys are predicting what goings to happen now with 100% accuracy. I mean, you just have to cut all social programs to the point a 3rd world country has more social services than you, right? Oh, don't forget about lowering taxes. Lower taxes is sure to lower your debt.

Glad to know we can all sleep at night because the misc economists are able to predict the future all because they took an economics course in college.

Cut off all foreign aid..... problem solved.

[juiceyjay]