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"Democrats Turn to Minimum Wage as 2014 Strategy"

According to the New York Times: Watch out.

WASHINGTON — Democratic Party leaders, bruised by months of attacks on the new health care program, have found an issue they believe can lift their fortunes both locally and nationally in 2014: an increase in the minimum wage.
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The effort to take advantage of growing populism among voters in both parties is being coordinated by officials from the White House, labor unions and liberal advocacy groups.

In a series of strategy meetings and conference calls among them in recent weeks, they have focused on two levels: an effort to raise the federal minimum wage, which will be pushed by President Obama and congressional leaders, and a campaign to place state-level minimum wage proposals on the ballot in states with hotly contested congressional races.

With polls showing widespread support for an increase in the $7.25-per-hour federal minimum wage among both Republican and Democratic voters, top Democrats see not only a wedge issue that they hope will place Republican candidates in a difficult position, but also a tool with which to enlarge the electorate in a nonpresidential election, when turnout among minorities and youths typically drops off.

“It puts Republicans on the wrong side of an important value issue when it comes to fairness,” said Dan Pfeiffer, the president’s senior adviser. “You can make a very strong case that this will be a helpful issue for Democrats in 2014. But the goal here is to actually get it done. That’s why the president put it on the agenda.”

Continue reading at the New York Times



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Who benefits?

*Federal Reserve members are guaranteed by Congress that their paid in reserves pay 6% profits after expenses. Increased wages won't affect their profits.

The first member paid $10 million in gold (@$20/oz) to become a reserve member. Increasing minimum wage is profit neutral.

*Federal Government benefits from increased withholding an higher taxes 2014 April.

*Politician hope to benefit at election time, if the local economies haven't crashed before November.

*Family businesses without employees may see increased spending. Would one employee spending $15/hour spend more the two employees making $7/hour after taxes.

*Those who keep their jobs.

*Family business with employees will have to do with half the staff if they have a loan to repay.

Freelance and cash laborers.

Who suffers?

Workers replaced by robots.

Workers who cannot produce $15 of profit to pay his keep.

Businesses that have balanced their expenses and labor needs profitably. Taxes force businesses to operate profitably, some will have to shut down.

Free includes debt-free!

Making more increase their Obamacare costs

Just explain to them that by making more they will now have to pay more for health insurance through the ACA. Direct them to the website where they can enter in their new salary and watch their premiums go up.

As a joke...

I told some of my employees I would have to cut their wage to $8 in order to save for the federal government's raise of the minimum wage. The look on their faces was priceless as I already pay them more than what CO just established.

Rephrased...

"Democrats turn to moronic demagoguery as 2014 strategy"

I keep saying, the failure of democracy is a result of an ignorance of basic economics...

The demand curve is downward sloping bit***s...

(facepalm)

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

meekandmild's picture

Will there be a boom in

contract labor?

So what/who will they turn to

So what/who will they turn to when it blows up in their faces?

To climb the mountain, you must believe you can.

Unfortunately

No. At least not to voters they are targetting with this, which are the ones making minimum wage, or don't feel they are making enough, and don't appreciate just having a job. The response I've received most often is "so... my employer can just cut their profits. They don't have to raise prices or anything..." even after providing figures on what it would do. Most people anymore think that the businesses should just take out a loan to pay for the next year, not understanding that to do so would raise prices to pay for the interest as well as the 60%+ increase in wages plus FICA.

How to combat this

Talk about the hidden costs

http://www.dailypaul.com/308958/businesses-brace-for-serious...

Will it be possible to reason?

allegory - ˈalɪg(ə)ri/ - noun - 1. a story, poem, or picture which can be interpreted to reveal a hidden meaning, typically a moral or political one.