Taichiliberal
Shaken, not stirred!
Originally Posted by Taichiliberal View Post
The sheer insanity of those who are against a minimum wage increase after YEARS of stagnation (in light of an INCREASING COLA), never ceases to amaze me.
It's like this people.....if your workers have a decent amount of money, then they SPEND more! That means PROFITS for other businesses, who may HIGHER more people. And so on, and so on.
Got it? Good.
A poster responded: The stupidity of the above is what amazes me. If you raise the cost of labor across the board, then the costs of goods sold also goes up. You are not changing purchasing power, you are simply shifting the entire wage scale up.
What is truly ironic is so many of those that champion the increase in minimum wage also rail against companies like WalMart.
Let's examine the major flaw in the responding poster's statement: "cost of labor" is in reality the COLA. Description of COLA
COLA is an acronym for cost-of-living adjustment or cost-of-living allowance. Cost-of-living adjustments are raises in pay that cover the cost of inflation, which influences the cost of living expenses such as rent, food, gas and clothing. A COLA can be tied to national, international or geographical data. The Consumer Price Index, which measures the average price change for a set number of consumer items over time, is often used to figure a COLA.
http://smallbusiness.chron.com/cola-terms-payroll-34151.html
So right off the bat the responding poster's claim is DEAD wrong. But his erroneous assertions are the backbone of the "conservative" mantras that support the anti-union, low wage giant like WalMart. Figures.
The sheer insanity of those who are against a minimum wage increase after YEARS of stagnation (in light of an INCREASING COLA), never ceases to amaze me.
It's like this people.....if your workers have a decent amount of money, then they SPEND more! That means PROFITS for other businesses, who may HIGHER more people. And so on, and so on.
Got it? Good.
A poster responded: The stupidity of the above is what amazes me. If you raise the cost of labor across the board, then the costs of goods sold also goes up. You are not changing purchasing power, you are simply shifting the entire wage scale up.
What is truly ironic is so many of those that champion the increase in minimum wage also rail against companies like WalMart.
Let's examine the major flaw in the responding poster's statement: "cost of labor" is in reality the COLA. Description of COLA
COLA is an acronym for cost-of-living adjustment or cost-of-living allowance. Cost-of-living adjustments are raises in pay that cover the cost of inflation, which influences the cost of living expenses such as rent, food, gas and clothing. A COLA can be tied to national, international or geographical data. The Consumer Price Index, which measures the average price change for a set number of consumer items over time, is often used to figure a COLA.
http://smallbusiness.chron.com/cola-terms-payroll-34151.html
So right off the bat the responding poster's claim is DEAD wrong. But his erroneous assertions are the backbone of the "conservative" mantras that support the anti-union, low wage giant like WalMart. Figures.
