minimum wage increase

[Smudgyglasses]

so, if the minimum wage goes up, so will cost of living will increase.

 
The cost of living has already been increasing steadily for the past thirty or forty years. It's the minimum wage that has failed to keep up.

Minimum wage has kept up. If it was adjusted for inflation, it would only be $4-5 today.

How has it kept up? It has stayed about the same (in most of the US) since the 1970s. Why would adjusting it for inflation make it even less?

Your first statement is blatantly false. Minimum wage was only $1.60 in 1970. It's more than quadrupled since then. Second, when minimum wage was signed into law in 1938, it was $0.25/hr. Adjusted for inflation, that would be $4.20 in 2016.

While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s.

http://www.dol.gov/featured/minimum-wage/mythbuster

[hawkeye3210]

so, if the minimum wage goes up, so will cost of living will increase.

 
The cost of living has already been increasing steadily for the past thirty or forty years. It's the minimum wage that has failed to keep up.

Minimum wage has kept up. If it was adjusted for inflation, it would only be $4-5 today.

How has it kept up? It has stayed about the same (in most of the US) since the 1970s. Why would adjusting it for inflation make it even less?

Your first statement is blatantly false. Minimum wage was only $1.60 in 1970. It's more than quadrupled since then. Second, when minimum wage was signed into law in 1938, it was $0.25/hr. Adjusted for inflation, that would be $4.20 in 2016.

While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s.

http://www.dol.gov/featured/minimum-wage/mythbuster

Exactly. $3.35 in 1981 to $7.25 today. That's more than double, not about the same.

[tgreen20]

Yea the people who cry about raising minimum wage don't understand if it goes up cost of living goes it.......if you want to make more money get a education to make more money

[Smudgyglasses]

so, if the minimum wage goes up, so will cost of living will increase.

 
The cost of living has already been increasing steadily for the past thirty or forty years. It's the minimum wage that has failed to keep up.

Minimum wage has kept up. If it was adjusted for inflation, it would only be $4-5 today.

How has it kept up? It has stayed about the same (in most of the US) since the 1970s. Why would adjusting it for inflation make it even less?

Your first statement is blatantly false. Minimum wage was only $1.60 in 1970. It's more than quadrupled since then. Second, when minimum wage was signed into law in 1938, it was $0.25/hr. Adjusted for inflation, that would be $4.20 in 2016.

While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s.

http://www.dol.gov/featured/minimum-wage/mythbuster

Exactly. $3.35 in 1981 to $7.25 today. That's more than double, not about the same.

It does not have the same spending power.

[sphilange]

I think the minimum wage should go up to $12, over time. The cost of living has risen drastically but wages have stagnated. Rent and food seem to exponentially increase every few years where I live, and wages stay the same.

[hawkeye3210]

so, if the minimum wage goes up, so will cost of living will increase.

 
The cost of living has already been increasing steadily for the past thirty or forty years. It's the minimum wage that has failed to keep up.

Minimum wage has kept up. If it was adjusted for inflation, it would only be $4-5 today.

How has it kept up? It has stayed about the same (in most of the US) since the 1970s. Why would adjusting it for inflation make it even less?

Your first statement is blatantly false. Minimum wage was only $1.60 in 1970. It's more than quadrupled since then. Second, when minimum wage was signed into law in 1938, it was $0.25/hr. Adjusted for inflation, that would be $4.20 in 2016.

While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s.

http://www.dol.gov/featured/minimum-wage/mythbuster

Exactly. $3.35 in 1981 to $7.25 today. That's more than double, not about the same.

It does not have the same spending power.

But you said it was about the same.

[Smudgyglasses]

so, if the minimum wage goes up, so will cost of living will increase.

 
The cost of living has already been increasing steadily for the past thirty or forty years. It's the minimum wage that has failed to keep up.

Minimum wage has kept up. If it was adjusted for inflation, it would only be $4-5 today.

How has it kept up? It has stayed about the same (in most of the US) since the 1970s. Why would adjusting it for inflation make it even less?

Your first statement is blatantly false. Minimum wage was only $1.60 in 1970. It's more than quadrupled since then. Second, when minimum wage was signed into law in 1938, it was $0.25/hr. Adjusted for inflation, that would be $4.20 in 2016.

While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s.

http://www.dol.gov/featured/minimum-wage/mythbuster

Exactly. $3.35 in 1981 to $7.25 today. That's more than double, not about the same.

It does not have the same spending power.

But you said it was about the same.

Yes, same spending power, making it effectively the same.

[hawkeye3210]

so, if the minimum wage goes up, so will cost of living will increase.

 
The cost of living has already been increasing steadily for the past thirty or forty years. It's the minimum wage that has failed to keep up.

Minimum wage has kept up. If it was adjusted for inflation, it would only be $4-5 today.

How has it kept up? It has stayed about the same (in most of the US) since the 1970s. Why would adjusting it for inflation make it even less?

Your first statement is blatantly false. Minimum wage was only $1.60 in 1970. It's more than quadrupled since then. Second, when minimum wage was signed into law in 1938, it was $0.25/hr. Adjusted for inflation, that would be $4.20 in 2016.

While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s.

http://www.dol.gov/featured/minimum-wage/mythbuster

Exactly. $3.35 in 1981 to $7.25 today. That's more than double, not about the same.

It does not have the same spending power.

But you said it was about the same.

Yes, same spending power, making it effectively the same.

But you just said it doesn't have the same spending power? Now you are saying it is the same again? It would help if you just made up your mind.

[Catwomanj10]

March 21, 2016

Hello everyone out there in Fusion Cash World
Yes, it is true that raising the minimum wage for food workers to $l5.00 an hour would increase the food prices of the fast food industry such as McDonalds, etc.   because as one member pointed out then the higher price of the food item would then be passed on to us the consumer purchasing the Big Mac or Fillet of Fish or french fries, etc.
And, also as far as, food banks are concerned. my husband volunteers at our church practically every Monday except for yesterday since he took our friend to the hospital to go get surgery.   He volunteers every Monday and Friday first, to go to the food bank to get food for the people who go to our church and then he volunteers on Friday to help Pastor jim to pass out the food boxes to the people who show up at our church on Fridays!   

And, the only requirement that Pastor Jim puts on the community coming out to our church is that 1.  each person signs a slip saying that they have received a food box  and 2.  he makes everyone listen to the word of God. 

The concept is simple, if Jesus fed the five thousand with the fishes and loaves of bread that the boy offered up to him and then he commanded his disciples to feed the crowd and not send them away hungry, then we, too need to not only feed the hungry with physical food, but also with God's word, which is a lamp unto my feet!  Thank you Jesus