Is raising minimum wage nationwide a horrible idea?

[Fayceless]

SamuelRSmith said:

Fayceless said:

You were single, had no kids, and no bills?  Congratulations, you must know all about the struggles people in poverty deal with every day.

Sorry to be so dismissive, but to be fair, so were you. ("a 7 year old could foil" that argument?)

The fact is, minimum wage must rise.  Not to 15/hr.  That's ridiculous.  But it must go up because prices go up and the cost of living goes up.  People fight so hard against raising minimum wage while supporting policies that intentionally create inflation.  If you're going to force inflation, we MUST tie minimum wage to inflation.  It's not fair otherwise.

It's hard to imagine too many people supporting policies that lead to inflation, not knowingly, anyways.

http://en.wikipedia.org/wiki/Quantitative_easing

 

In modern economic theory, mild inflation is considered "healthy" for an economy - we actively make sure it doesn't fall below a certain point.  Around the 50s-70s inflation was conidered irrelevant to economic health, and it was allowed to increase unchecked.  Maybe in a decade or two people will come up with some new theory.  But at the moment, our government wants inflation and is printing money to make sure it continues at the rate they want it to continue.  So unless we can fix minimum wage permanently by tying it to cost of living, we will continue to have this debate because it needs to be increased in order to keep up with inflation, but every time we do some people are going to be 100% opposed to any increase.  People living on or near minimum wage are the most succeptible to the inflation that our government insists on maintaining.   We have to raise minimum wage and create laws that continue to adjust the wage - without this debate that just hurts those already hurting the most.