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Fri Jan 31, 2014, 10:52 AM

The problem is min wage isn't going to get increase UNTIL Corporations and uber rich feel it in

their pockets.

Look at the way and how min wage is always been raised it is when profits suffer and the rich aren't getting that rich.


Our economy is growing at a crawl but it is growing.

When corporations and uber rich start feeling it in the pocket book that is when you are going to see a jump to raise the min wage.

This is what a my cousin who is going for a masters degree in economics explained to me.

Don't know if his theory is right but I thought I put it out here.

I expect to get flamed.

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Reply The problem is min wage isn't going to get increase UNTIL Corporations and uber rich feel it in (Original post)
diabeticman Jan 2014 OP
earthside Jan 2014 #1
gollygee Jan 2014 #2
diabeticman Jan 2014 #4
Bluenorthwest Jan 2014 #3
diabeticman Jan 2014 #5

Response to diabeticman (Original post)

Fri Jan 31, 2014, 11:00 AM

1. That is an interesting thought.

Of course, because of off-shoring jobs and cheap imports of products, the corporations and uber rich are just not going to ever feel any discomfort ... at least in the short to mid-term future.

If we are going to see an increase in the minimum wage, it will be the results of political action, i.e., Democrats have to win in November.

It is a rather depressing notion to confront that if the political paralysis in this country continues and working and middle class folks keep slowly sinking, then we are in for some seriously difficult times ahead.

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Response to diabeticman (Original post)

Fri Jan 31, 2014, 11:03 AM

2. I have never heard the rich be in favor of minimum wage increases

Not a single time the minimum wage has increased have I heard anything from the rich except that it would cause horrible economic consequences. I've never heard that it was a good idea from anyone except working people and progressives.

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Response to gollygee (Reply #2)

Fri Jan 31, 2014, 02:34 PM

4. looks to me the republican politicians are being given their new matching orders

Granted this is talking about food stamps cuts.

http://www.democraticunderground.com/10024420847

BUT when you see a talk about Food stamps being increase Min wage isn't far behind.

At least this is what my friend was laying out in his theory.

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Response to diabeticman (Original post)

Fri Jan 31, 2014, 11:05 AM

3. Here it is already at 9.10 an hour and the rate is tied to the cost of living so it

 

rises a bit most years, automatically under the law. This also the case in Washington State, where it is currently at 9.30 an hour.

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Response to Bluenorthwest (Reply #3)

Fri Jan 31, 2014, 02:35 PM

5. lucky. we are stuck at $7.25

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