Friday Gathering: Cash for Clunkers Edition
I enjoy reading other bloggers and here are a few posts from around the personal finance blogosphere that I enjoyed this week:
Being Frugal wonders if there is ever a moral obligation to pay more. The reason cited in the post is related to employee compensation, i.e. should we choose Company A over Company B simply because their employees are better compensated – even if Company A costs more. I believe that a product or service is worth only what the market will bear. If Company A wants to charge more, they must demonstrate why their product or service is superior.
Pete at Bible Money Matters discusses the government Cash for Clunkers program. I’m not sure what to think of Cash for Clunkers, but I find it a little humorous that the EPA just changed the gas mileage ratings for about 100 cars overnight making them ineligible for the rebate. Awesome. Late Edit: Just as I am finishing up this post, I find out that the program has been suspended.
The Silicon Valley Blogger posted an insightful conversation about the minimum wage. I enjoyed her treatment of it (I believe it was a guest post) and came away with the same two suspicions that I have had for a long time – the minimum wage raises prices and lowers the number of jobs. Once again, the worker is worth what the market will bear. If you do not want to earn a low salary, find a way to be worth more to your employer.
One of the best articles from the past week is found at Wisdom Journal and it is entitled: Put the squeeze on SpongeBob. I often wonder how getting rid of our television would affect my children’s level of consumerism. We limit the amount of name brand stuff that we get, our children stick with the basics for the most part, but they always recognize and ask for the cutting edge, marketed products. Frankly, our kids don’t watch a lot of television anyway, but it always astounds me how much they pick up from the commercials that they do see.
Have a great weekend! Don’t just spend money, spend time with family.
Photo by youngthousands