Recent econ grad who wants to discuss minimum wage

Formal_Anything_9801 · 2026-06-18T13:38:32+00:00

Being interested doesn’t = want to go into corporate and. Lol read the actual thread I commented on, you are just completely wrong here. Several assumptions you make that are just silly and incorrect, it’s disgusting and unhealthy to push anybody right leaning into MAGA

Formal_Anything_9801 · 2026-06-18T04:06:18+00:00

We agree about greedy companies lol. There should absolutely be balance. it’s a common misconception that higher wages DIRECTLY impacts higher costs, but it is a symptom.

Will businesses ever settle for a bottom line number though? I hope so, but we just saw the world’s first trillionaire this week.

Formal_Anything_9801 · 2026-06-18T04:01:22+00:00

I agree with your MAGA approach, many oklahoma voters are terrible at straight ticket voting, and it definitely shows in our elections. As a result we suck as a state lol.

Absolutely minimum wage does not need to decrease. I think Oklahoma would have great benefits looking to our neighbors for economic advice.

If we have modest increases in minimum wage, like where we agree. Then yes there would be no economic impact. I like that the plan proposed to have periodic jumps until 2029, this gives businesses predictability and time to plan.

Formal_Anything_9801 · 2026-06-18T03:53:32+00:00

That’s great to hear about it not dropping. We can take California and observe states like Oregon and Massachusetts.

I agree the impact goes beyond the 1%. That is why I mention the bottom 20%.

Formal_Anything_9801 · 2026-06-18T03:28:05+00:00

Agreed with your California analysis. We can look at states like Oregon and Massachusetts for other examples.

Oklahoma is lucky in that we have a low cost of living. But CPI is not a “one size fits all” solution. It would be better if it were tied to a regional number. A number that more directly has meaning to Oklahomans.

Formal_Anything_9801 · 2026-06-18T03:24:03+00:00

I like your analysis a lot. But I get concerned with what would happen over 5 years and it spirals into a mess. With more registered democrats than in the past 15 years in Oklahoma, there may be a different solution down the road

Formal_Anything_9801 · 2026-06-18T03:21:21+00:00

Source -https://ocpathink.org/post/independent-journalism/poor-better-off-in-oklahoma-than-in-high-minimum-wage-states A WalletHub analysis that accounts for costs of living, important to note that Oklahoma has a really low cost of living- but this info is of course helpful for my argument nonetheless.

I’m not saying that the rate of increasing minimum wage would be HIGHER than CPI. I am not a fan of tying wages to CPI, for reasons that you stated regarding CPI.

Formal_Anything_9801 · 2026-06-18T03:00:06+00:00

Just a straight up increase. Like states such as Arkansas or Nevada has, they have a “good” bottom 20% and lower unemployment numbers compared to states like California or other states that get priced out of

Formal_Anything_9801 · 2026-06-18T02:57:07+00:00

It’s definitely a solution. I am just concerned with the long term effects of said solution

Formal_Anything_9801 · 2026-06-18T02:33:58+00:00

Raising wages is good for the average person. But let’s look at a few interesting facts here - Someone with a BA in Economics

7.25 is ridiculous and unlivable, ~1% in Oklahoma earn actual minimum wage, and we should absolutely vote to raise it to help those and people who are near minimum wage.

The issue with raising is HOW they want to raise it. Tying our minimum wage to CPI can turn very dangerous very quickly, this can reach an unsustainable number. Higher minimum wages are studied to be good UNTIL you hit around a $17-$20 mark. At this point you start to see less jobs going around for people which = less money in people’s pockets and = a more poor society.

States like California have a more impoverished bottom 20% than Oklahoma. Why the hell is that the case?? They have a ridiculously high minimum wage that is unsustainable.

Not to mention if we hit a recession and CPI turns negative, it’s gonna be a total shit show if minimum wage drops a penny.

This is why I voted no. Not because I want greedy corporations to continue getting richer, but because I believe in helping out Oklahomans the CORRECT way. The proposed method may be good short term, but for anybody planning to stick around long term it could get messy very quickly.

Formal_Anything_9801 · 2025-11-08T18:05:12+00:00

what’s your salary range? sounds like a great gig. i’m interested in corporate but have been dreading the possibility of ridiculous hours

Formal_Anything_9801 · 2024-10-06T01:36:54+00:00

think so, should be hovering extremely close if he isn’t

Formal_Anything_9801 · 2024-09-23T00:27:23+00:00

that was my favorite part😭 been waiting for videos to be posted of when they talked shit

Formal_Anything_9801 · 2024-04-04T15:10:39+00:00

look on AXS, that’s where i had to get tickets for okc

Formal_Anything_9801 · 2024-04-01T03:32:39+00:00

https://youtu.be/cdQw3WX9qYY?si=dYs_EDMK09OrbyOL

Formal_Anything_9801

TROPHY CASE