tag:blogger.com,1999:blog-1213331072378388884.post352883538890410631..comments2024-03-19T08:45:10.745-05:00Comments on Hayward "Blah, Blah, Blah" Blog---Just a (Retired now) High School Economics Teacher. That's all...: Has the minimum wage lost purchasing power over the last 30 years? Well, Yes and No. Read here why the ambivalence. GeneHaywardhttp://www.blogger.com/profile/08848814178464097668noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1213331072378388884.post-52205211264570708352013-12-11T05:27:49.511-06:002013-12-11T05:27:49.511-06:00You points are well taken. I am going to go out on...You points are well taken. I am going to go out on a limb and make a prediction. One of the major companies (like Walmart or McDonalds) will come out in the next few months and announce they will have as a policy of having starting wage of something significantly higher than the minimum, maybe close to $9.00. If I had to narrow that down I am going to say Walmart. Just a hunch. Walmart Anonymoushttps://www.blogger.com/profile/00562037869361692461noreply@blogger.comtag:blogger.com,1999:blog-1213331072378388884.post-70885883662257415332013-12-10T17:31:52.914-06:002013-12-10T17:31:52.914-06:00Gene, I am in Southern California and its even col...Gene, I am in Southern California and its even cold out here. Although, most people outside may not consider low 60s as cold but all of us here are freezing! haha. Are you still in Texas? I heard its pretty cold there.<br />You are completely right that the decision should not be based only on large corporations since middle class businesses would hurt the most with a Min Wage increase. I do knowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1213331072378388884.post-77961910559040424152013-12-10T14:52:27.113-06:002013-12-10T14:52:27.113-06:00Thank you for your comment, Kunal. I appreciate i...Thank you for your comment, Kunal. I appreciate it. Regarding the minimum wage. What I ask people is this: "Next time you go to a large shopping center with a Walmart in it stop and look around at ALL the other businesses that surround it. Most of them (from my observations) are small to medium-ish sized businesses (yogurt stores, family owned restaurants, salons, dry cleaners, and many GeneHaywardhttps://www.blogger.com/profile/08848814178464097668noreply@blogger.comtag:blogger.com,1999:blog-1213331072378388884.post-76516434479928241602013-12-10T13:07:32.799-06:002013-12-10T13:07:32.799-06:00Hello Gene. Great way of looking at the data. Comb...Hello Gene. Great way of looking at the data. Combined graph that shows EITC and Min Wage has been largely missed in the recent conversations. Also, what has been largely missed is that ACA is way to provide further benefits to the poor who will now likely qualify for medical or get highly subsidized healthcare. However, with bigger companies making record profits with increasing executive Anonymousnoreply@blogger.com