tag:blogger.com,1999:blog-2992740250270600844.post3377807256491080836..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: The Minimum Wage Will Go Up, Right Or Wrong!Bruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2992740250270600844.post-19598950637701662892016-09-20T12:50:34.235-07:002016-09-20T12:50:34.235-07:00You are absolutely correct. Money doesn't grow...You are absolutely correct. Money doesn't grow on trees and simply mandating the businesses pay out more money to employees means that those same businesses have to get the money from somewhere else. That typically means increased cost of goods- or inflation. There seems to be a strong disconnect in the political world between real world economics and political proposed economics. We are seeing big changes to business and job opportunities from the new federal overtime rules. Companies are reducing internship opportunities and looking at lowering starting wages to college grads due to increased overtime expenses. This article goes more into detail http://www3.swipeclock.com/updated-federal-overtime-law-means-tracking-time-employees/ Annemariahttps://www.blogger.com/profile/01120539649452952929noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-67841466119205078062016-09-20T12:49:16.266-07:002016-09-20T12:49:16.266-07:00You are absolutely correct. Money doesn't grow...You are absolutely correct. Money doesn't grow on trees and simply mandating the businesses pay out more money to employees means that those same businesses have to get the money from somewhere else. That typically means increased cost of goods- or inflation. There seems to be a strong disconnect in the political world between real world economics and political proposed economics. We are seeing big changes to business and job opportunities from the new federal overtime rules. Companies are reducing internship opportunities and looking at lowering starting wages to college grads due to increased overtime expenses. This article goes more into detail http://www3.swipeclock.com/updated-federal-overtime-law-means-tracking-time-employees/ Annemariahttps://www.blogger.com/profile/01120539649452952929noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-79825877899776247172014-03-19T19:00:44.458-07:002014-03-19T19:00:44.458-07:00P.S. MSC stands for Mandatory Savings Contributio...P.S. MSC stands for Mandatory Savings Contributions (from the Cyprus Experiment.Blair Hamiltonhttps://www.blogger.com/profile/12788632668250115100noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-66463503049592453872014-03-19T18:57:05.234-07:002014-03-19T18:57:05.234-07:00Here is a quote from my blog (bookofunspin.blogspo...Here is a quote from my blog (bookofunspin.blogspot.com) about the inflation that is being kept at bay by the river of free money pouring into the marketplace... <br /><br />"It's too bad that ordinary Canadians can't get ahead of the curve somehow, and begin to move all of their savings and make all of their deposits into a local Credit Union account, removed from the stormy uncertainty of the teetering global economy. That way, when the Federal Reserve of the United States finally allows interest rates to rise, (causing an eruption of hyper-inflation and the inevitable tsunami of bankruptcies and lay-offs, leaving behind the desolation of crushed stock markets around the world), we can breathe a sigh of relief and continue on a local scale of commerce. When our elected representatives start pounding on their desks and vote unanimously to bring in the MSC as the salvation for our precious charter banks, we can politely shake our heads, herd these ravenous dinosaurs together and cheer as they stampede into the pages of history."<br /><br />Exercising reasonable control over currencies, whether they are gold bullion, fiat notes or virtual numbers in a computer network will have to be done at a local level - it's the place where common sense can actually prevail.Blair Hamiltonhttps://www.blogger.com/profile/12788632668250115100noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-43300173216001670152014-03-16T18:01:21.362-07:002014-03-16T18:01:21.362-07:00Thanks for the comment, you make some very good po...Thanks for the comment, you make some very good points. Much of what is going on does not serve society and to many of our resources are being diverted. As far as inflation it is indeed a problem and I'm afraid it is about to get much worse. Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-40862789614807655762014-03-16T09:32:24.949-07:002014-03-16T09:32:24.949-07:00As a minimum wage earner, I think that the problem...As a minimum wage earner, I think that the problem that is not adressed here is inflation. What happens year after year is that the "minimum wage" becomes less and less in terms of the costs of living, so raising it is merely treading water. Inflation is like a tax on the entire population that allows money to flow into useless and harmful occupations (probably 70 - 80% of today's "jobs" don't add any improvement to the health and happiness of society). The capitalist system now rewards greed and cunning instead of economy and industry, and the real parasites that cause all the suffering need to be cleansed out of the financial system entirely. Bank accounts should only exist for people involved in worthwhile industry and everyone else should be thankful to have their needs met. Blair Hamiltonhttps://www.blogger.com/profile/12788632668250115100noreply@blogger.com