Minimum wage rates are on the rise across the USA. Sea Tac city in Washington State have voted to raise the minimum wage for some workers to $15 per hour. The state of California has vote to raise their rate to $10 per hour.
Things might get rough in Sea Tac. People wanting to open new businesses might pick a different city with a lower minimum wage. Less overhead is always a contributing factor to the location of a business.
In my province of Ontario the minimum wage is $10.25 per hour but there is an active movement to raise that to $14.
I make more than $20 per hour and I struggled to support my family and I was going in to debt when I was making $17 per hour and only working 32 hours per week. I would not be a home owner on minimum wage and I am not sure I could afford a car. While I feel for those who make minimum wage I wonder if drastic raises won’t lead to drastic rises in the price of everything and a much higher unemployment rate.
Is it better for the economy to have less higher paid workers or more people working for a lower wage?
Flower Pot Heater Danger
I posted about a flower pot heater a few weeks back. Be warned. While it will heat your room it may also damage your floor. They say that heat rises but heat also goes down through the loaf pan, through the corrugated cardboard, through the 2 flattened cereal boxes and in to the floor.
Luckily I decided to move it closer to where I was sitting and discovered that the laminate flooring was very warm. No damage but there could have been. I thought I had a piece of wood that the whole mess could sit on but it was not flat enough.
You can read how to make a flower pot room heater here http://solvingthemoneypuzzle.com/2013/11/14/saving-on-heat-this-winter-car-financing-and-money-quickies-for-november-142013/
I am Canadian so our biggest shopping frenzy is Boxing Day and not Black Friday. Some Canadian retailers offered a version of Black Friday but no one was trampled, tasered or stabbed over a parking spot so it is just not the same.
While many retailers offer exciting bargains to lure the unruly hoards the best bargains are yours to be had when the store is empty and not when the retailers are rubbing their hands together at the prospect of all the cash you are going to drop during the consumer stampede.
Don’t be a lemming and follow the herd. The best deals are at off peak times and seasons. If you are one of those trendy people who have to have the latest fashion, gadget, or toy then you will be paying more even though you think you are getting a deal.
My Christmas shopping is almost done. Shop all year round and watch for deals and sales at odd times. Start the third week in January when the Christmas decorations are not just marked down but the retailers are desperate to rid themselves of old merchandise. Move on to shovels, snow brushes and mitts in late February and follow the pattern throughout the year.
Attack Of The Clones
I thought I had seen all of the Star Wars movies but I must have missed Episode 2. I am trying to watch it while I write this but the acting is just so awful that it is distracting. I feel like a rubber-necker at a car accident. Ewan McGregor you are better than this.
The movie should have come with one of those warning statements at the beginning. You know the ones that say warning may contain graphic violence or sexual content? This one should say WARNING THIS MAY BE THE WORST MOVIE EVER MADE AND YOU WILL NEVER GET THIS TIME BACK.
As bad as it was it still managed to gross $650,000,000.
Exchange Rate Today
As thousands and thousands of Canadians blow their cash shopping in the USA this weekend they can take comfort in the exchange rate. While not at par it would take $1.06 Canadian to buy $1.00 American. It has been much worse. It has been below $0.80.
The Canadian dollar has been higher, lower and on par with the American dollar over the last few years. I am amazed at the number of Canadians who visit the USA to shop several times each year but never think to stock up on American dollars when the rates are favourable.
If you are interested in American bargains then you might as well take advantage when their money goes on sale.