INDEXING THE MINIMUM WAGE TO INFLATION

why don't we go back to gold and eliminate inflation

If you're going to bother with having one, yes.

The whole idea of a minimum wage is useless in the first place. Plenty of people in the US live off of way less money than they'd make working $7.25 per hour (homeless, many illegals, the countless people living off the grid) Your job doesn't think you're worth that much? Find another job. Can't find another job? Move somewhere else. Don't want to move? Then get fucked like the unambitious poorfag you are.

Why should someone be more productive for the same wage?

When the cost of goods inflates so does business overhead. Do you really think that inflation only affects you?

Fucking retard.

McD serves your meme well it would be stupid to phrase it any other way.

Without increasing minimum wage inflation will inevitably make it worthless over a long enough period of time. Shorter than you think because of compound interest.

That being said. Removing minimum wage in the USA would be a catastrophe. Not as bad as removing the social safety net but still bad.

If your going to be a pussy and be angry at minimum wage when you can clearly separate the problem with colors then I don’t know what to tell you.

Capitalism is not your friend. The west is being destroyed despite it.

no, abolish the minimum wage, if two adults want to enter into a contract, the government shouldn't stop them because the number isn't high enough

>t. ignorant rich kid

Do I think small business owners aren’t affected?

No you god damn retard I specifically brought up the Jews. Money lenders inflate the money retard. Financial instruments. Remember 2008? That’s because of banks doing fucked up shit with the money.

It’s not very complicated once you do just a little research into how banks thought it was a good idea to hedge toxic assets with other toxic assets.

Sounds like the same argument for gay sex congrats user ur a fag

Because their standards have lowered, basically. If no matter what you do you earn at least $7.25 an hour, then you'll end up doing the easiest job that pays min. wage and skip the physical labor job. But if that easy job now pays only $5.00/hr and the physical labor job pays more, then you might do the second one. Alternatively, you could spend more time doing the easy job or just live less wastefully.
I lived through highschool in a caravan with my mother and brother on a wooded plot of land. On that plot we built a beautiful house illegally with our own hands where she's now retired. (I'm paying her living expenses.)
Again, not everyone is like you. Get good you absolute cretin.

upvote

Indexing wages to inflation causes automatic hyperinflation

>Source: New Mexico Voices for Children

I have no idea who they are, but I can tell right away they have zero credibility on economic policy.

T.Based hippie hates hippies

Updoot ur self baby diddler

Sauce

They say a influx of cheap labor from developing nations is good for the economy too and we all know how that went

Why am I talking to a dumbass who cant distinguish between banks and the federal reserve?

Heres your (You)

No because you can't artificially raise wages. The McD's job was worth more 40 years ago because you didn't have to compete with Juan fresh form the border or the automatic kiosk.

you'd need to be making roughly 22/hr to have the same purchasing power as a minimum wage employee in the 1960s.

I have to correct myself, the government printing money to index wages to inflation causes hyperinflation. The same thing would happen if/when SS, medicaid, section 8, etc etc is indexed to inflation. The communist prof pieces of shit at University of Toronto are constantly badgering taxpayers for a raise "because of the housing market". People like them are the cause of 1 million dollar houses.

They probably do make $22 an hour after you factor in freebies from the government.

>forcing wages above equilibrium pushes up inflation
>peg wages to inflation
>the vicious circle begins.

top fucking kek. I'm unironically for this. I've checked out a while ago.

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Should index it to GDP per capita

>Should we index the minimum wage to inflation? Why or why not?

Assuming having a minimum wage is a desirable thing, I can't see why we wouldnt index it to inflation.
the only case I can see someone not wanting it to be indexed to inflation is that he dont want minimum wage to exist and so preach to it not be indexed to inflation (because he knows it will never cease to exist) and so at the future it be equivalent to no minimum wage

like what? If I'm some random guy making minimum wage, what benefits am I getting that gets me to 22/hr? What you're saying implies about 10-14/hr roughly in "freebies", or 20,800-29,120 a year. How much of that is counteracted by the fact they're still paying state and federal income tax and sales taxes?

Raising min wages is one of the causes of inflation dumbass

Probably. Jow Forums doesn't know that the minimum wage was conceived as an anti-immigration measure...

That wouldn't help much. The big cost centers for people nowadays are rents, college, and healthcare, and I guess auto loans?

This.

>180423629
>why don't we go back to gold and eliminate inflation

new order of barbarians text ( pastebin.com/cFa6x8M8 ) has a bit about it as always do.

"FINANCIAL CONTROL
There was discussion of money and banking. One statement was, "Inflation is infinite. You can put an infinite number of zeros after any number and put the decimals points wherever you want", as an indication that inflation is a tool of the controllers."
This can be seen at japan where they made the economy inflationary "because it would help the economy" and then the economy becomes worse and they say "the problem is that we didndt inflated enought"

BRING
BACK
GOLD

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Banks are banks my dude it’s just different levels of sophistication why I am talking to a retard who’s financial education consists of money market accounts and Roth IRAs

Tru

No speculation from developers and predatory financial institutions are the reason for the housing bubble and it will come crashing down just like it did in 2008

Fake and gay only degenerates get freebies

It only works if you are a degenerate living in the ghetto, then you can get thousands per month.

No minimum wage is a red herring inflation is caused by banks lending money they created out of thin air to speculators, that’s loterally what it fucking means when they lower interest rates dumb fuck, it means they are printing more money at THAT SPECIFIC RATE to lend out.

Minimum wage has fuck all to do with inflation because inflation is caused by banks making loans, this is the only thing that causes it.

Inflation doesn't exist. When prices go up in your country only, it means the value of your currency declined. Currency is devalued every time the central bank creates more out of thin air.
>inflation is a made up concept to keep you from realizing that the (((federal reserve))) is fucking you to make (((them))) richer. Learn about central banks and fractionally backed currency. Only percent of our country's currency is in actual cash. The rest was created out of thin air by the (((fed)))

Ummmm... Before our currency was devalued and our blue collar jobs were shipped overseas by globalism, it was very possible to not have a college degree, be average intelligence, work hard, and support your family and buy a home. Those days are long gone, but shouldn't be.

I know all this shit. Thank you for agreeing with me. Raising minimum wage might eliminate jobs but it has absolutely ducking nothing to do with inflation which is ONLY caused by banks printing more money you fucking retards.

The banks continuously print tons of money, making the money you has worth less, and they convinced you retards it has something to do with paying niggers 7.50 an hour at McD.

You get everything you deserve you boomer cucks but I feel terrible for your children every time I seen those lost fuckers staring into their phones to escape your retardery.

How many thousands? It would have to be 1,733-2,426 to fit into this scenario. I've never heard anyone receiving that much in "freebies".

Thanks you get it

This. End the fed and (((fractionally based currency))) and things will start fixing themselves when they're not artificially manipulated anymore.

reminder that inflation is outright theft

1800 is doable.

I’ll break it down:

Free housing, this is a thing in the ghetto. 1k per month rent

Food stamps for your family of five

1k month

Throw in Obama’s phones free healthcare yada yada yada it’s easy to hit 2000 a month in gibs

Minimum wage stays low because someone keeps shipping in poor people from shithole countries that will work for next to nothing...

Taxation without representation is theft

Audit the fed

Who would do that?

Not the rich people who appreciate the freedom and liberty minded workers right?

if you want to loose more jobs sure. self check out is a thing now in some locations and self order is as well. factories are dying thanks to the tariffs and there is a question as to what farms are supposed to do without subsidies to not farm

its a labor surplus that will grow. homelessness on the rise in many states. if you want more money die in a gutter is what the government says but companies wont pay you more even if the government supports the idea

t. Jew
Inflation is good for people in debt.

Sure schlomo. And let me guess, if one of those people is a dirt poor immigrant who will work for pennies, so much the better for the (((business owners)))

Good. If you can't compete with brown people then you don't deserve that wage. They are willing to work for less than you because they are TOUGHER than you. Now, that said, they may not be smarter than you, so the way I see it you've got two choices. You can either toughen up and get on their level, or you can use that superior first world intellect to better your situation.

They'll just lie about the inflation rate and find ways of systematically underreporting it.

>using government money
guess the mohels took your spine too eh?

You're misunderstanding my position, but I will say that minimum wage has absolutely been kept artificially low by mexican followed by African and middle eastern immigration. The fact remains that there are honest hard working people with not so high IQ that have limited choices of careers now that manufacturing and factory jobs are gone, and have to take low end jobs. I truly believe that if these folks work hard, and do a good job, they ought to be able to support their families.

Yeah, that's the healthy kind of inflation, the kind where the economy is growing.

In the OP's chart you can clearly see the distance between is reset and minimized. It's actually pretty funny that he thinks a chart showing that a 1 time raise in the minimum wage isn't the be all end all in an economy that's naturally inflationary is helping make his point, considering that's the entire case for raising the minimum wage.

>Yeah, that's the healthy kind of inflation, the kind where the economy is growing.
wtf is this? so increasing minimum wage will to 20$ will get us to 5% gdp? I have never heard someone make a claim like this, not even keynesians. pls explain

If you have a kid in public school, that's $10,000 a year there. The only adults who work those jobs full time are fat middle age minority women

When a bank creates a loan, they imagine that money out of thin air. Guess what entity extends that authority?

The housing bubble... otherwise known as "sub-prime real estate bust" otherwise known as the government giving money to bums

what? no, that's clearly the most retarded interpretation of what i said. This principal does not apply infinitely and it's retarded to assume it should.

But mandating a reasonable cost of living adjustment periodically should help prevent a slavery typed situation.

The inflation is caused by an increased labor and consumer participation, more people buying more shit require more resources.

It's a hell of alot better than the artificial inflation the fed is trying to force by adjusting interest rates.

Section 8
Medicaid for you and your three kids by three different fathers
$30,000 a year for public school
You let one of your nigglets eat lead, so they're on disability
Foodstamps
Other government services like police, which you don't pay your fair share toward
etc etc etc

>But mandating a reasonable cost of living adjustment periodically should help prevent a slavery typed situation.
>The inflation is caused by an increased labor and consumer participation, more people buying more shit require more resources.
A huge portion of that money would end up straight into a landlord's pocket. Raising minimum wage is a landlord enrichment program

This would be fine if we cracked down on foreign real-estate investment. Which is long overdue.

Chinese land ownership is cancer. Pic related was a small suburb of seattle's sister city Bellevue. 5 bedrooms as low as 260k in 2010 (minimally effected by the housing bubble burst)

Attached: Itsfuckingruined.png (622x496, 609K)

Nobody that is worth anything is making min wage. Min wage is for retards.

Employers will just hire illegals.