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Would raising the minimum wage just increase the prices of everything else?

  • Yes, raising minimum wage will raise the cost of everything.

    The prices of items that we purchase doesn't start at the store when we purchase it. For instance, if you buy a pack of gum at your local convenience store. That gum was made in a factory. The factory pays its workers a wage, which is now higher due to the minimum wage increase. The employees who transport the gum earn a higher wage as well and the store employees now have a higher wage. Not only that, the price of operation of the factory and the transportation also increases, because the cost to produce the raw materials and gas goes up due to having to pay employees more. Every aspect of the development of the product costs more. By the time the pack of gum gets to the store, at its higher price, the store much charge more to make a profit.... And that is just a pack of gum. The process will be the same for any product you purchase. Minimum wage is for workers who do not have the training and skills necessary to get higher paying jobs. Minimum wage jobs were not meant to support ones family. In my area, most bachelors level jobs start around $14-$16 per hour. If minimum wage goes up to $15 per hour, there is no real intensive for higher education, and those employers are not obligated to raise their wage to anything above $15. Everyone will suffer from continuing to raise minimum wage. Our dollar will continue to loose value, and the poor will only fall further into poverty.

  • Raising minimum is a domino effect.

    Raising minimum wages also increases other things. So, you think raising your wage will bring you out of poverty, it will not. The more you make, the more money you have to spend for things you need to live on. Government waste needs to be decreased. The illegals that is here getting everything free, needs to be deported. Trump is the only one that will help you with all of that. ***vote trump***

  • Domino Effect, Obviously

    Business owners pay more money to support all of the minimum wage workers, they increase their own prices to do so, the minimum wage workers buy things from the places at the higher rates, only causing the dollar value to go down and no one is benefited. Vote Trump. Duh!!!!

  • Of course it would increase prices

    We have a service based business. Our overhead is mostly Lubbock. Of course we would need to raise our prices. We would need to charge more to stay profitable. The business we provide our service to at a higher price would have to charge more, not only to pay for their labor costs increasing, but our higher charges.

  • Duh You Dolts

    Alright listen up. Raising the minimum wage to $15 an hour means that all of the construction workers who currently get paid $15 an hour will no longer work construction because they could just work fast food and not risk their life. Meaning construction workers immediately get paid more because otherwise construction companies go out of business. If construction workers who get paid $15 an hour start getting paid 20-25 an hour then the next tier of jobs go up in pay because otherwise they just take the easiest job for the most money. This means that EVERYONE gets paid more. If EVERYONE gets paid more then you COULD imagine magical Christmas land where companies don't try to profit on the amount of money in circulation. OR you could be a functional human and understand that a company's goal is to make money. If they are paying more, they are charging more. It is really that simple.

  • Government creating poverty

    What is the incentive to improve ones financial state Working longer hours , getting second job or educating to improve job and wage simply puts you in a higher tax bracket and makes you ineligible for government programs Stay poor , it's easier How about rewarding hard work and enterprising attitudes

  • Don't try to mess with the wage gap its already fixed.

    Take advantage of your time when your young and in the school system. Obviously there are varying situations that make school more challenging but obstacles can be overcome with hard work. It is important that you set yourself up so that a minimum wage job is temporary and not a career choice.

  • Raising minimum is a domino effect.

    Raising minimum wages also increases other things. So, you think raising your wage will bring you out of poverty, it will not. The more you make, the more money you have to spend for things you need to live on. Government waste needs to be decreased. The illegals that is here getting everything free, needs to be deported. Trump is the only one that will help you with all of that. ***vote trump***

  • Yes, i think raising the minimum wage would raise the price of everything else.

    The minimum wage earner does not support the small business that will be totally effected by the increase. Their employees that already make at or close to the new wage will demand an increase also. Workers compensation goes up by the amount wages paid. Its a vicious cycle tat will cost California dearly.

  • Yes, look at history

    I can't believe how ignorant people are. Every increase of the minimum wage in the past has been followed up with an increase of the price of products. The inflation rate always grows higher than the rate of wage increases. Leaving the economy in worse shape than before the increase.

  • The Only Thing that Has NOT Increased is Wages.

    I am sure there are a multitude of facts and figures for both sides of the argument, but much like life, I can only go on what I see; and from my perspective I see the price of food, housing, energy, et cetera going up every year. The only thing I have not seen increase is wages for workers. Raising the minimum wage would just get us "po' folk" to an even keel.

    It is my opinion that increasing the minimum wage will raise the standard of living and allow those at the bottom of the "trickle down" pyramid to not have to decide on milk or fuel for their car every week. It would also allow those (myself included) making more than the minimum to ask for a raise themselves.

    And on a side note, when did the average American decide to support the profit of multi-billion dollar companies instead of their neighbors and coworkers?

  • Profit margins are already built in.

    The actual percentage of the overhead on most products is not primarily from wages so much as it is from transportation costs, the cost of materials, rent, utilities and other such expenses. Even with those overheads many products are already sold at 100% to a 1000% of the production cost. Allowing people to make a more livable wage would not automatically cause businesses to raise the pay of higher paid employees who are already above the minimum and the new minimum. There would be a small part of the population who would fall into the area between the two but much like the minimum wage earners the overwhelming majority of them are in the service industry and essentially selling themselves moreso than any product. So the increased costs would not be sufficient to merit an immediate raise in pricing, over time the prices would adjust somewhat but the surge of profit from the larger pool of income for a huge number of people would be a good motivation to not rock the boat with such a blatant and greedy change to costs. Watch the cities where these types of changes are being made and judge from that.

  • I don't think so

    Although businesses have a profit margin built into their prices, raising minimum wage shouldn't mean increasing the cost of everything else. The rate at which minimum wage has increased is fairly slowly. I think raising the minimum wage would help economic growth as people would likely put the increased wage back into the economy.

  • No it would not.

    Raising minimum wage would simply put more money in people's pockets. Everyone's pockets. Reason being? There would be more money to spend, therefore every business would profit from it. Not only that, the United States would profit, because we would have increased tax revenues. Raising minimum wage is only logical.


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