turbo-1 said:
If you have never been a union official, you might not have much perspective on this. As a union officer, I threw my support strongly behind increasing minimum wages, out of enlightened self-interest, as did the rest of the leadership. If you can keep base-wages livable, then poor families don't have to rely on help from social services, including fuel subsidies, food stamps, health-care subsidies, etc. All of those costs are a burden on other workers that big corporations want to foist off onto average taxpayers. Union workers support livable wages because it's the right thing to do.
No it isn't, because you are artificially increasing the price of labor to businesses. If you artificially increase the price of something, you are going to create a surplus of it. By the way, Wal-Mart supports a higher minimum wage. They claim they do because they "care," but I think the real motive is that they know that it would harm their smaller business competitors (it's easy for a monster company like Wal-Mart to absorb a higher minimum wage, not so easy for your local mom-and-pop).
In addition, what do you mean about "costs that big corporations want to foist onto average taxpayers?" Where is it a corporation's responsibility to provide all that stuff? The job of a company is to make money for the shareholders. It has a responsibility to provide safe working conditions, sure, but otherwise, what it pays people is based on how the market prices their services. In addition to this, how does one define a "livable wage" anyhow?
The right-wing idea that our society is a zero-sum game in which you can enrich yourself by impoverishing the poor is not logical.
I don't know where you're getting that idea, but that is a left-wing socialist idea, not at all any right-wing idea. The right understands that the pie is not fixed, and that you create wealth, that you grow the pie.
Most people can see that if the people who are in the lower-paid classes (and spend most of their pay every week) are comfortable enough to buy goods and services, then the economy as a whole will strengthen, and we will all benefit.
We don't have classes in America, we have income brackets. And what you are ignoring is that if you raise the price on something artificially, something else has to give. If you force companies to pay workers more, this hits the dividends for the shareholders, the benefits the company can offer the employees, the employees themselves in that they may have to fire people, and the customers, who have to make due with higher prices. Thus what really happens is one group benefits at the expense of the rest of society.
Trickle-down is voodoo economics. Trickle-up is a driving force that can pull us out of recession.
There is no such thing as trickle-down economics. As pointed out before, the idea of supply-side economics is to increase investment, business growth, and job creation, and yes it can work if the taxes on businesses and investment are punitively high. The immediate beneficiaries of such tax cuts are the employees. If a company hires more workers with the intention to grow the business larger, the employees get paid regardless of whether the business ends up making more money.
Never heard of trickle-up either. IMO, usually the politicians emphasizing "trickle-up" want to do it by first stealing from one group to give to another.