Frugal Comforts
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- Commentary: The ‘Frugal Comfort’ Of Minimum Wage.
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I love that whatever is in my head is being read by thousands of new people every month. Am I being the writer, the parent, the partner, the friend, the daughter that I want to be? Eat Ugly, Save Money? But I also find that all of these other benefits come to me specifically through frugality. I agree with everything you say about the beautiful way of living frugally.
Amazon Music Stream millions of songs. Critics contend that such a hike would be an inflationary job-killer that would retard economic growth by unduly burdening employers.
Proponents counter that the increase would stimulate commerce by giving more cash to the people who are most likely to spend it. Most attempts to objectively gauge the effects of modest raises in the minimum have found that they have little impact one way or the other.
Commentary: The ‘Frugal Comfort’ Of Minimum Wage | St. Louis Public Radio
One study looked at the outcomes of 91 wage increases between and that took place in states with an unemployment rate at or above 7 percent. One year after, unemployment had fallen in 47 instances, risen in 40 others and was unchanged in the remaining 4.
Frugal Comforts - Kindle edition by Eamonn Kelly. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note. OVERVIEW. Playwright. Eamonn Kelly. Setting. A bedsit on the day of an Ireland football match. Synopsis. A black farce set in a cheap bedsit in 's Dublin.
Workers demonstrate in support of a higher minimum wage earlier this month. Progressives can thus claim the wage hike improved employment prospects in 52 percent of cases while conservatives can argue that it made things worse 44 percent of the time. The most reasonable interpretation of the data, however, would seem to indicate that factors other than the minimum wage determine rates of employment.
19 Reasons Why Frugality Is The Best Thing That’s Ever Happened To Me
That finding makes sense because, popular economic myths notwithstanding, employers hire workers for one reason only: They need them to generate profit. Tax cuts will not prompt companies to hire unneeded laborers, and wage hikes will not compel layoffs of the personnel necessary to continue operations.
As is the case with any commodity, the price of labor fluctuates over time. When it rises, businesses either absorb the additional costs or pass on all or part of them to consumers.
19 Reasons Why I Choose Frugality
The business model of the fast-food industry is predicated upon relatively cheap labor. Eliminating their jobs hardly figures to improve the situation. Like welfare and unemployment compensation, the minimum wage is part of a safety net that benefits all income levels by promoting economic stability.
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Viewed in that light, it is defensible both as a humanitarian measure and for its social utility. But the comfort it provides is frugal by design. View the discussion thread.