Raising the minimum wage to $10.10 per hour will benefit the US economy

*Links are annotated, where you see an abbreviated number The simplistic argument would be to point out that raise in costs of employment will result in rise of prices in goods and services, To which you will argue that Businesses would incur very little little cost in the big scheme, dominoes would have to raise the price of a pizza like 30 cents ( etc etc) completely discounting laws of what the companies COULD charge, and will. But I won't go down that route for both of our sakes. The first point you used in your argument is the chief reason why raising the minimum wage wont benefit the average people. I told you in the opening that you are looking at the issue in the vacuum and I meant that you are discounting the manipulation involved in the currencies. So let me show you. In 2009, the Federal reserve made changes to the way they measures the Consumer Price Index ( also referred to as Core Inflation) by removing Food and fuel from the calculation. With fuel at over 3/$ a gallon on average ( and heading for 4$ by the way) And any half witt that buys groceries knows these are the two biggest expenses in every house hold's bills and they have inflated to all hell, but the Reserve gets a very low inflation rate to report officially. (1) "So The federal reserve is willing to crook the books to make their numbers look good, So what?" is likely what's going through your mind or there abuts. The Truth is the Federal Reserve is a banking Cartel not a Federal agency. This has become common knowledge but I will show you why its relevant to this debate. First examine why the Federal Reserve Wants Inflation. (2) So we see here that the Federal Government has an interest inflating the currency because the U.S. Has "debt obligations" beyond what is just recognized as the National debt of around 17.5 trillion. The largest part of which is not any federal spending but the U.S. collateral market for which the Government is theoretically on the hook for. If by now you haven't realized I am making your argument in reverse, I am. Inflation has already happened, so why than is a 10.10 minimum wage won't benefit the average worker. Well it should in the short term as in the next 1-2 years. So in that respect Kudos, you win. But in the 5-10 year scope, a 10.10 Minimum wage is just pointless. The federal Government needs to catch wages up with inflation but it has nothing to do with improving the quality of your life. Its a Strategic move aimed at alleviating pressure in the markets so the the next wave of Inflation pressures won't cause the velocity of money to break down.This is like the Neo of our economic system. Just another type of control mechanism. (3) And remember what we learned earlier, since 2009 the Federal Reserve no longer measures fuel prices or food as part of their inflation calculations.. that really just leaves financial services as the primary measurement of their inflation measurements.Gee... I wonder who is benefiting from this. So President Obummer gets behind 10.10 wage lift, with the approval of his patrons in the Financial sector. (4) The result of which will stabilize the already existing inflation, but with a dark secret. The Federal reserve has been inflating the currency like mad since 2009. (5) to which Janet yellen is by the way also a subscriber to the Bernanke doctrine. So again, if you're all for defending the status qou and protecting the interest of Big financials as part of "helping the U.S. economy" than sure... 10.10 will help the paper economy (6). we can definitely see more paper gains.So, do you still believe that 10.10 minimum wage is really being done to YOUR benefit? Besides this, there the issue of worker output, a key part of pay scales in a real economy. That just gets us into a whole other mess that ties into Automation and so forth. Reality is that our economy si contrived and manpulated beyiond where simple common sense can account for its mechanisms. If you want a progressive minimum standard of living, there are better ways to accomplish it. Raising the Minimum wage arbitrarily wont accomplish it. In the next rounf I will post a counter proposal to just rasing the wage. (1) http://www.bankrate.com... (2) http://www.investopedia.com... (3) http://wallstcheatsheet.com... (4) http://blogs.wsj.com...(5) http://www.thedailybeast.com... (6) http://www.cbsnews.com...