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"New data show that the 13 states that raised the minimum wage this year are adding jobs at a faster pace than those that did not."
Let make $100.00 as the minimum wage and hiring will go through the roof.
Raising minimum wage actually increases inflation.
I LOVE IT!!!
At least you're honest about it ;)
Raising minimum wage actually increases inflation.
I LOVE IT!!!
Because you have fixed rates on your mortgages. Your dream would be 50% inflation rate.
Raising minimum wage actually increases inflation.
I LOVE IT!!!
At least you're honest about it ;)
Thanks. Unlike others, it's always....do what I say, not what I do. LOL!!!
Raising minimum wage actually increases inflation.
I LOVE IT!!!
Because you have fixed rates on your mortgages. Your dream would be 50% inflation rate.
It doesn't really matter actually. The increase in rents will more than enough to cover the debt service when inflation kicks in. Also, I'm only at 36% LTV on my portfolio so I should be alright.
Let make $100.00 as the minimum wage and hiring will go through the roof.
http://www.logicallyfallacious.com/index.php/logical-fallacies/30-appeal-to-extremes
that's almost $2T of corporate profits on the table that labor is not getting.
is a very curious chart.
Blue is real wages, red is real non-wage income
See the squeeze?
Top 10% of the distribution are taking home 33% of the income (AGI) now.
This is bad, though of course conservatives celebrate it for some reason, the higher the better they think, or are told to think at least.
Raising minimum wage actually increases inflation.
funny thing is, so very few people get this.
At least Krugman said to effect 'no wage inflation, no inflation' not too long ago. Somebody gets it.
Having said that, the minimum wage is a very blunt instrument that doesn't actually fix what's wrong with our economy.
Minimum wage is a rent-subsidy in disguise, and I have the chart to prove it:
BOHICA
Raising minimum wage actually increases inflation.
I LOVE IT!!!
Because you have fixed rates on your mortgages. Your dream would be 50% inflation rate.
It doesn't really matter actually. The increase in rents will more than enough to cover the debt service when inflation kicks in. Also, I'm only at 36% LTV on my portfolio so I should be alright.
I would not even call that leverage. I know a lot of people would love to be in that situation.
is a very curious chart.
Blue is real wages, red is real non-wage income
See the squeeze?
Top 10% of the distribution are taking home 33% of the income (AGI) now.
This is bad, though of course conservatives celebrate it for some reason, the higher the better they think, or are told to think at least.
Yes, I see it. It's due to record high stocks, and recovering real estate, while job growth is lagging.
The gap should widen over the next few years.
Let make $100.00 as the minimum wage and hiring will go through the roof.
Actually there is probably an upper bound to minimum wage where job growth would be negatively affected.
You know, you are so right. The jump in minimum wage won't do too much damage as it has lagged inflation. I would want a lower minimum wage for teenagers as that is the key to teenagers working, as opposed to committing crime.
http://time.com/3007429/minimum-wage-job-growth-states/