Over time, the rate has fluctuated widely relative to inflation.

19 Reasons Why Frugality Is The Best Thing That’s Ever Happened To Me

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.

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. Workers demonstrate in support of a higher minimum wage earlier this month.

Commentary: The ‘Frugal Comfort’ Of Minimum Wage

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. 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.

ORIGINAL PRODUCTION

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. 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.


  1. ;
  2. Yes, Comfort Is Bad and Here’s How To Fix It!
  3. Similar authors to follow.

There are a lot of ways a person can step out of their comfort zone and take a risk. Have you ever exchanged or risk something with something else even though it was going just fine? Have you ever solved problems while asleep? I find it interesting to follow along and see how you think through these things Lily.


  1. White Space Van Man.
  2. 19 Reasons Why I Choose Frugality;
  3. ?

Anyone who claims they have life completely figured out is probably selling something. For me, the idea of comfort too on entirely new meaning once I had a kid.

Once we had two kids, life became more of a struggle for survival. I can only dream about the luxury of comfort. Hell, having some semblance of order in my life would be a blessing. I feel like my life is no longer the same with two kids. I know you guys wanna wait for a couple more years to have kids, but having kids will surely lift you out of comfort and boredom hehe.

It was a descriptor of my coworkers but not a point I was trying to make. I try to mix up my discomfort between mental and physical. Why do you think I climb all those hard mountains and ride my bike miles a year really fast? Fitness is an amazing example, I should have mentioned that! My wife and I got out of our warm bed yesterday at 4: But there is no way I know of to avoid pain and achieve strength or speed. Steveark recently posted… Who Dat? Food for Though Edition. I would love to swim in donuts and steak but…: First, thank you for including 40s in your write up of when the body is still working although I am in the tail end of my 40s with only 2.

Now I am really curious about this super secret project of yours. Knowing you it is going to be amaze-balls again any way you can work that into a post gets you bonus points. Comfortable is definitely a hindrance to most people. Everything can atrophy your creativity, body, etc when you just settle in.

Commentary: The ‘Frugal Comfort’ Of Minimum Wage | St. Louis Public Radio

Glad to see you are still pushing yourself and hustling. Can I Break Them? Haha I was hoping someone noticed I mentioned This is a great post! One of the reasons I love traveling so much is that I get exposed to different people and their ways of life every time I go somewhere new. I like that you mentioned fitness on here.

My daily goal now is steps and some discomfort haha. Heh, I dreamt about work when I was an engineer. My dream world solutions were crap.

She Retired into a TINY HOUSE (with a Hot Tub) for her Senior Years

I just dreamt it did. Yeah… this whole thing is young people problem. I was thinking midway.. This is going to make an excellent life diary! Man I hope you are right. I definitely worked much harder because of my shortcomings in English and not having the right letters beside my name! It set me apart from the others and it worked out great for me. I did enjoy the challenge. The thing that comfort gives you is the ability to take risks. The confidence to try a new recipe as you know your spouse will love you regardless. I would also argue that the growth actions you list above are largely possible when someone has the underlying security blanket of being comfortable.

Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Sign me up for the newsletter! This site uses Akismet to reduce spam. Learn how your comment data is processed. Welcome to The Frugal Gene. We embrace the virtues of frugality , car-free living and sharing strategic wealth building through tales of personal experience. Click to share on Pinterest Opens in new window Click to share on Facebook Opens in new window Click to email this to a friend Opens in new window Click to share on Twitter Opens in new window Click to share on Reddit Opens in new window.