And so it begins...

[Crasherfromwayback]

The hilarious thing about that statement is:

I don't drink coffee at all - can't stand the shit.

Well there ya go. Something we have in common.

[jasonu]

Well, if that's what I've gotta do to make shit better for people less fortunate than myself, so be it. I'll still live here. I actually don't mind helping people out you see.

But all those day to day things will be more expensive for those less fortunates too. Percentage wise it will hurt them more.

[Crasherfromwayback]

But all those day to day things will be more expensive for those less fortunates too. Percentage wise it will hurt them more.

Well, maybe, just maybe, if they save some money by not buying items they don't really need, they might be able to get ahead eh! Something you can't do, when you're earning shit. But don't let that get in the way of you stomping all over the down trodden mate.

[Akzle]

http://www.msn.com/en-nz/money/perso...dk7Q&ocid=iehp

As much as I loathe quoting MSN as a source, It's only taken 7 days for the knock on æffect of a minimum wage rise to start impacting the costs of goods and services. Which is namely one of the reasons why I'm generally against such a rise - everything ends up more expensive, and those on minimum wage end up right were they started.

So here's the question - is there another way that might actually work?

i have a few theories. one involves hanging bankers.
metal prices are going up and up but scrap prices aren't. thanks china.

[jasonu]

Well, maybe, just maybe, if they save some money by not buying items they don't really need, they might be able to get ahead eh! Something you can't do, when you're earning shit. But don't let that get in the way of you stomping all over the down trodden mate.

My take on it is raising mw won't do much to help the down trodden, if anything it may make it worse.

[TheDemonLord]

Well, maybe, just maybe, if they save some money by not buying items they don't really need, they might be able to get ahead eh! Something you can't do, when you're earning shit. But don't let that get in the way of you stomping all over the down trodden mate.

There's a fair amount of data suggesting that of those who inhabit the lower-socioeconomic strata, some are there because they don't do precisely that. If memory serves, it correlates with poor impulse control - meaning they tend to buy something now, to satisfy a short-term gain, forgoing a long-term gain.

[Crasherfromwayback]

My take on it is raising mw won't do much to help the down trodden, if anything it may make it worse.

There's a fair amount of data suggesting that of those who inhabit the lower-socioeconomic strata are there because they don't do precisely that. If memory serves, it correlates with poor impulse control - meaning they tend to buy something now, to satisfy a short-term gain, forgoing a long-term gain.

I think you're talking fucking shit.

[Grumph]

There's a fair amount of data suggesting that of those who inhabit the lower-socioeconomic strata are there because they don't do precisely that. If memory serves, it correlates with poor impulse control - meaning they tend to buy something now, to satisfy a short-term gain, forgoing a long-term gain.

Haven't you just described most impulse/craving driven coffee buyers ? Which is odd as they seem to have money.

I'm another one who don't drink coffee - and don't patronise fast food outlets either where the minimum wage rise might show up next.

[Akzle]

Most of us worked at some time or another for below minimum wage. We learned to turn up, take orders, learn by seeing-then-doing, learned to get along with co-workers, learned discipline beyond that taught at home and school, and finally - sooner or later - learned (after a while) to add a value greater than what we cost our employer, t the goods we helped make or the services we helped provide. That's why a starting wage is a good idea. A minimum wage, not so much.

There is no way a minimum wage can add permanent jobs because paying people more than they are worth in terms of their labour is a good way to go broke. People can and do move up off the minimum wage.

But lefties and Labour and Greenies - but I repeat myself - never learn. They are always 'surprised' that their historically idiotic ideas fail again, and cause others problems. Who'd have thunk.

https://www.denverpost.com/2017/06/2...ge-costs-jobs/

https://www.forbes.com/sites/michael.../#7e9f05ed43b9

whilst i disagree with the conclusion, the premise is sound.
rbcifgip

[TheDemonLord]

I think you're talking fucking shit.

Nope:

http://www.pnas.org/content/108/7/2693

[Swoop]

So yeah, good one Labour. Put up the minimum wage. It's not like that will increase inflation and unemployment . . . wait . . . oh, shit - that's exactly what it will do.

Couple that onto the fuel tax increases (diesel for delivery / transport vehicles) and inflation will start to head upwards at a concerning rate.

[Voltaire]

Savings tip for Monday:

Whilst I like a nice large ( but not a wanky bowl) cappuccino with cinnamon with a $5 carrot cake with little icing carrots at Fonterra in the

Viaduct, when at ET a $6 packet of plunger coffee lasts a couple of weeks.

Also Tuesdays at Subway the sub of the day is ham for only $4.50, although bringing Vegemite and cheese sammies is less.

Also in ET there is Why Knot where you can by close to expiry stuff like Kapiti cheese and ice cream.

Armed with that you should have your mortgage paid off weeks earlier than the 30 years.

[mashman]

Seattle’s higher minimum wage is actually working just fine

[Crasherfromwayback]

Nope:

http://www.pnas.org/content/108/7/2693

What the fuck has some American study got to do with us mate? Try asking my partner about what happens here in NZ for the people from lower social economic places when given a lil bit of breathing room financially.

[TheDemonLord]

What the fuck has some American study got to do with us mate? Try asking my partner about what happens here in NZ for the people from lower social economic places when given a lil bit of breathing room financially.

I don't know your partner - I'm sure He/She is lovely.

I probably should have pointed out too - I missed a word in my original post, which does rather change the meaning.

I didn't mean all of them - but there is a portion of them that are poor mainly due to poor impulse control. I think I've mentioned before - but there's an interesting Statistic to do with Lottery winners - something like 70% of them end up bankrupt or in a worse financial position than before they won.

Then there are some that are poor due to Mental Illness, some due to low IQ, some due to unforseen circumstance, some due to bone-idle laziness etc. etc.