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The Water Cooler
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$20 an hour Minimum Wage coming to Oklahoma?
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<blockquote data-quote="TedKennedy" data-source="post: 4125759" data-attributes="member: 25419"><p>What needs to happen is less government, but since we've already passed that option, let's look at it this way. Over simplified, but this is what happens. </p><p></p><p>Value of a dollar drops 50%. </p><p></p><p>Companies have to make more while paying more for hard goods. (steel, wood, water, etc...) <strong>Cost passed on to the consumer. </strong></p><p></p><p>Each of the companies selling those goods are affected by the devaluation of the dollar, so they have had to increase prices. </p><p></p><p>Fuel prices go up due to devaluation, so EVERYTHING goes up, due to increased delivery/trucking costs. <strong>Cost passed on to the consumer.</strong></p><p></p><p>Guess what doesn't go up in proportion to costs? <strong>Wages.</strong> Very few companies add in cost of living increases for base rates until the market forces them to compete. If Acme Widget can stay in business while paying increased supply costs, yet keep Joe Worker toiling for 2017 wages, he will. </p><p></p><p>Today's hiring market is a shock to those that remember a flooded job market of our youth. Companies are just now realizing that the human commodity price fluctuates just like everything else. It's actually been fun for me to observe this firsthand - corporate folks do not like the taste of 2023 medicine, but it is damn sure good for them.</p></blockquote><p></p>
[QUOTE="TedKennedy, post: 4125759, member: 25419"] What needs to happen is less government, but since we've already passed that option, let's look at it this way. Over simplified, but this is what happens. Value of a dollar drops 50%. Companies have to make more while paying more for hard goods. (steel, wood, water, etc...) [B]Cost passed on to the consumer. [/B] Each of the companies selling those goods are affected by the devaluation of the dollar, so they have had to increase prices. Fuel prices go up due to devaluation, so EVERYTHING goes up, due to increased delivery/trucking costs. [B]Cost passed on to the consumer.[/B] Guess what doesn't go up in proportion to costs? [B]Wages.[/B] Very few companies add in cost of living increases for base rates until the market forces them to compete. If Acme Widget can stay in business while paying increased supply costs, yet keep Joe Worker toiling for 2017 wages, he will. Today's hiring market is a shock to those that remember a flooded job market of our youth. Companies are just now realizing that the human commodity price fluctuates just like everything else. It's actually been fun for me to observe this firsthand - corporate folks do not like the taste of 2023 medicine, but it is damn sure good for them. [/QUOTE]
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$20 an hour Minimum Wage coming to Oklahoma?
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