General Discussion

diabeticman

(3,121 posts) Fri Jan 31, 2014, 10:52 AM Jan 2014

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.

5 replies

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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

That is an interesting thought. earthside Jan 2014 #1

I have never heard the rich be in favor of minimum wage increases gollygee Jan 2014 #2

looks to me the republican politicians are being given their new matching orders diabeticman Jan 2014 #4

Here it is already at 9.10 an hour and the rate is tied to the cost of living so it Bluenorthwest Jan 2014 #3

lucky. we are stuck at $7.25 diabeticman Jan 2014 #5

earthside

(6,960 posts)

1. That is an interesting thought.

Reply to diabeticman (Original post)

Fri Jan 31, 2014, 11:00 AM

Jan 2014

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.

gollygee

(22,336 posts)

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

Reply to diabeticman (Original post)

Fri Jan 31, 2014, 11:03 AM

Jan 2014

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.

diabeticman

(3,121 posts)

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

Reply to gollygee (Reply #2)

Fri Jan 31, 2014, 02:34 PM

Jan 2014

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.

Bluenorthwest

(45,319 posts)

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

Reply to diabeticman (Original post)

Fri Jan 31, 2014, 11:05 AM

Jan 2014

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.

diabeticman

(3,121 posts)

5. lucky. we are stuck at $7.25

Reply to Bluenorthwest (Reply #3)

Fri Jan 31, 2014, 02:35 PM

Jan 2014

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