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Min Wage Increases only hurt the middle class and poor.

Min Wage Increases only hurt the middle class and poor. | Well look at that - minimum wages are being raised almost everywhere. If Min Wage increases work - then why are people at the bottom always still poor after the min wage increases? | image tagged in memes,hide the pain harold | made w/ Imgflip meme maker
205 views 11 upvotes Made by LetsGo_Elect_Brandon_JR 3 years ago in politics
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9 Comments
1 up, 3y,
1 reply
Cause and effect...wages up, costs up, prices up.
1 up, 3y
Which means less money in the middle class because they don't get a pay raise. Then the offset of goods and services does nothing for the poor.
0 ups, 3y,
1 reply
Well, Lets say that you just got a raise from 12 USD and hour, To 15 USD and hour. And also in this situation you work for 2 hours. Well that means you get to spend more money. Instead of spending maybe, Half of the 24 dollars you usually make, you spend half of the 30 dollars you make now. This cycle leads you to still be relatively where you started. You just have to be smart with your money.
0 ups, 3y,
1 reply
No - let's put realistic numbers on it. Let's say you were at 12 - went to 15 and work 30 hours a week.

You used to get $360 a week for that. Or 1440 a month. Now you get $450 a week for that. OooooWeee you've got 90 more dollars. Or 1800 a month.

Now - you buy groceries, you buy gas, you eat lunch at a fast food place every day, you purchase clothes once a month, and you also have entertainment in the form of movies at the theater. You have utilities, rent, etc.

Your groceries a week under $360 a week cost you $100 a week, focusing on breakfast and dinner. Your rent is 500 for your efficiency apartment. Your gas normally costs you 30 a week. Your utilities cost you 200 a month. Your movies costs you 40 a month. Clothing 50 a month. Your lunch 40 a week. Then Insurance for your car and Apartment are 100. Basically your spending takes up 1400 of that 1440.

Then Inflation occurs with the minimum wage increase.
Now your groceries cost $125 a week. Your gas costs $45 a week. Your lunch weekly now costs $60. Your movies go up to $60 a month. Clothing now costs $75 a month. Rent is still 500 and utilities stay consistent, insurance stays consistent. Let's add that up...

$500 groceries, $500 rent $200 utils, $100 insurance, $180 in gas, $60 in movies, $75 in clothes, $240 for lunch. A grand total of $1890 now. With your new wage - you're currently $90 in the hole each month. Which means that in order for you to live - you will have to give up some quality of your life that you enjoyed prior to the Pay Raise.

Thus - you are now left with LESS wealth than you had before and are now living a life that is less fulfilled than it was.

What I've described is what happens EVERY TIME min wages increase. I hope this helps for your understanding.
0 ups, 3y,
2 replies
and, apartment
0 ups, 3y,
1 reply
Right the $500 for an efficiency apartment...
0 ups, 3y,
1 reply
Just correcting your grammar, You typed “and Apartment” the correct sentence would contain a comma and have “Apartment” without the capital “A”
0 ups, 3y
When including two items in a sentence that combine to equal an outcome, the "and" serves the same purpose as a comma. It isn't until you have three components that you need commas. The upper case A is definitely off though.

Examples below:

Jack and Jill went up the hill...
Jack, Jill, and Brian went up the hill...
0 ups, 3y
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Well look at that - minimum wages are being raised almost everywhere. If Min Wage increases work - then why are people at the bottom always still poor after the min wage increases?