Does Romney's support of minimum wage indicate shift in GOP?

[ishii]

Reading the writing on the wall, it seems certain that the minimum wage will be increased substantially in the near future. The stress and frustration that the current minimum wage causes is needless, and can be lessened considerably.

LOVE!

Raising the minimum wage would cause stress and frustration to those who lose their jobs as a result.

Ishii

 

[ProVobis]

You can thank the FED and their Keynesian policy for low interest rates.

“Give me control of a nations money supply, and I care not who makes its laws.” Mayer Amschel Rothschild

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.

“Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.” Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.

“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.” H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.

 

[freeRadical]

Reading the writing on the wall, it seems certain that the minimum wage will be increased substantially in the near future. The stress and frustration that the current minimum wage causes is needless, and can be lessened considerably.

LOVE!

You do know that the percentage of workers that earn the minimum wage is very small right?

 

[saintjohnxxiii]

I’ll reiterate my position again. I don’t mind a moderate increase in the minimum wage to keep up with inflation and have it increased/decreased tied into the inflation rate. Nothing more. If businesses are going to suffer because of that then perhaps they should close up.

 

[Robert_Sock]

You do know that the percentage of workers that earn the minimum wage is very small right?

No, I was not aware of that, but it should not be that big of a deal to raise the minimum wage then.

LOVE!

 

[ProVobis]

No, I was not aware of that, but it should not be that big of a deal to raise the minimum wage then.

FWIW, many states do that already.

dol.gov/whd/minwage/america.htm

 

[freeRadical]

No, I was not aware of that, but it should not be that big of a deal to raise the minimum wage then.

LOVE!

It wouldn’t be a big deal for skilled labor but unskilled labor on the other hand it would be. But would it be a benefit or a cost? Most economists agree that some would benefit at the cost of others. The magnitude of the benefit and costs would depend on particular labor markets and the supply of unskilled labor.

 

[ManOnFire]

“Give me control of a nations money supply, and I care not who makes its laws.” Mayer Amschel Rothschild

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.

“Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.” Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.

“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.” H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.