Politicians' refusal to raise the minimum wage has done irreparable damage to the working class in New Hampshire. Let's explore how this has played out for many residents. "Five years late and $5 short," comes to mind.
There is so much about your assertion(s) about the minimum wage concept that is incorrect, including your conclusions about the impact of a minimum wage on someone’s ability to buy a home. To begin with, entry-level jobs and their corresponding wages were never meant to be the basis of homeownership. They are a starting point on what is a long road toward fiscal responsibility and professional/financial growth. Most of us don’t start at the top.
But let’s put that aside for now. You can always delve into a few Econ books to find of the answers you are looking for.
The real looming, but much bigger issue is the negative effect of artificial adjustments and pressures that will rear their ugly head due to all of the “Stimulus/Relief” money that has just been poured into our economy.
If you think things are expensive now, just wait. As they say, “You ain’t seen nothin’ yet”.
You can’t print/dump trillions of unearned, unvalued dollars into an economy and not expect there to be a massive correction due to the de-valuing of already existing dollars.
And the reason the Fed doesn’t really care is that they stand to collect on the increased taxes that will be collected as inflation (and therefore taxes) soar ever upward.
Let that soak in for a while as you contemplate already high home costs.
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Jeff,
There is so much about your assertion(s) about the minimum wage concept that is incorrect, including your conclusions about the impact of a minimum wage on someone’s ability to buy a home. To begin with, entry-level jobs and their corresponding wages were never meant to be the basis of homeownership. They are a starting point on what is a long road toward fiscal responsibility and professional/financial growth. Most of us don’t start at the top.
But let’s put that aside for now. You can always delve into a few Econ books to find of the answers you are looking for.
The real looming, but much bigger issue is the negative effect of artificial adjustments and pressures that will rear their ugly head due to all of the “Stimulus/Relief” money that has just been poured into our economy.
If you think things are expensive now, just wait. As they say, “You ain’t seen nothin’ yet”.
You can’t print/dump trillions of unearned, unvalued dollars into an economy and not expect there to be a massive correction due to the de-valuing of already existing dollars.
And the reason the Fed doesn’t really care is that they stand to collect on the increased taxes that will be collected as inflation (and therefore taxes) soar ever upward.
Let that soak in for a while as you contemplate already high home costs.
Welcome to the discussion.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.