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Thread: Seattle mayor unveils plan for $15 minimum wage

  1. #121
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by apdst View Post
    Its a vicious cycle; raise wages and prices will go up. It may be more than the market can bear.
    Y'know, look at Hawaii sometime, the land where milk is $9/gallon and house prices are hideous. Just because prices are higher doesn't mean the market can't bear it.

    And market forces are universal, right? The law of supply and demand apply everywhere, right? Then why is it that when I go to a third-world nation, Starbucks costs almost as much as it does here? Why is it that food still costs almost as much as it does here? Why is it that cars and electronics cost twice what they do here? This is despite the fact that poverty is so rampant in such places.

    My point is, the fear that higher wages automatically results in higher prices is not an iron law - it is not an infallible rule of economics. If it were, then why is food not much more expensive here in high-cost Puget Sound as it is in the poverty-ridden MS Delta? Why are the costs the same? The houses are cheaper there, but rent is not that much cheaper. Motel rooms cost the same there as here. Gas costs just a little less than it does here. Walk into a convenience store and pretty much EVERYTHING costs the same there in the MS Delta as it does in Puget Sound.

    If high wages automatically equaled higher prices, then that would NOT be the case - almost everything would be cheaper! But it's not. Why is that?
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  2. #122
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by faithful_servant View Post
    I've seen that study before and it's grossly flawed. It takes a best case scenario of a company with historically low turnover and training costs and compares it to a company with historically high turnover and high training costs. It's called a "goal-based" study. It starts with a premise and then goes out to prove that the premise is right, not prove whether it was wrong or right.
    And YOUR judgement is grossly flawed - why? What you're not getting is that the REASON that Costco has a historically low turnover and concomitant training costs is because they pay a lot more...and the REASON that Sam's Club has a historically high turnover and concomitant training costs is that they pay Wal-Mart wages.

    Or what part of "people like to stay where they get paid more and leave from where they get paid less" do you not get?
    To do evil, a human being must first of all believe that what hes doing is good" - Solzhenitsyn

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  3. #123
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by Glen Contrarian View Post
    Y'know, look at Hawaii sometime, the land where milk is $9/gallon and house prices are hideous. Just because prices are higher doesn't mean the market can't bear it.

    And market forces are universal, right? The law of supply and demand apply everywhere, right? Then why is it that when I go to a third-world nation, Starbucks costs almost as much as it does here? Why is it that food still costs almost as much as it does here? Why is it that cars and electronics cost twice what they do here? This is despite the fact that poverty is so rampant in such places.

    My point is, the fear that higher wages automatically results in higher prices is not an iron law - it is not an infallible rule of economics. If it were, then why is food not much more expensive here in high-cost Puget Sound as it is in the poverty-ridden MS Delta? Why are the costs the same? The houses are cheaper there, but rent is not that much cheaper. Motel rooms cost the same there as here. Gas costs just a little less than it does here. Walk into a convenience store and pretty much EVERYTHING costs the same there in the MS Delta as it does in Puget Sound.

    If high wages automatically equaled higher prices, then that would NOT be the case - almost everything would be cheaper! But it's not. Why is that?
    I have to third-world countries and didn't observe prices the same, or higher than The States.
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  4. #124
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by Deuce View Post
    No. You say tax cuts are good, therefore no taxes must be better. Sorry dude, if you get to spew that bull**** I'm gonna throw it right back at you. If you get to extrapolate anything to whatever extreme you want, so do I.
    Yeah, but you claim that doubling the minimum wage will improve the economy. If so, $50 per hour will REALLY improve the economy, not to mention, we'll have more actual tax payers be introduced into the system.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  5. #125
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by Glen Contrarian View Post
    And when - when! - Seattle's economy continues to grow after the $15/hour MW is in effect, what will the conservatives say then?
    Seattle's economy will continue to grow as a whole due to corporate investment, and only the types who never make minimum wage will benefit.

    I believe we need a higher minimum wage, but unless its enacted amongst a backdrop of trade and regulatory reforms a higher minimum wage will not benefit most workers.
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by apdst View Post
    I have to third-world countries and didn't observe prices the same, or higher than The States.
    that's about what I was thinking, there's no way people in latin america making 3 dollars a day have to buy food at US level prices, it simply wouldn't be possible....
    Quote Originally Posted by Dr. Chuckles View Post
    No one cares about your stupid hippy logic
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    -Dixy Lee Ray

  7. #127
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by EMNofSeattle View Post
    that's about what I was thinking, there's no way people in latin america making 3 dollars a day have to buy food at US level prices, it simply wouldn't be possible....
    Of course it's not!

    That entire post is over-flowing with dishonesty. Prices are the same in Greenville, Mississippi are the same as prices in Seattle? There's no way!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #128
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by EMNofSeattle View Post
    Seattle's economy will continue to grow as a whole due to corporate investment, and only the types who never make minimum wage will benefit.

    I believe we need a higher minimum wage, but unless its enacted amongst a backdrop of trade and regulatory reforms a higher minimum wage will not benefit most workers.
    A higher minimum wage, without the market's demand for more labor, won't benefit anyone. The only thing that will accomplish is higher prices for the people that the wage increase is supposed to help. In a few years, we'll be hearing how $15 isn't enough and that it needs to go to $20, then $30 and so on.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #129
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by apdst View Post
    A higher minimum wage, without the market's demand for more labor, won't benefit anyone. The only thing that will accomplish is higher prices for the people that the wage increase is supposed to help. In a few years, we'll be hearing how $15 isn't enough and that it needs to go to $20, then $30 and so on.
    exactly, telling china to get lost and putting strict import restrictions from other countries and repealing NAFTA. and requiring any countries we trade with have similiar wages and environmental protection laws to us then there will be alot more demand for labor....
    Quote Originally Posted by Dr. Chuckles View Post
    No one cares about your stupid hippy logic
    "Be careful of averages, the average person has one breast and one testicle"
    -Dixy Lee Ray

  10. #130
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    Re: Seattle mayor unveils plan for $15 minimum wage

    Quote Originally Posted by EMNofSeattle View Post
    exactly, telling china to get lost and putting strict import restrictions from other countries and repealing NAFTA. and requiring any countries we trade with have similiar wages and environmental protection laws to us then there will be alot more demand for labor....
    And prices on everything would go through the roof. There would no longer be the China option when purchasing products.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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