The Reality Of Minimum Wage Workers!.....

[Justdroppedin]

https://i.redd.it/mv7gct00n9fa1.jpg

[TLG]

The reality is ,, minimum wage hikes ONLY serve kids, living at home for free, with a few extra bucks ,,, that's because they have no living expenses

The fact is, employers work out their price points, and fix their margins after calculating their expenses ,, so, the more it costs to do business the more they hike the product price. It's called inflation

The result is when an employee gets a raise ,, it is paid back to inflation
And so ,, we are right back where we started

The solution,,, give the working kid a home utility bill ,, now your getting somewhere

[Putski]

The reality is ,, minimum wage hikes ONLY serve kids, living at home for free, with a few extra bucks ,,, that's because they have no living expenses

The fact is, employers work out their price points, and fix their margins after calculating their expenses ,, so, the more it costs to do business the more they hike the product price. It's called inflation

The result is when an employee gets a raise ,, it is paid back to inflation
And so ,, we are right back where we started

The solution,,, give the working kid a home utility bill ,, now your getting somewhere

sooo true you hit the nail on the head..

[pennywise]

The reality is ,, minimum wage hikes ONLY serve kids, living at home for free, with a few extra bucks ,,, that's because they have no living expenses

The fact is, employers work out their price points, and fix their margins after calculating their expenses ,, so, the more it costs to do business the more they hike the product price. It's called inflation

The result is when an employee gets a raise ,, it is paid back to inflation
And so ,, we are right back where we started

The solution,,, give the working kid a home utility bill ,, now your getting somewhere

Inflation is actually only created by one thing, printing money. Nothing else causes it.

[auggie]

Inflation is actually only created by one thing, printing money. Nothing else causes it.

It's Called !!!GREED!!!

[really_troubled]

Inflation is actually only created by one thing, printing money. Nothing else causes it.

if you are saying that currency itself is responsible for inflation then you are deluding yourself

the same pressures exist in the barter system

currency was developed because it's more convenient

either way the value of most products is determined by basic economics and in some cases, like auggie pointed out, by greed :yes:

[pennywise]

Its pretty clear some of you don't understand inflation. It's not from greed it's from printing money. Let me see if I can help.

If you have 2 million dollars in circulation with 300 million people, your dollar is worth a lot.

If you have 50 trillion in circulation your dollar isn't worth *****

Why don't they just print money and pay off all the debt then lol

the US keeps printing away with new "bills" from congress. Please tell me you understand the correlation.

"The creature from Jekyl Island" is a very good read and explains it. check it out sometime

[really_troubled]

yes, it's pretty clear that some don't know what inflation is:yes:

if you were the least bit observant you would have seen that my previous post started with the word "if"

so it was conditional

after reading your last post it's clear that you aren't against "printing money"

your are alright with the printing of some money, why don't you enlighten us where the line should be drawn ...

either way your assertion that inflation is only caused by "printing money" is nonsense

don't hold your breath waiting for me to read another conspiracy theory ... lol

[pennywise]

yes, it's pretty clear that some don't know what inflation is:yes:

if you were the least bit observant you would have seen that my previous post started with the word "if"

so it was conditional

after reading your last post it's clear that you aren't against "printing money"

your are alright with the printing of some money, why don't you enlighten us where the line should be drawn ...

either way your assertion that inflation is only caused by "printing money" is nonsense

don't hold your breath waiting for me to read another conspiracy theory ... lol

Money has to be backed by something of intrinsic value. It use to be gold. Now it's nothing, it's just a piece of paper that the government says is legal tender while the Fed prints away creating inflation.
I've explained to you what causes, now I'd like you to explain to me what causes it.

[really_troubled]

Money has to be backed by something of intrinsic value. It use to be gold. Now it's nothing, it's just a piece of paper that the government says is legal tender while the Fed prints away creating inflation.
I've explained to you what causes, now I'd like you to explain to me what causes it.

take a quick look at the CPI (Consumer Price Index)

it covers all kinds of things that are monitored in an attempt to come up with a real time inflation rate

I don't disagree that "printing money" is a substantial cause of inflation, but it sure as hell isn't the only thing that causes it

[TLG]

Pennywise ,, thank you for your Greenbanks moment ,, 1st you high jacked the thread and 2nd you complicated it
For the purpose of this thread heading and the post that followed ,,, here is the definition of "inflation" as intended

Inflation

In economics, inflation is an increase in the general price level of goods and services in an economy.[3][4][5][6] When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.[


https://en.m.wikipedia.org/wiki/Inflation

[pennywise]

Pennywise ,, thank you for your Greenbanks moment ,, 1st you high jacked the thread and 2nd you complicated it
For the purpose of this thread heading and the post that followed ,,, here is the definition of "inflation" as intended

Inflation

In economics, inflation is an increase in the general price level of goods and services in an economy.[3][4][5][6] When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.[


https://en.m.wikipedia.org/wiki/Inflation


Thanks for the definition, I don't know how to look things up. The definition tells you what it is, not what causes it, maybe you didn't notice? Someone else started talking about inflation, so did I highjack it? Or did I respond to the highjack? Either way, I'm good. Close it up.

[really_troubled]

Thanks for the definition, I don't know how to look things up. The definition tells you what it is, not what causes it, maybe you didn't notice? Someone else started talking about inflation, so did I highjack it? Or did I respond to the highjack? Either way, I'm good. Close it up.

You were given a couple of examples of things that contribute to inflation.

If you looked at the CPI, more specifically the methodology, you would see that they monitor more than 80,000 goods and services and that's only one of the indexes used.

If the only thing that caused inflation was the "printing of money", then all they would need to monitor is the money supply

no need to pay attention to other economic factors

[pennywise]

You were given a couple of examples of things that contribute to inflation.

If you looked at the CPI, more specifically the methodology, you would see that they monitor more than 80,000 goods and services and that's only one of the indexes used.

If the only thing that caused inflation was the "printing of money", then all they would need to monitor is the money supply

no need to pay attention to other economic factors

Nowhere did anyone give me an example of what causes inflation and HOW it causes inflation. Give the thread a read and then tell me what causes inflation and how. I've been told what I said was "nonsense" then told to look at the CPI. Neither of those things are examples of inflation. Can you answer what I'm asking? When you artificially increase the money supply or print money, the end result is goods cost more and wages go up. It's that simple. There's nothing else to it.

[really_troubled]

Nowhere did anyone give me an example of what causes inflation and HOW it causes inflation. Give the thread a read and then tell me what causes inflation and how. I've been told what I said was "nonsense" then told to look at the CPI. Neither of those things are examples of inflation. Can you answer what I'm asking? When you artificially increase the money supply or print money, the end result is goods cost more and wages go up. It's that simple. There's nothing else to it.

if something causes an increase in the inflation rate, you can bet your ass it is a cause of inflation ...

the fact that you can't see that doesn't really make much difference

if the only thing that caused inflation was the money supply, then inflation would be a flat rate on all goods and services