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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (843215)	3/16/2015 7:48:03 PM
From: bentway	Read Replies (1) \| Respond to of 1574306

CJ, why not just raise the minimum wage to $50/hour? You continually throw out this straw man. Has ANYONE, other than YOU, EVER suggested this? NO. It's as ridiculous as proposing the tax rate should be cut to zero, because of all the REVENUE it would generate!

To: Tenchusatsu who wrote (843215)	3/16/2015 8:36:03 PM
From: combjelly	Read Replies (3) \| Respond to of 1574306

That one again? Personally, I think it would be interesting. Yes, you'd probably get some inflation, but the main thing you would get would be wage compression. That wouldn't be a bad thing because economic growth would be much, much higher. That really would be a tide that raises all boats. But $50/hr. would probably be too much unless phased in over a long period of time. We know for a fact that $11/hr. isn't too much, that is where it was in 1970 when adjusted for inflation. The middle class was solid and most families only had one wage earner. So $15/hr. probably isn't a problem either. Because if you throw in improvements in productivity, the benefits of which no longer wind up in anybody's pockets but the investor class, minimum wage should be over $20/hr. Um, you do know that slippery slope arguments are considered to be intellectually dishonest like straw man arguments are? As for Seattle, it's all too easy to just close up shop and reopen in nearby towns like Tacoma, Federal Way, or Edmonds. It might be easy, but is it happening? I am sure you can find some anecdotal evidence, but this has not been by the evidence. It is like arguing that states like Texas should be flooded with tech companies fleeing Silicon Valley because wages, taxes and housing are lower. While there have been a few cases like that, there hasn't been a flood. There have been some startups, but VC is hard to come by compared to Silicon Valley. Investors like to be physically close to the businesses they fund and the ones here like to fund big, but few. Like maybe 3 or 4 a year. It is very different than in California where they may fund hundreds in the same time period. You open and maintain a business presence where your markets are.