npwinder
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Raising saleries to meet the needs of gas will not do exactly what you'd like.
Looking at this like an economist using supply and demand.
As someones salary rises so does their buying power. So now more and more people can afford gas. More people will also be able to afford fast food, more vacations, more movies more toy's more clothes ect.
so not only will we end up having gas prices the way they are but now we have everything rising becuase more people can buy them. Also going with economic theory however, since prices rise more supply will be put in and prices will eventually fall.
Also the demand of gas will now up even more which means the price has to go up to meet demand.
Now, the price of a barrel of oil has actually gone down around 10 dollars since june and july. But gas prices are now considerably higher. and were not even to the peak driving season. The only thing this can really mean is that supply is really low and that OPEC is probably limiting supply a lot.
So should we raise wages as gas prices go up? We could but however, I do think it'll put us back at square one eventually.
(I will admit my view has changed, I used to think rise wages let everything else rise and meet up with gas prices. I see now that the people running the supply of oil really don't care and prices will rise no matter what.)
EDIT
I do want to say the only way that gas prices will go down is if theres an extended period of limited driving. For those in the city this is easier then it is for us out here in rural southwest nebraska with no public transportation.
This don't buy gas for one day thing will not work. People will buy their gas the day before or day after. The only thing that will change the gas prices is a change in driving habits. Get a bike and ride or. or walk or jog. But we have to lower our gas consumption. Gas stocked up in warehouses will then pile up and supply is higher then demand. Prices have to lower in order to make room for more stock. |
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smokey_crim
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Well.....let me answer your questions with another......Should Salaries and hourly pay rates fall when gas prices fall....... |
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dimensionsdev
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The rise of gas prices only hurts the consumer price index. By the way in Canada, they did a study on gas prices and they found that the Gas Companies are gouging the consumer 27 cents per litre. The Gas Companies knew that people would not pay more then a $1.00 for gas, but after Katrina public sympathy allowed for an increase and now they just got carried away. Canadians have asked for a public inquirery, which we will get, because no one is regulating the market on gas, certainly not in the US. The current President's family has interest in oil, so goes the war. |
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Harmony
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Generally pay should rise with increases in the cost of living. Gas prices are part of that but not the only part. Being able to buy food, pay rent, medical expenses, etc. are also a part of the cost of living. |
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mari
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If they raise the pay they will have no reason to lower the price of gas they will just continuously keep raising the prices. Something has to stay low in order to keep others things at a somewhat average rate. |
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cactusjack578617
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They do if you are an oil tycoon. |
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Quixotic
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Why exactly do you think your employer should take a financial hit because gas prices went up? Unless you work for an oil company, it's not their fault.
Their business expenses go up with gas prices as well. So you are asking them to take a double hit. |
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Professor Armitage
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When I am the manager I want to pay our employees for the drive over and the drive home and that will count toward the 8 hours they have to work that day. Everybody would quit their respective companies and come work for me. Money may be tight because of that unique approach and the Christmas bonus may not be what it is at their former companies, but it is a balancing act to add to the appeal of working for my company. |
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~miss mississippi~
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Best idea I've heard in a while! |
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iub23
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yes but they wont. only prices will rise not wages |
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don w
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no but the cost of transportation should be rebated to the low income persons |
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thur03joanne
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Ur crazy you know that??? |
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moosies
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That would be wonderful. |
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sandstone901
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Companies should reimburse employees for the gas they use to get to work--it's only fair. |
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nutty59
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I could only dream |
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shain r
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that would be nice but it will never happen. we would have better luck getting the gov. to take over and drop prices. |
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audiA4isawesome
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Although it may sound reasonable, remember, gas prices will only go as high as we want them to. At some point we can choose to take advantage of public transit and other options that are out there. In have much family in Europe and they pay nearly 2 Euros per liter out there. They also make just as much as we do out here with many other living expenses being higher (especially housing and food). Simply put, although prices are high for us, we don't have anything to complain about. Everyone fretted about oil in the 1970's, but by the mid 80's it became so cheap the oil companies were practically giving it away. I'm optimistic that it will level out and possibly settle in the $50 per bbl range. No matter what the media and oil companies try to tell you, there is plenty of oil to go around in the world.
A better option for lower income families would be government grants of some sort. I personally would hate to earn $10 per hour on Friday when the prices are $3.50 per gallon and then have my wage drop to $9 when gas is at $3 per gallon and then climb to $12 when its $4 per gallon.
Our tax and income system is complicated enough as it is. |
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