{"id":1410,"date":"2014-12-20T06:58:25","date_gmt":"2014-12-20T06:58:25","guid":{"rendered":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/2014\/12\/20\/i-have-often-wondered-if-mr\/"},"modified":"2014-12-20T06:58:25","modified_gmt":"2014-12-20T06:58:25","slug":"i-have-often-wondered-if-mr","status":"publish","type":"post","link":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/2014\/12\/20\/i-have-often-wondered-if-mr\/","title":{"rendered":""},"content":{"rendered":"

I have often wondered if Mr. Conservative\/Libertarian turns down raises his company offers to *him.* Because I\u2019ve only ever heard this argument applied to low-wage workers. Apparently, when you increase executive salaries and bonuses, that money comes out of a magical portal somewhere, so prices are unaffected. And no one ever tries to tell middle-class knowledge workers that getting a raise would only leave them worse off in the long run. It\u2019s only ever the working poor. I guess they get paid with a different, more sinister kind of money.<\/p><\/blockquote>\n

\n

Rebecca Wald, quoted in Mia Nutick – For those who are in discussions with people who believe that raising the minimum wage is bad for the people who get minimum wage, or bad for prices in general, I give you this quote which breaks it down *perfectly*:<\/a> (via mslorelei<\/a>)<\/p>\n

Compensation from profits:
CEO and execs – of course, they deserve raises and bonuses.
Workers – NO WAY, that will drive up the price of the product\/service.<\/p>\n

Same money, two stories.<\/p>\n

(via liberalsarecool<\/a>)<\/p>\n

So I just did this math. One (1) $5000 raise, or bonus, for a guy at the top (going from $50k to $55k a year, say), is the approximate equivalent of a $0.25 hourly raise for 9 or 10 folks at the bottom. Assuming those 9\/10 work 40 hour weeks, which often they don’t.<\/p>\n

I’m sure you can do the multiplication from there.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

I have often wondered if Mr. Conservative\/Libertarian turns down raises his company offers to *him.* Because I\u2019ve only ever heard this argument applied to low-wage workers. Apparently, when you increase executive salaries and bonuses, that money comes out of a magical portal somewhere, so prices are unaffected. And no one ever tries to tell middle-class … Continue reading <\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[51],"_links":{"self":[{"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/posts\/1410"}],"collection":[{"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/comments?post=1410"}],"version-history":[{"count":0,"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/posts\/1410\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/media?parent=1410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/categories?post=1410"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.firechildren.net\/lightfire\/iamthefirechild\/wp-json\/wp\/v2\/tags?post=1410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}