The Coming Obamacare Shock for 170 Million Americans

[Mr Khan]

Justagamer said:

Mr Khan said:

And how do we get these magical better jobs if there's no money in the economy because wealth is being hoarded at the top?

Redistribution is needed to kickstart real consumer demand and real growth, and one of the best ways to do that in a permanent way is to hike the minimum wage. Prices may go up, but not as much to justify the minimum wage change, especially they can't go up that quickly because it doesn't change demand for their products in the short run. Hence sticky prices, as a highly reactive price change is only going to hurt your bottom line as fewer people then buy your products.

Plus it's just a social thing. All taxpayers are subsidizing these low minimum-wage earners through social services (because they're TOO POOR), so you are paying for them one way or another. Better for the economy that they earn that money themselves, spend it themselves, and better contribute to wealth movement that way (especially if it means the dimunition of corporate profits, which just get hoarded nowadays)

I'm not here for an argument, but, how do you find these magical better jobs?..... Ok. It's through education. Minimum wage earners aren't educated. Tons of them haven't even finished highschool. Not all, but quite a few. There's ways to get this magical education, to find these mysterious, magical better jobs... Trade schools, traditional university, and there is funding for those that want to actually try. What if there isn't a good job in your area? Look and apply in surrounding cities, states. Most people who are "stuck" in dead end jobs, are stuck there by their own accord. Never be fox holed anywhere. Never be tied down to a city, just because you"grew up" there. Where there's a will, thee is a way. Minimum wage hikes are paid for through price increases. Not too hard to see that. Nothing is free.... You have to earn it, work hard for it... I work 60 hour weeks... I earn every penny of my pay.

Read the link i cited in my discussion with Mr Puggsly. There are too few jobs even if everyone were able to fill those jobs (which, again, not going to happen)

Never getting stuck to a city is also easy for some people, harder for others. What if you're a caretaker for an elderly or disabled relative (in an informal, unpaid capacity), have a skillset that would land you a job in a second in another city, but don't want to abandon the relative? There are many reasons why you are "stuck" in a certain geographic location, absent the ability to move.

An individual, or many individuals, will succeed using the processes you outlined. However it is functionally impossible for the economy to meet needs of all unemployed, let alone those who are employed in a minimum wage job and want to move on.

The link between minimum wage hikes and inflation is very unclear (again, the economy is currently trying to deflate itself, with the Fed's QE policy being the only thing propping everything up), and is certainly insufficient to make a minimum wage hike moot http://www.wisegeek.com/does-raising-the-minimum-wage-cause-inflation.htm