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Colorado will lower it's minimum wage - 10/13/2009 8:53:20 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://www.huffingtonpost.com/2009/10/13/colorado-minimum-wage-wil_n_318619.html

Unbelievable!   Didn't congress just vote itself a RAISE?


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RE: Colorado will lower it's minimum wage - 10/13/2009 9:16:49 AM   
Hillwilliam


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Joined: 8/27/2008
Status: offline 		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.

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RE: Colorado will lower it's minimum wage - 10/13/2009 10:40:22 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		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.

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RE: Colorado will lower it's minimum wage - 10/13/2009 11:15:35 AM   
DomKen


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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.

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RE: Colorado will lower it's minimum wage - 10/13/2009 11:22:27 AM   
pahunkboy


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From: Central Pennsylvania
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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

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RE: Colorado will lower it's minimum wage - 10/13/2009 2:22:04 PM   
DomKen


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Joined: 7/4/2004
From: Chicago, IL
Status: offline 		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.

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RE: Colorado will lower it's minimum wage - 10/13/2009 2:47:17 PM   
pahunkboy


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From: Central Pennsylvania
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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

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RE: Colorado will lower it's minimum wage - 10/13/2009 3:41:49 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline 		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/

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RE: Colorado will lower it's minimum wage - 10/13/2009 6:24:22 PM   
thornhappy


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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

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RE: Colorado will lower it's minimum wage - 10/13/2009 6:27:43 PM   
servantforuse


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Status: offline 		Not to worry. The Obama administrations pay czar will handle all of this.

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RE: Colorado will lower it's minimum wage - 10/14/2009 12:15:11 AM   
variation30


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From: Alabama
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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.


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RE: Colorado will lower it's minimum wage - 10/14/2009 2:50:44 AM   
pahunkboy


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From: Central Pennsylvania
Status: offline 		But gold costs me 10% more this year.

Silver?   80% more expensive this year.    Which means the price has inflated.

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RE: Colorado will lower it's minimum wage - 10/14/2009 6:27:28 AM   
DomKen


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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.

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RE: Colorado will lower it's minimum wage - 10/14/2009 7:07:22 AM   
pahunkboy


Posts: 33061
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From: Central Pennsylvania
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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.

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RE: Colorado will lower it's minimum wage - 10/15/2009 12:29:31 AM   
variation30


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Joined: 12/1/2007
From: Alabama
Status: offline
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).


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RE: Colorado will lower it's minimum wage - 10/15/2009 12:33:03 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
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.


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all the good ones are collared or lesbians.

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RE: Colorado will lower it's minimum wage - 10/15/2009 8:00:32 AM   
Louve00


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Joined: 2/1/2009
Status: offline 		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.

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RE: Colorado will lower it's minimum wage - 10/15/2009 3:11:42 PM   
variation30


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Joined: 12/1/2007
From: Alabama
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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.


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RE: Colorado will lower it's minimum wage - 10/15/2009 3:17:04 PM   
lusciouslips19


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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.


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RE: Colorado will lower it's minimum wage - 10/15/2009 3:42:33 PM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
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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all the good ones are collared or lesbians.

or old.

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