To hear some people talk, you would think half the country is only making minimum wage. When in fact according to the Bureau of Labor Statistics, among those paid by the hour, 1.6 million Americans are making minimum wage with a third of them being in the 17-19 age group. This is from a work force of 144 million. So this democrat initiative that is getting so much press in an attempt to once again make them seem like the compassionate party, really only effects 1.1% of the work force. I would think that energy would be better placed in developing job training programs for those that need a helping hand up. The Earned Income Tax Credit provides more relief to the working poor than an increased wage would.
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Economists generally agree that raising the minimum wage has three effects: decreasing the number of minimum wage jobs available, decreasing the aggregate income of minimum wage earners, and creating widespread un- and underemployment of youth.
In reality about 3% or less of the workforce are relying on full-time minimum wage jobs to survive.
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Minimum wage was supposed to be like the welfare system. It was never meant to be a way of life, it was meant as a starter program. No one wants to think about all the other jobs out there where skilled people are making $12 an hour. They only want to think of the starter jobs and raising their wages. So you increase minimum wage to $10.10 that means all these other people who are making slightly over should also get raises to compensate, right? of course not, so now you have basic entry level jobs that are essentially making the same amount of money as skilled/schooled jobs. raising minimum wage isn’t the answer. Better education, and keeping jobs in America are. Plus you have to figure in, that a lot kids these days are having kids and do not know how to manage their money so giving them more/hour won’t do anything. people who live paycheck-to-paycheck will continue to live that way no matter how much you give them.
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Please tell us how many CORPORATIONS pay minimum wage!
As for Dumbama raising the minimum wage for federal employees, what a farce. Tell us who the minimum wage earners are in the government. That drivel from Dumbama is just an opportunity for him to make people think he actually did something for them.
DeanWormer - 10:27 AM "Corporate profits soar while hourly wages stagnate and don't even keep up with inflation. Republicans then wonder why labor force participation is falling and blame it on "lazy people just taking disability" etc. How about companies paying a decent wage for a change? Why should someone take some "bum paycheck" so the owner can stuff more money in his bank account?"
The original intent of the minimum wage was to give young people an opportunity to make some money, learn good working habits and gain the experience of working in the real world. In the past, it was teenagers that held these jobs.
Thanks to dumbocrat destruction of the job market, people who were never intended to be on minimum wage jobs, are now taking them and then complaining about the pay.
As for jobs at McDonalds, Burger King, etc, these are individually owned small businesses. Raising the minimum wage to $10.10 would result in less employees and higher pric
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Corporate profits soar while hourly wages stagnate and don't even keep up with inflation. Republicans then wonder why labor force participation is falling and blame it on "lazy people just taking disability" etc. How about companies paying a decent wage for a change? Why should someone take some "bum paycheck" so the owner can stuff more money in his bank account?
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Democratic plan. Raise the minimum wage, give them free health insurance, give them free money and food for the rest of their lives so there is no need to plan a retirement, let them not have to work so they have no desire to better themselves. Sounds good to me as long as it doesn't cost me anything. Yep, that is their plan.
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Republican plan. Lower the minimum wage, make them buy their own health insurance, let them invest their extra money in a retirement plan, if they want to better themselves let them pay for that also. Sounds good to me as long as it doesn't cost me anything. Yep, that is their plan.
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What do you call a worker whose labor is worth less than minimum wage?
- Milton Freidman
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All of you don’t understand the big picture here. Everyone is so worried about upper management making millions while the worker gets minimum wage. Do any of you really think these business people are going to cut their pay so that they can afford $10.10/hour minimum wage. Nope they won’t. they will cut jobs or they will raise prices to compensate. The only way to solve our problems is setup a national tax so that everyone, rich middle and poor, all pay the same tax. Then instead of constantly going after the working class you give them a tax break on their pay so they have more to invest in the system. Raising minimum wage won’t help anyone. you can pay people all you want, if they don’t know how to manage their money in the first place, giving them more won’t do anything. one more thing to ponder. Average pack of name brand cigs costs approx. $6.00/pack. 2 pack a day smoker already burnt up more than 1 hours worth of wages.
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"Do we really think this young teen is going to uses his extra earnings to buy nuts and bolts at Joe’s? No he is going to go down to the Mall and pick up the new I Phone."
You don't know that. At some point in time this kid, who you are stereotyping, will need nuts and bolts, batteries, tools or whatever you could buy at "Joe's". Others who have just gotten a raise will do the same. It may not be the day they get the raise but they'll do it. Now Joe has to hire more people to take care of the increased business. Due to the increased business, Joe is able to expand which helps out the local contractor. Local restaurants start to do better because more people are eating out and they have to hire more people. There's that rising tide.
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If a young worker who is making minimum wage at “Joes Hardware” gets an $2.85/hr increase granted he will be more willing to spend this extra income. However this money is coming from Joe’s pocket. Do we really think this young teen is going to uses his extra earnings to buy nuts and bolts at Joe’s? No he is going to go down to the Mall and pick up the new I Phone. Then Joe has to cut his work force because he now has to pay more wages and bussiness has not picked up. This is how it happens and there goes your small businesses.
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People are paid next to nothing so the top management level can make millions.
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I worked minimum wage jobs for 10 years after I reached 16 years old. I did not have any savings. I spent it all. I lived pay check to pay check. That's how it is on minimum wage. If I got a raise, I spent that maybe on more food or got the electric bill paid early.
Our economy is consumer driven. 70% of our economy is based on us spending. A rising tide lifts all ships. Give people a raise at the lower end of income scale and they will spend.
If a company has a product the people want, they will make a decision whether to buy that product if the price goes up. If it's worth it they will buy and the company will "survive". Premier, I'm not buying your argument.
In the end, I don't think it's going to happen with this Congress.
What I would like to see is a raise to $9 and then index it and give COLA's after it and let this debate end.
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This is not just about raising the minimum wage it's about raising all wages which I believe will displace workers instead of help them.
This is an increase of $2.85 per hour, what do you do with the people who has worked for you for 3 years and is making $10.10 now? I would say everyone would have to get an increase or you would have one hostile workforce. A small company with 20 employees would have to shell out an extra 9K per month.
I don't see how they could survive unless they severely cut benefits.
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Proponents of a higher minimum wage like to assert that minimum wage earners are getting older, since more people will support a wage hike for an adult with a family than for a teenager flipping burgers.
However, this false narrative conceals the fact that young workers have been disproportionately affected by the recession, and advocates use this inaccuracy to champion a policy which would take an even greater toll on young workers. Economists have warned for decades that increasing the minimum wage discourages employment, with a particularly harsh effect on the youngest and least-skilled workers.
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This shows the insanity of the right. Hikes in the minwage have never led to fewer job opportunities. They repeat this lie over and over again and refuse to acknowledge that history proves it as a lie. Hiking the minwage has always always always led to economic stimulus as those workers immediately put that money back into the economy.
And the second lol
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Hey im the first to post a comment!
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