Farm Accountants

Deflation is horrible for an economy. That is what causes countries to collapse. A small amount of inflation is good for the economy and helps the country to thrive. This is why the US has maintained a slow rate of inflation since… the beginning of the US pretty much except for during the really terrible times like the Great Depression. During the Great Depression there was a huge amount of deflation, with product being worth very little since no one had money to purchase it.

Raising the minimum wage puts money into the hands of those who will spend it. A person who makes minimum wage does not give the money to the banks to invest, but rather uses the money to purchase physical goods, such as food, cars, electronics and clothing. The companies that make physical products therefore require more labor to create such products, and hire more people.

Inflation does result from raising the minimum wage. People currently sitting on money, be it under their bed, in savings, or invested end up with less money. This leads to a redistrubution of wealth, with the rich (especially those just sitting on the money) having less value per dollar, and the poorest people (those currently below the new minimum wage limit) making more dollars.

It seems to me the best idea would be to have a steady but slow increase in the minimum wage overtime, to encourage people to use money, since it will devalue over time. It also increases the amount of money people at the bottom income levels have.

I do not understand how people can be against raising the minimum wage. I have even heard people say that those who make minimum wage are not valuable workers. I want to punch those people that say such a thing. At least give them a good shaking. Let’s see who makes minimum wage or close to it… cashiers, fast food restaurant employees, janitors, low level accountants, factory workers (where most of the products actually do come from!), house cleaners, lawn workers, stockers for stores, bus boys, waitresses, and farm hands. So, those of you who don’t value what minimum wage workers do, you don’t need any of these things right? You don’t need anything at all apparently, and made the monitor for the computer you are using right now from sand and sticks in your own yard? Because I guarantee some of the people that made the components for your computer you are using right now, made minimum wage.

I would like to salute the minimum wage workers this 4rth of July. They work very hard, and they make the products and perform the services that we Americans so often take for granted. The raise you will be getting is long past due, and it is about time they put money back into the hands of our under-appreciated hard working Americans. Lets go ahead pay all of our workers enough to make it worth going to work and working hard every morning. Lets make it so that once again working 40 hours a week is enough to support a small family in modest comfort. Let’s make sure that everyone who works 35+ hours a week has healthcare, not just those people able to get the handful of jobs from employers that decide they have no choice but to give you enough hours to qualify for it.

Yes, my parents worked (for the food, clothes and all necessities for 4 kids starting at age 17!) hard at a minimum wage and now,…well, we have all we want! so yeah, thanks to all the ward work you guys do!