| | Triplethreat said "Raising the minimum wage does not benefit the working poor or anyone else, for that matter, with the possible exception of union bosses. The myth that raising the minimum wage will lift people out of poverty is just that, a myth. When the minimum wage increases, every employer/business has to raise the price of their products and services to make up for the fact that it now costs them more to pay their employees. This results in inflation which eats up any gains that the working poor would see from the minimum wage being increased. In other words, the working poor just end up "back at square one". It also makes savings virtually worthless and really hurts people on fixed incomes, like seniors, for example.
Gasoline really is not any more expensive now than it was twenty five years ago. You can thank inflation and minimum wage increases for that, LOL. In 1990, gasoline was selling for 55 cents per litre and the minimum wage was $5.00/hr. Today gasoline is selling for $1.12 per litre, a little bit more than double it's 1990 pump price, while the minimum wage is also more than double the $5.00 hourly wage of 1990. " |
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Are you actually trying to say that there is a lockstep link between minimum wage and gas prices? Exactly what have you been smoking? The only people involved in the oil and gas industry that make minimum wage are the poor buggers that have to pump it into your car (assuming you go to a full-serve station).
As to your argument about minimum wage increases not benefiting the working poor, that's pure conservative BS as well. An increase in minimum wage to a living wage results in more disposable income, a larger tax base and more customers for businesses. With the increase in customers, businesses increase production and actually have to hire more employees.
As to an increase in minimum wage being a benefit only to union bosses, exactly how many businesses do you think there are that pay minimum wage and have union shops? Not very many, because if there were union representation, those businesses would be paying on scale [i]starting[/i] with the minimum or even higher.
So, if in 1990, gas was selling for 55c and today, with oil prices half of what they are now (were about $23 bbl), and minimum wage at $5 for the gas jockeys, where do you think the discrepancy is? How about in CEO and executive pay? In the late 80's and early 90's, average CEO pay was about 100 times that of the average employee salary level. That ratio is now over 400x. Guess where all the extra money is going? Don't blame it on minimum wage or unions.
The current price of gas is nothing short of a monopolistic rip off of the Canadian public. Since gas production and distribution is linked between Canada and the US, I could understand the current price increase if the US had a comparable increase, but they haven't. There is no market-driven reason for $1.12 gas in Canada other than pure corporate greed.