If the minimum wage doesn't get raised, doesn't that mean you're getting paid less every year it isn't raised?

Asked by: ElectricCloud
  • Inflation, People, Inflation

    The minimum wage is suppose to be raised every year. If you get paid $7/hr in one year, the value will go down the next year. So, if the minimum wage is not raised, in reality, you would be getting paid $6.90/hr the following year. (I'm not using actual values. It is merely an example.) The last time it was raised was in 2009.

  • Yes you get paid less

    The reason as to why the minimum wage must be raised constantly is because the Federal Reserve is printing vast amounts of money backed by nothing which dilutes the purchasing power of the currency. Despite the increases in minimum wage though the average American today is worse off than they were 50 years ago because of inflation to the point now where 1 in 5 households are on food stamps because they can’t afford the basic necessities to survive and 50% of households receive some type of government support. This is no accident of course. The elites want to economically cripple America, destroy the US dollar and create a one-world-government with a one-world currency under the auspices of the UN. The best way to protect yourself from inflation is to invest your wealth elsewhere, i.e. in gold, silver, fine-art, real-estate , even Bitcoin, anything that isn’t paper currency.

  • The minimum wage has been decreasing since the 80s

    From 1956-1982 the minimum wage was higher than it is today, so arguing that goods would cost more and business owners wouldn't be able to afford is requires you ignore the fact that the minimum wage has been higher in the past and the economy didn't suddenly blow up then.

  • It is fallacious..

    You have identified inflation (due to our collectivist monopoly the Federal Reserve) as the problem and yet you propose a solution that doesn't even address the problem of inflation. Raising the minimum wage will always cause price levels to increase, which offset the mandate. You also eliminate jobs out of hand or you expedite innovations allowing services to be done using automated processes and having someone in India taking your order at the drive thru and the dollar menu becomes the two dollar menu. People never seem to understand the fallacy...If you believe in the minimum wage...Why not support a $20 or a $50 wage?

  • Lol heck no.

    If minimum wage is raised then everything raises in price accordingly and only causes increased inflation and even more loss to the worth of the American Dollar. People would only have the appearance of getting a larger wage when in reality they are paying more for the same thing but with higher wages so nothing really changes.

  • Not a Solution:

    "Fixed Pricing" is actually what dictates how much you get paid. For instance let's say that including taxes etc. you buy an object for $1, this object cannot change price, it is always $1. This means that the value has actual merit.

    "Fixed Income" does exactly the opposite and dictates how much you actually lose. For instance take the same object including taxes etc. and say it's worth 1%. This means that the value shifts as you gain monetary power even if that object is always 1%; however the issue comes in when we decipher what to base the 1% on as it's not a concrete value, so if we based it on the middle class income of $50,000 the value is $50, if we based on the upper class value of $100,000 it would be worth $100, but if we based on impoverished levels of $27,340 then it's worth $27.34, the value of the object is weighted more heavily against the lowest group in all cases and increasing their wages only drags the value up for all classes as well.

    The current system however demands we raise that bar as the minimum wage does need to be changed.

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