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Minimum wage increase
Will the minimum wage increase in Colorado starting Jan 1 affect anyone either positively or negatively? Depending if prices go up at restaurants, I may cut back on going out to eat- which will be a good thing all the way around
Lessons cost money. Good ones cost lots. -Tony Beets
I've seen signs posted in several business explaining that there will be a rate hike due to the minimum wage increase. Camp Bow-Wow was the first place I noticed a sign, but I've seen others. The money has to come from somewhere, and the consumer is the one supplying the money. This cause and effect wasn't terribly difficult to predict.
At the time, the response was that the price increases are justified to provide a living wage.
The counter argument was that the workers would face the same price increases and the net result would be the same effective wage.
Let the experiment begin!
I didn't get a raise though, so this was a net loss for me. I am now poorer as a result, and thus more equal to the minimum wage earner. Which appears to be their end-goal; that we are all poor together, equally.
As a result of this increase, I now charge 3 cents for my opinions.
"There are no finger prints under water."
The consumer will lose.
The worker will benefit while working but will start losing when he ends his work day and transitions to consumer.
Many businesses will take advantage and raise price beyond just covering greater labor expense.
If you're unarmed, you are a victim
"As a result of this increase, I now charge 3 cents for my opinions."
Dang, quick give me your paypal account, and I will prepay!
Not everyone is brave enough to dabble in Irving Opinions futures, I'd say you're in a great position to get in on this early. Especially since we all know prices will only continue to increase as the minimum wage goes up.Originally Posted by BladesNBarrels
Dang, quick give me your paypal account, and I will prepay!
"There are no finger prints under water."
Sounds like we better use bitcoin for this venture!
I am accepting bitcoin and litecoin for my...(please pay to read rest of the paragraph).
"There are no finger prints under water."
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