If anti-Democrats were smart...
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The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
The Brad
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The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
You need a younger audience.
Inflation lowers the value of savings and kills retired people.
And the doubled wage is useless to someone without a wage.
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The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
For a long time now, the Feds have been targeting "2%" annual inflation rate.
For me, it comes down to how much we as a society value "work", compared to other things.
How much "work" should one have to do to provide for oneself? How much "work" should one have to do to provide for a family of four? Maybe you draw the line at "one full time job" to provide for oneself. Maybe you draw the line at "two full time jobs" to provide for a family of four -- in that case you pretty much have to stop pining for the "good old days" where one bread-earner is enough to raise two kids with a stay-at-home spouse -- that model requires "one full time job" to be enough to provide for a family of four.
The minimum wage is where the rubber meets the road, where a society unambiguously say "we value work at least this much."
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@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
You need a younger audience.
Inflation lowers the value of savings and kills retired people.
And the doubled wage is useless to someone without a wage.
@copper said in If anti-Democrats were smart...:
@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
You need a younger audience.
Inflation lowers the value of savings and kills retired people.
That was kind of the point that I was making...Retirement savings and Social Security are essentially cut in half by taking that approach...
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@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
For a long time now, the Feds have been targeting "2%" annual inflation rate.
For me, it comes down to how much we as a society value "work", compared to other things.
How much "work" should one have to do to provide for oneself? How much "work" should one have to do to provide for a family of four? Maybe you draw the line at "one full time job" to provide for oneself. Maybe you draw the line at "two full time jobs" to provide for a family of four -- in that case you pretty much have to stop pining for the "good old days" where one bread-earner is enough to raise two kids with a stay-at-home spouse -- that model requires "one full time job" to be enough to provide for a family of four.
The minimum wage is where the rubber meets the road, where a society unambiguously say "we value work at least this much."
@axtremus said in If anti-Democrats were smart...:
@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
For a long time now, the Feds have been targeting "2%" annual inflation rate.
For me, it comes down to how much we as a society value "work", compared to other things.
How much "work" should one have to do to provide for oneself? How much "work" should one have to do to provide for a family of four? Maybe you draw the line at "one full time job" to provide for oneself. Maybe you draw the line at "two full time jobs" to provide for a family of four -- in that case you pretty much have to stop pining for the "good old days" where one bread-earner is enough to raise two kids with a stay-at-home spouse -- that model requires "one full time job" to be enough to provide for a family of four.
The minimum wage is where the rubber meets the road, where a society unambiguously say "we value work at least this much."
Not at all. First of all this great and glorious "Society" has no fucking idea what it takes to live in Reston, VA vs what it takes to live in Charleroi, PA. https://www.zillow.com/homedetails/1212-Lookout-Ave-Charleroi-PA-15022/49759697_zpid/
https://www.zillow.com/homedetails/11220-Chestnut-Grove-Sq-APT-13-Reston-VA-20190/51722239_zpid/I can live like a king making only $30K ($15 minimum wage) in Charleroi, PA. I am living in my car in Reston, VA.
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
The Brad
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@axtremus said in If anti-Democrats were smart...:
@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
For a long time now, the Feds have been targeting "2%" annual inflation rate.
For me, it comes down to how much we as a society value "work", compared to other things.
How much "work" should one have to do to provide for oneself? How much "work" should one have to do to provide for a family of four? Maybe you draw the line at "one full time job" to provide for oneself. Maybe you draw the line at "two full time jobs" to provide for a family of four -- in that case you pretty much have to stop pining for the "good old days" where one bread-earner is enough to raise two kids with a stay-at-home spouse -- that model requires "one full time job" to be enough to provide for a family of four.
The minimum wage is where the rubber meets the road, where a society unambiguously say "we value work at least this much."
Not at all. First of all this great and glorious "Society" has no fucking idea what it takes to live in Reston, VA vs what it takes to live in Charleroi, PA. https://www.zillow.com/homedetails/1212-Lookout-Ave-Charleroi-PA-15022/49759697_zpid/
https://www.zillow.com/homedetails/11220-Chestnut-Grove-Sq-APT-13-Reston-VA-20190/51722239_zpid/I can live like a king making only $30K ($15 minimum wage) in Charleroi, PA. I am living in my car in Reston, VA.
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
@lufins-dad said in If anti-Democrats were smart...:
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
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@axtremus said in If anti-Democrats were smart...:
@lufins-dad said in If anti-Democrats were smart...:
The simple answer? Artificially boost inflation so that the value of the dollar is halved. That way, the overall dollar cost of these stimuli will be halved when adjusted for inflation. It’s a great deal for everyone! (Except, of course, for anyone that happens to have savings or investments of a conservative nature that have set limits of appreciation)
We can start by doubling minimum wage!
For a long time now, the Feds have been targeting "2%" annual inflation rate.
For me, it comes down to how much we as a society value "work", compared to other things.
How much "work" should one have to do to provide for oneself? How much "work" should one have to do to provide for a family of four? Maybe you draw the line at "one full time job" to provide for oneself. Maybe you draw the line at "two full time jobs" to provide for a family of four -- in that case you pretty much have to stop pining for the "good old days" where one bread-earner is enough to raise two kids with a stay-at-home spouse -- that model requires "one full time job" to be enough to provide for a family of four.
The minimum wage is where the rubber meets the road, where a society unambiguously say "we value work at least this much."
Not at all. First of all this great and glorious "Society" has no fucking idea what it takes to live in Reston, VA vs what it takes to live in Charleroi, PA. https://www.zillow.com/homedetails/1212-Lookout-Ave-Charleroi-PA-15022/49759697_zpid/
https://www.zillow.com/homedetails/11220-Chestnut-Grove-Sq-APT-13-Reston-VA-20190/51722239_zpid/I can live like a king making only $30K ($15 minimum wage) in Charleroi, PA. I am living in my car in Reston, VA.
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
@lufins-dad said in If anti-Democrats were smart...:
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
Breaking up the country into small regions where you set "minimum wage" differently for every such region simply means you further impede geographic mobility -- you will make it harder for those from the "low wage region" to be able to afford to move to the "high wage region," and you also further disincentivize the working age people from the "high wage region" to move to the "low wage region." Is that your American Dream?
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@lufins-dad said in If anti-Democrats were smart...:
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
Breaking up the country into small regions where you set "minimum wage" differently for every such region simply means you further impede geographic mobility -- you will make it harder for those from the "low wage region" to be able to afford to move to the "high wage region," and you also further disincentivize the working age people from the "high wage region" to move to the "low wage region." Is that your American Dream?
@axtremus said in If anti-Democrats were smart...:
@lufins-dad said in If anti-Democrats were smart...:
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
Breaking up the country into small regions where you set "minimum wage" differently for every such region simply means you further impede geographic mobility -- you will make it harder for those from the "low wage region" to be able to afford to move to the "high wage region," and you also further disincentivize the working age people from the "high wage region" to move to the "low wage region." Is that your American Dream?
I think companies already do that. I have read that some of the San Francisco companies are going to let people work remotely permanently, they cannot expect to earn San Francisco salaries if they live way out in teh country somewhere.
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@lufins-dad said in If anti-Democrats were smart...:
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
Breaking up the country into small regions where you set "minimum wage" differently for every such region simply means you further impede geographic mobility -- you will make it harder for those from the "low wage region" to be able to afford to move to the "high wage region," and you also further disincentivize the working age people from the "high wage region" to move to the "low wage region." Is that your American Dream?
@axtremus said in If anti-Democrats were smart...:
@lufins-dad said in If anti-Democrats were smart...:
Maybe, just maybe these are two disparate areas of the country (only 3 hours away by car) where a one size fits all solution won't work?
Breaking up the country into small regions where you set "minimum wage" differently for every such region simply means you further impede geographic mobility -- you will make it harder for those from the "low wage region" to be able to afford to move to the "high wage region," and you also further disincentivize the working age people from the "high wage region" to move to the "low wage region." Is that your American Dream?
Absolutely wrong on so many levels. First you imply that there is already constant migration between low wage and high wage areas. People are leaving California by droves to move to areas with lower costs of living. Same with New York.
At the same time, it’s also quite common for a lot of workers in lower wage regions to move to higher wage regions for a time as well. I did it and am surrounded by many other transplants from my area. They come for the higher paying jobs, save up, then eventually return to an area with the lower cost of living to enjoy a higher quality of life. It’s what I did in moving to the DC suburbs and it’s what literally tens of thousands of Western Pennsylvanians have done.
Equal incomes between regions would do more to inhibit migration. No need to look for higher wages... No need to look for lower costs of living if it’s the same everywhere...
Also, don’t confuse average wage amounts with quality of life...
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The government, and many companies, used to use a Cost of Living Allowance (COLA) to adjust salaries to different geographic areas.
Back in 1977 I moved from Boston to Dallas and my salary dropped by about 20% because I lost the Boston COLA. At that time, Dallas cost of living was very low.
Eventually I moved to the DC area and the salary worked it's way back up.
And of course, Federal government interference in this sort of thing is always a bad idea.
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Governments also do this with overseas postings. Depending on where you are assigned, you will get an adjustment.
I agree with @LuFins-Dad , in theory, it can be a good idea to have different minimum wages.
Of course, then you would have people on the border line complaining that they cannot hire anybody, because they will just go across the minimum wage "border" and get a job that pays more.
Not sure how it would be set up, but in theory, I think it is a good idea.
