minimum wage going up in the usa means....

Always the pessimist, I think wer'e screwed.

It means people will get paid a decent wage, and CEO's can finally take a pay cut.

Bah, who am I kidding, they'll raise prices of good's before they stop dishing out tens of millions for CEO's.

loss of value in American dollar thats whatMichaeltheCM

not even related. reduction in value of the dollar is the result of inflation of the money supply.

[QUOTE="MichaeltheCM"]loss of value in American dollar thats whatgiton

not even related. reduction in value of the dollar is the result of inflation of the money supply.

higher prices on goods and servicesblooddemon666

Cha-ching.

an increased quality of life, and spending from the lower/middle class. Since most goods are either made outside the US or pay higher than min wage already there'd be no reason for the price of goods to go up. The only industry to be effected would be the service industry which can easily handle a wage increase, and most the businesses that would die off from it were already dying off, and would of closed down, or sold in the next ressession.jrhawk42

sophistry and delusion. you think the price you pay for a meal in a restaurant is unaffected by wages? how about the cost of the home you buy; it's not made outside the us. what about the costs of garbage collection and recycling? garbage collection is a service, but do you think you can do without it or that it comes at no cost to you? the cost of service to an employer has no bearing on the cost of service to you? what, money for nothing? get real.

minimum wage giong up means a higher unemployment rate.tazzydnc

agreed. this is the real impact.

I get more money,but prices for everything else including gas will continue to raise anyway.It doesn't really matter.

[QUOTE="jrhawk42"]an increased quality of life, and spending from the lower/middle class. Since most goods are either made outside the US or pay higher than min wage already there'd be no reason for the price of goods to go up. The only industry to be effected would be the service industry which can easily handle a wage increase, and most the businesses that would die off from it were already dying off, and would of closed down, or sold in the next ressession.giton

sophistry and delusion. you think the price you pay for a meal in a restaurant is unaffected by wages? how about the cost of the home you buy; it's not made outside the us. what about the costs of garbage collection and recycling? garbage collection is a service, but do you think you can do without it or that it comes at no cost to you? the cost of service to an employer has no bearing on the cost of service to you? what, money for nothing? get real.

[QUOTE="jrhawk42"]an increased quality of life, and spending from the lower/middle class. Since most goods are either made outside the US or pay higher than min wage already there'd be no reason for the price of goods to go up. The only industry to be effected would be the service industry which can easily handle a wage increase, and most the businesses that would die off from it were already dying off, and would of closed down, or sold in the next ressession.giton

sophistry and delusion. you think the price you pay for a meal in a restaurant is unaffected by wages? how about the cost of the home you buy; it's not made outside the us. what about the costs of garbage collection and recycling? garbage collection is a service, but do you think you can do without it or that it comes at no cost to you? the cost of service to an employer has no bearing on the cost of service to you? what, money for nothing? get real.

wait-staff wages would be unaffected since they mostly work off tips. As an operation cost you'd be looking at an increase of about $100 a day which for most restaurants would be under $1. The only restaurants that would be effected are those already going under.

No contractor, or carpenter is paid min wage the price of building a home wouldn't change at all.

Garbage collectors, and recycling center employees are also paid well over min wage.

Obviously you don't have much business/marketing experience if you think the cost of good is effected by how much they cost to produce. Goods are effected by the cost people will pay, not by the cost of labor, or production.

Depends on how much its increased, but if its anything major It could do more good for Calcutta than the US.

it means an increase in government coercion and meddling in what should be a free market for labor.giton

spot on.
It's called "MINIMUM" wage. translate - starting wage, entry level wage....not "support my wife and litter of kids " wage.

Who pays for this - us - prices go up, small stores and shops go out of buisness because they can't afford the higher rate. The net result is more people may lose their jobs because their company went under.

Who wins - the "feel good" politicians who pulled off another crappy law

The point of my post was that a wage increase forUS citizens(actually any wage increase, not just minimum wage) isn't going to help US citizens if it just means more USA jobs goingto illegal immigrants, visa workersor foreign countries. Minimum wage increased may actually be less of a factor in this than higher salary wage increases. So we also need some forms of legistlation that insures that jobs stay here to go along with it.FPSGunnerDude

DEY TOOK ER JERBS!

slightly higher prices on some products and services, more money for the poorest X% and less money for those who were earning just over the new minimumbefore it came in as companies will lower their wages to the new minimum and say to new employees how great it is they updated so quickly.

if the Uk experiecne has anything to go by.

Better living conditions for the poor and middle class.

Effects of minimum wage aren't well studied so nobody panic yet.

All this increase does is increase the wages paids to unions since the pay scale they use is tied to that. If you're not in high school and making minimum wage you have a serious problem that 7 bucks an hour won't fix.

inflation YAY! its more of a burden once you are no longer in entry level jobs.

loss of value in American dollar thats whatMichaeltheCM

Please...get real. That already been happening for years, and it had NOTHING to do with minimum wage.

[QUOTE="giton"]it means an increase in government coercion and meddling in what should be a free market for labor.nohabs

spot on.
It's called "MINIMUM" wage. translate - starting wage, entry level wage....not "support my wife and litter of kids " wage.

Who pays for this - us - prices go up, small stores and shops go out of buisness because they can't afford the higher rate. The net result is more people may lose their jobs because their company went under.

Who wins - the "feel good" politicians who pulled off another crappy law

Not even close to the truth. The vast majority of minimum wage jobs are not "small stores and shops", but large corporations.

I am not sure about the increase's effect on the economy, but I do know that the kind of arguments you put fourth are garbage. Small business's are not going to go out of business, thats rediculous...

wow, only 2 more things needed to break the economie of america:

1./ Russia joining European Union ( what makes the Euro stronger)

2./ China stops using Dollar as theyr gold value in the market, and start using Euro's ( makes Euro stronger)

if that happends( what I dont see happening in the next 30 years) america is doomed, just becouse like 20 dollar would equal 1 euro, and that is bad for your economie, you would pay 50 dollars for a bread

[QUOTE="FPSGunnerDude"]The point of my post was that a wage increase forUS citizens(actually any wage increase, not just minimum wage) isn't going to help US citizens if it just means more USA jobs goingto illegal immigrants, visa workersor foreign countries. Minimum wage increased may actually be less of a factor in this than higher salary wage increases. So we also need some forms of legistlation that insures that jobs stay here to go along with it.TacticalElefant

DEY TOOK ER JERBS!

I really don't know why I try. It's painfully clear nobody cares about jobs for US citizens. As long as a certain amount of poeple are making good money and have good jobs that's all that matters to you people.