Colorado will lower it's minimum wage

Colorado will lower it's minimum wage (Full Version)

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pahunkboy -> Colorado will lower it's minimum wage (10/13/2009 8:53:20 AM)
http://www.huffingtonpost.com/2009/10/13/colorado-minimum-wage-wil_n_318619.html Unbelievable! Didn't congress just vote itself a RAISE?

Hillwilliam -> RE: Colorado will lower it's minimum wage (10/13/2009 9:16:49 AM)
ok, 4 cents an hour. That's 1.60 a week. Actually, I think they did it to slap the feds in the face by lowering it to a penny less than the federal minimum wage.

pahunkboy -> RE: Colorado will lower it's minimum wage (10/13/2009 10:40:22 AM)
Will Goldman saches, JP Morgan take a pay cut? Particularly since they now are public servants-? That being that the public pays the tab. It is not the .04 it is the principle.

DomKen -> RE: Colorado will lower it's minimum wage (10/13/2009 11:15:35 AM)
quote: ORIGINAL: Hillwilliam ok, 4 cents an hour. That's 1.60 a week. Actually, I think they did it to slap the feds in the face by lowering it to a penny less than the federal minimum wage. It's automatic and had nothing to do with any feeling about the feds. The Colorado minimum wage is tied to the inflation rate and since we're actually experiencing deflation the minimum wage went down.

pahunkboy -> RE: Colorado will lower it's minimum wage (10/13/2009 11:22:27 AM)
quote: ORIGINAL: DomKen quote: ORIGINAL: Hillwilliam ok, 4 cents an hour. That's 1.60 a week. Actually, I think they did it to slap the feds in the face by lowering it to a penny less than the federal minimum wage. It's automatic and had nothing to do with any feeling about the feds. The Colorado minimum wage is tied to the inflation rate and since we're actually experiencing deflation the minimum wage went down. the official numbers of core inflation do not include food and energy. they use all kinds of gimicks to warp the true numbers. Hyper inflation began at the wholesale level back in May. We will see it next year. In due time they will just get rid of the minimum wage. In some ways that would be a good thing. I thought min wage was $5.25. hmmm

DomKen -> RE: Colorado will lower it's minimum wage (10/13/2009 2:22:04 PM)
Actually the CPI numbers do contain food and energy costs although the reports also include the inflation rate when those are excluded. No hyper inflation is occuring. If prices were rising at the wholesale level at 15 or 20% annually we'd have heard lots about it and that isn't anywhere near hyper inflation.

pahunkboy -> RE: Colorado will lower it's minimum wage (10/13/2009 2:47:17 PM)
quote: ORIGINAL: DomKen Actually the CPI numbers do contain food and energy costs although the reports also include the inflation rate when those are excluded. No hyper inflation is occuring. If prices were rising at the wholesale level at 15 or 20% annually we'd have heard lots about it and that isn't anywhere near hyper inflation. You are funny. The fed no longer publishes M3. -- the feds numbers are fake. http://www.shadowstats.com/section/content-feed/commentaries

DomKen -> RE: Colorado will lower it's minimum wage (10/13/2009 3:41:49 PM)
Ever heard of the Producer Price Index? It's the wholesale equivalent of the CPI. It is showing the exact same low deflation to low inflation swings as the CPI has for the last 10 months or so. http://www.bls.gov/pPI/

thornhappy -> RE: Colorado will lower it's minimum wage (10/13/2009 6:24:22 PM)
quote: ORIGINAL: pahunkboy quote: ORIGINAL: DomKen Actually the CPI numbers do contain food and energy costs although the reports also include the inflation rate when those are excluded. No hyper inflation is occuring. If prices were rising at the wholesale level at 15 or 20% annually we'd have heard lots about it and that isn't anywhere near hyper inflation. You are funny. The fed no longer publishes M3. -- the feds numbers are fake. http://www.shadowstats.com/section/content-feed/commentaries "Unfortunately, with the economy in a structural downturn and with the U.S. government effectively bankrupt, there can be no rapid or normal recovery" You know, the government's been effectively "bankrupt" since at least the Reagan administration, and fairly rapid recoveries have been made from previous recessions. A second thing - Gillespie was big into precious metals, and by raking up hyperinflationary fears, the newsletter implies that precious metals are the choice to make. Sounds like there may be more agenda than good stats going on, especially with the low current inflation rate. thornhappy

servantforuse -> RE: Colorado will lower it's minimum wage (10/13/2009 6:27:43 PM)
Not to worry. The Obama administrations pay czar will handle all of this.

variation30 -> RE: Colorado will lower it's minimum wage (10/14/2009 12:15:11 AM)
quote: ORIGINAL: pahunkboy http://www.huffingtonpost.com/2009/10/13/colorado-minimum-wage-wil_n_318619.html Unbelievable! Didn't congress just vote itself a RAISE? the lower minimum wage gets, the lower unemployment gets.

pahunkboy -> RE: Colorado will lower it's minimum wage (10/14/2009 2:50:44 AM)
But gold costs me 10% more this year. Silver? 80% more expensive this year. Which means the price has inflated.

DomKen -> RE: Colorado will lower it's minimum wage (10/14/2009 6:27:28 AM)
quote: ORIGINAL: pahunkboy But gold costs me 10% more this year. Silver? 80% more expensive this year. Which means the price has inflated. No. Precious metal prices are being manipulated to take advantage of suckers who bought precious metals in a period where buying precious metals is unwise. You can tell this because silver is up substantially more than gold which is always indicative of manipulation. Buy precious metals as a hedge against inflation not when deflation is expected. IOW you've been lied to and taken advantage of.

pahunkboy -> RE: Colorado will lower it's minimum wage (10/14/2009 7:07:22 AM)
quote: ORIGINAL: DomKen quote: ORIGINAL: pahunkboy But gold costs me 10% more this year. Silver? 80% more expensive this year. Which means the price has inflated. No. Precious metal prices are being manipulated to take advantage of suckers who bought precious metals in a period where buying precious metals is unwise. You can tell this because silver is up substantially more than gold which is always indicative of manipulation. Buy precious metals as a hedge against inflation not when deflation is expected. IOW you've been lied to and taken advantage of. Since TARP, I am up 80%. Tho my house went down in value. I am not worried about precious metals. 6000 years history to the non-paper wealth. Bernanki, Greenspan, Geikner, Paulson, are all liers. The thing is- the same once now costs me 80% more then 10 months ago.

variation30 -> RE: Colorado will lower it's minimum wage (10/15/2009 12:29:31 AM)
quote: ORIGINAL: pahunkboy But gold costs me 10% more this year. Silver? 80% more expensive this year. Which means the price has inflated. ...no. inflation is an increase in the money supply, not an increase in cost. commodities are a good indicator of inflation, though. as a currency is devalued (and/or people lose their faith in it), people will rush into commodities (which is why I said to buy gold about a year ago when it was around 350 and ounce cheaper than it is now).

variation30 -> RE: Colorado will lower it's minimum wage (10/15/2009 12:33:03 AM)
quote: ORIGINAL: DomKen No. Precious metal prices are being manipulated to take advantage of suckers who bought precious metals in a period where buying precious metals is unwise. You can tell this because silver is up substantially more than gold which is always indicative of manipulation. Buy precious metals as a hedge against inflation not when deflation is expected. IOW you've been lied to and taken advantage of. http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx times where buying gold is unwise are very, very rare. deflation...yeah, right. like that's going to happen. I wish it would, but it won't. we'll just get the lovely and pernicious mix of inflation and price fixing...which will go well.

Louve00 -> RE: Colorado will lower it's minimum wage (10/15/2009 8:00:32 AM)
Well, I live in FL where we only have the federal minimum wage in place here. Which means while we still work for peanuts, at least they'll be leaving our peanuts alone.

variation30 -> RE: Colorado will lower it's minimum wage (10/15/2009 3:11:42 PM)
quote: ORIGINAL: Louve00 Well, I live in FL where we only have the federal minimum wage in place here. Which means while we still work for peanuts, at least they'll be leaving our peanuts alone. you work for minimum wage? only around 2% of the us population works for the federal minimum wage. anyhow, the idea that raising minimum wage somehow equates to increasing people's livelihood is just silly. if you want people's wages to really go up, cut regulations and taxes on businesses (minimum wage included) so that business owners are able to invest more in increased methods of production. this'll result in lowered prices - which means your dollar will buy more.

lusciouslips19 -> RE: Colorado will lower it's minimum wage (10/15/2009 3:17:04 PM)
quote: ORIGINAL: variation30 quote: ORIGINAL: Louve00 Well, I live in FL where we only have the federal minimum wage in place here. Which means while we still work for peanuts, at least they'll be leaving our peanuts alone. you work for minimum wage? only around 2% of the us population works for the federal minimum wage. anyhow, the idea that raising minimum wage somehow equates to increasing people's livelihood is just silly. if you want people's wages to really go up, cut regulations and taxes on businesses (minimum wage included) so that business owners are able to invest more in increased methods of production. this'll result in lowered prices - which means your dollar will buy more. I believe lower production costs will lead to greater profits but NOT lower prices. Big business does not work that way. Competition between businesses leads to lower prices. The difference in pay between the haves and have nots continues to grow.

variation30 -> RE: Colorado will lower it's minimum wage (10/15/2009 3:42:33 PM)
quote: ORIGINAL: lusciouslips19 I believe lower production costs will lead to greater profits but NOT lower prices. Big business does not work that way. Competition between businesses leads to lower prices. The difference in pay between the haves and have nots continues to grow. well, first off competition does not necessarily drive down prices - prices are nothing but a reflection of information (though competition and lower prices are a corollary...but that's being a bit nit-picky). and what is wrong about pay differences growing? but yeah, let's say one has greater profits...would it not be wise to lower a price to have a larger base of consumers (increasing profits further).

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