my late father taught me look at and analyze things from every possible angle. This article is one of those things. There are questions, right of wrong, that people arent asking that to me are very valid questions. Focusing on graphics 4 & 5 in the slide show. What if they are related? What if raising the minimum wage is actually the cause of inflation and the cost of living gap? What if it is a one step forward but two steps back situation? The graphic chart shows that every time there is a raise we fall farther behind? Is there a corralation? The most consistent argument in favor of a raise is the same one used every time it happens, the same one that justified huge loans from china under both Bush and Obama, stimulus (priming the pump). If people have more money they will spend more and put that money back into the economy. Well again the slideshow shows this hasnt really happened in 50 years following that policy? So why do we keep doing the same thing and it keeps getting worse? An old Texan once told me, if you have to keep priming your well and pump every year, its time to dig a new well. One should always ask themselves the questions their opposition will ask them and understand logically why they believe that. Sun Tzu even noted that. Just something to ponder.
Posted on: Sun, 29 Jun 2014 20:20:44 +0000
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