tag:blogger.com,1999:blog-7190363847001030078.post5279911182896348427..comments2024-03-11T18:09:51.461-07:00Comments on Between the Lines: Skinny fries, the new normal...Marty Mazorrahttp://www.blogger.com/profile/08472867992519060059noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7190363847001030078.post-11729927889803047482013-12-08T06:11:46.000-08:002013-12-08T06:11:46.000-08:00It is important to consider how much people earnin...It is important to consider how much people earning the minimum wage actually make. At present, a minimum wage earner working 40 hours a week without ever taking a vacation will make $15,080 a year. Obama’s proposed increase would mean an additional $3,640. Most minimum wage workers are adults, not teens, and most work for large corporations, not mom-and-pop stores. This means there are hard-working parents who are employed full-time at places that make billions in profits and often receive considerable tax breaks. And yet these parents still don’t earn enough to live above the poverty line.gold pricehttp://www.anglofareast.com/research/gold-price/noreply@blogger.comtag:blogger.com,1999:blog-7190363847001030078.post-83179300381125867312013-12-08T11:45:15.000-08:002013-12-08T11:45:15.000-08:00Suppose the new minimum wage had no effect on empl...Suppose the new minimum wage had no effect on employment within the firms that are forced to pay it. (I.e. the demand for workers, and the products they produce, is perfectly inelastic.) It will therefore take more money to pay those workers. Where does that purchasing power come from? Clearly, it has to come from money that would have been spent on something else. With less demand for "something else" we need fewer workers to produce that "something else".Andy Weintraubhttp://YourWebsitenoreply@blogger.com