So What about the Minimum Wage?

Real Estate Agent with Bill Cherry, Realtor 0124242

There seems to always be talk and discussion about whether or not

the Minimum Wage needs to be raised.  Some places, primarily on the

East and West Coasts have raised theirs. And rather than make things

better, it has hurt their economy.


Housing has become tight for lower income residents, and a significant

portion have been moving away from the city, making employers having to

pay substantial bonuses to those willing to stay.


John Maynard Keynes, one of the most notable economists of all times,

and who died in 1946, addressed the truth about inflation and brought

it forward to talk about minimum wages.


I did a short video explaining it.  Click here






214 503-8563

Comments (5)

William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Most places in my area pay above already.

The issue is that many people are looking for career pay for a starter job.

Jul 16, 2018 06:17 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening BILL CHERRY,

We see above minium wages being paid in Austin. "Help Wanted" signs are everywhere but many don't want the lower paying jobs even though that is all they are qualified for. Sometimes you have to take what is available and work your way up.

Jul 16, 2018 06:44 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

There needs to be a Living Wage, rather than a minimum wage.

Jul 16, 2018 10:54 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Thank you so much for sharing this.  This is exactly the type of information that buyers and sellers need to make informed decisions.  Very professional!

Jul 17, 2018 05:36 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Here is the sad reality about raising minimum wage.  The instant the lowest rung of workers achieve it, the next rung on the feeding chain, begin asking for higher wages too.  The reason is the kid working at McDonalds, who is slinging those hamburgers has his minimum wage increase passed on to the customer who buys them.  That customer then demands a higher wage because his cost of living just went up.  And, on it goes upward among the next rungs of workers.  Once you get into other industries, those wage increases can put American workers at a disadvantage against global workers who will work for less.  I wish we had a perfect answer to all this, but I don't, other than education.  Most minimum wage jobs were never really meant to be living wage jobs.  They were positions held by those going to college, or were on their way to better opportunities.  To me, achieving higher education is key.

Jul 31, 2018 12:56 AM