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General Electric Company Message Board

  • scarbrobill scarbrobill Feb 24, 2013 6:23 PM Flag

    Idiots to raise Minimum Wage.

    I am shocked at how many idiots in gov't and in the public do not understand that raising the MINIMUM WAGE increases the cost of all goods and services. To believe other wise you are an idiot.
    I remember a few years ago when the minimum wage was raised I asked the manager of the local Hardee's if they were going to raise the price of their 'biscuit and gravy'. His response was an adamant no. He was afraid if he did he would lose customers, but he knew the cost would go up. His solution: Hardee's would make the biscuit smaller and the gravy thinner.
    It was not too long after MW became effective, the price did go up.
    To believe that producers of goods and services will not raise prices to cover the new cost of labor you are an idiot. Again raising MW does the following:
    1. increases the cost of living
    2. increases taxes
    3. reduces employment
    4. forces many jobs overseas
    5. increases the number of poor people
    6. for those on fixed incomes drives them deeper into poverty.
    It is time to get gov't out of business. Obama believes MW is good. How dense can one be.
    --------A die hard democrat. .

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