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The short and sweet of it is this... landlords get about 40% of your paycheck for rent (lower wage people) So if a person is getting 10 bucks and hour now they are paying about 600-650 for a place to stay. If that goes to 15 an hour than the landlord will raise the rent to 1000 as soon as the lease comes around. Here is why Wall street likes it...

1) their clients control the lions share of rental housing. 2) When rents climb, property values which are based on rents climb and they can then refinance and buy even more rental properties. 3) smaller businesses are the ones hurt and it destroys incentives for people to open their own business eliminating competition 4) when you have to pay a retard 15 an hour you have to pay a decent person 20 and a good person 25 etc which allows businesses to negotiate with the third world for cheap goods but increase margins to sell to you. 5) it causes mass migration who all become paying customers for their products. (the real reason both republicans an democrats want immigration) 6) When the resulting inflation occurs the debt their clients took on for acquisitions and mergers all become smaller by default as they inflate their way out of debt. (debt/equity ratio) 7) The turmoil of lost jobs and more welfare just makes people more dependent on the govt which for Wall street is a good thing as they know the govt will borrow more money to feed and house the downtrodden and never default. (it also insures they will vote democrat which is what the supreme leaders the Rothchilds want.)

Don't be fooled.. Israel does not control america... The Rothschild banking empire does and they simply USE Israel as their tool to control the white house and wall street.

Now you know....

The short and sweet of it is this... landlords get about 40% of your paycheck for rent (lower wage people) So if a person is getting 10 bucks and hour now they are paying about 600-650 for a place to stay. If that goes to 15 an hour than the landlord will raise the rent to 1000 as soon as the lease comes around. Here is why Wall street likes it... 1) their clients control the lions share of rental housing. 2) When rents climb, property values which are based on rents climb and they can then refinance and buy even more rental properties. 3) smaller businesses are the ones hurt and it destroys incentives for people to open their own business eliminating competition 4) when you have to pay a retard 15 an hour you have to pay a decent person 20 and a good person 25 etc which allows businesses to negotiate with the third world for cheap goods but increase margins to sell to you. 5) it causes mass migration who all become paying customers for their products. (the real reason both republicans an democrats want immigration) 6) When the resulting inflation occurs the debt their clients took on for acquisitions and mergers all become smaller by default as they inflate their way out of debt. (debt/equity ratio) 7) The turmoil of lost jobs and more welfare just makes people more dependent on the govt which for Wall street is a good thing as they know the govt will borrow more money to feed and house the downtrodden and never default. (it also insures they will vote democrat which is what the supreme leaders the Rothchilds want.) Don't be fooled.. Israel does not control america... The Rothschild banking empire does and they simply USE Israel as their tool to control the white house and wall street. Now you know....

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[–] • 0 pt

Where did you get that estimate?

[–] • 1 pt (edited )
[–] • -1 pt (edited )

Everyone claimed seattle would take a nose dive as they raised their minimum.

Now it's the fastest growing city in america

https://www.wsfa.com/2018/12/30/minimum-wage-rising-states-numerous-cities/

Minimum raised all boats.

Your stuff comes from paid prediction from think tanks.

Once the minimum is raised everyone shuts up about it. They don't call for a decrease.

Strange that?

[–] • 1 pt

There are many factors to the success of a city, and laying it on one is dubious at best.

So, you found a local news network that says some of the words that you want to hear, ok.

Then you attack the source of the presented cited information without addressing the content.

Then some empty phrase without content to support.

Finally you ask me a question to divert from the point of our exchange. To answer your question, it's not a winning strategy to advocate for less money in paychecks, even if it is the financial better choice, because most people don't understand the concept of purchasing power. Basically, it's political suicide, so we slide faster towards unsustainable inflation rather than have hard conversations that allows us to avoid economic crisis.

Again, where did you get the numbers you presented in your first post?

[–] • 0 pt (edited )

Funny when my state raised the min wage. The prices every where increased. Me who already made more than min wage didnt get a raise. So just a price increase for me. Fuck you. Min wage is for kids, you are not suppose to raise a family at min wage. If min wage isnt enough for you. Well its easy FIND A NEW JOB.

Edit: Whats funny the people who did get a raise, now have to buy with higher prices like me. Making there wage increase worethless.