Comments by "whyamimrpink78" (@whyamimrpink78) on "Jeb Bush: Eliminate The Federal Minimum Wage" video.

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  26. Ylze Tyr States that raised their min. wage have seen higher cost of living in prices going up and teenage unemployment going up.  Overall unemployment went down due to several other factors in the economy but that doesn't mean their economy is strong.  Unemployment is one factor of the economy like the min. wage is.  As I told you before, if there are no negative side effects to the min. wage and it actually helps the economy as you claim then why not $50/hr.?  Why stop so low?   You live in this fear mongering world that if we were to remove the min. wage then businesses will pay low wages and the poor will suffer and so would the economy.  You also feel, incorrectly as shown in several stats (Matt R. actually posted some) that wages are not tied to productivity, they are.  You also tried to tie inflation to everything in the economy when not everything inflates.  If it did then I would have paid nearly $9,000 for my smart phone, that is determined from the brick cell phone first costing $3995 in 1984.  Figure in inflation a cell phone should cost around $9000.  But it didn't, and it is better then a brick phone.  The cost of the cell phone didn't meet up with inflation.You have a lot to learn about the economy as you have clearly shown time and time again.  You constantly try to tie everything to the economy very broadly when you can't.  Not every business is ran by a multimillion dollar CEO or owner.  Not every inflates or goes up in value.  Not every job has increased in productivity.  Seriously, study these things.
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  47. Dane Alaska You are a small business owner, CEOs run a different company.  They have to deal with stock holders, numerous regulations, attack from politics, more adversity, and more competition just to name a few issues they have to deal with.  A CEO is one bad decision away from a multimillion dollar company going bankrupt.  They are paid well for a reason.  And them getting paid well means that their company is generating that much wealth. Around 30% of the US holds a college degree.  Less than 5% earn or at or below the min. wage.  The stats. just don't add up.  Are there college grads working min. wage jobs?  Yeah, but they are few and far between and typically hold degrees that are not worth much.The hole digging analogy was about how I can work hard but if I produce little wealth then I won't get paid.  I hear all the time about someone working 2 jobs but still doesn't make much.  That is because their 2 jobs don't generate much wealth.  Every business knows that higher wages means less turnover and better employees.  There comes a point where they simply can't afford it.  Those multibillion dollar companies making all that profit does so because they generate that much wealth.  There are other ways they can spend it that improves society besides hiring more people.  They can invest in something that improves the company and makes it a better place to shop at.  Less profits means less investment and less progress.  Costco sells more because they sell in bulk and are open only during peak hours.  They also have less stores open.  I hear a lot how great it is that Costco pays well but I never hear complaints in how little they hire.  There are only 2 Costcos in my city but several Walmarts.  Sam's Club is owned and operated by Walmart so that plays a role as well.
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