If we raise the federal minimum wage and demand the 1% pay their fair share to reduce income inequality, we will boost our economy, help small business grow and create jobs.
If the alleged benefits were voted down, there would be an immediate wage-demand adjustment on the part of most unemployed on the way to them finding work at wages that reflect actual demand for labor in the marketplace.
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Since the Thatcher government's tussle with the unions, workers have much less power to demand wage increases, which means that inflation is less likely to get out of control.
The government supercharged growth, stimulating demand with wage increases, price controls, an undervalued peso and public works.
Elementary economics would suggest that if you raise the cost of employing the lowest-skilled workers by increasing the minimum wage, employers will demand fewer of them.
William Dunkelberg, chief economist for the National Federation of Independent Business, said the increase would hit businesses hard and only hurt low-wage workers by reducing demand for their services.
What happens on the demand side of the market is not surprising: if the minimum wage exceeds the prevailing market wage (determined by supply and demand), some workers will lose their jobs or have their hours cut.
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Unskilled labor is complementary to high wage skilled labor and the demand for it would rise as the wages to skilled labor rise.
Inflation rose in 2007-08, driven by strong consumer demand and high wage growth, rising energy costs, a nation-wide drought, and a relaxation of fiscal discipline.
Other innovations, such as a credit for hiring household help, are designed to spur demand for low-wage workers.
The darling of the Social Democratic left, Mr Lafontaine claims that wage rises are needed to boost demand and create jobs.
The supply of skilled workers has failed to keep pace with demand, so the college wage premium (see chart) has increased.
Demand Three: Guaranteed living wage income regardless of employment and a twenty dollar hourly minimum wage for those who choose to work.
Second is the simple principle of supply and demand: When supply of faculty members is greater than demand for them, downward wage pressure exists, irrespective of the time required to obtain the necessary qualifications.
High unemployment results from a wage structure that is too high relative to demand.
Last week, 2.0 million people took to the streets across France to protest against the handling of the economy and job cuts, and to demand a raise to the minimum wage -- a call which the government has rejected.
In other words, the supply of workers will shift to meet the demand, although probably at slightly lower wage rates.
Analysts said the majority's view suggested they would not hike unless demand-side pressures, such as wage increases, became a problem or in the case that mid-term inflation expectations deteriorate.
Wage moderation has therefore not led to a shortfall in demand, as originally feared by some.
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Separate data out on Friday showed that spending by Japanese wage earner households - a key barometer of wider consumer demand - rose by a stronger than expected 9.3% in April compared with the previous month.
There is more evidence of slack in the labour market, where weak demand for new workers is helping to hold down wage growth.
Pay for low-wage workers can rise in the short term after a disaster because of high demand, according to economists.
British workers will be in demand and wages will rise unless employers can import labour from low-wage countries.
Not only does an entrepreneurial path place immigrants in a non-competitive position relative to the existing wage-seeking labor pool, but their ventures that are employer businesses actually create jobs, increasing demand for labor and thereby pushing up wages.
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