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5752
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12/7/2009
Location
Long Beach, CA
US
Edited Date/Time
2/20/2014 9:45am
Here
The spin will be interesting on this one.
When you remove the lowest rung on the ladder, fewer people will be able to get on. It's that simple. Also when you force the minimum wage higher, people will stay at that wage longer. Right now, a very small percentage of people on minimum wage stay at that rate. I don't have the numbers but they're available.
The bottom line is that forcing MW's higher results in higher unemployment for young people and other low skilled people. Those that have a MW job will see a higher income for a time but will stay there longer. Some of you maybe OK with that tradeoff. It's a no win situation for those that are against the Federal minimum wage. The winners see the results right away, more money. The losers, with the exception of those let go because of the increase, don't really know why they cant find a job. They don't know who to blame.
The spin will be interesting on this one.
When you remove the lowest rung on the ladder, fewer people will be able to get on. It's that simple. Also when you force the minimum wage higher, people will stay at that wage longer. Right now, a very small percentage of people on minimum wage stay at that rate. I don't have the numbers but they're available.
The bottom line is that forcing MW's higher results in higher unemployment for young people and other low skilled people. Those that have a MW job will see a higher income for a time but will stay there longer. Some of you maybe OK with that tradeoff. It's a no win situation for those that are against the Federal minimum wage. The winners see the results right away, more money. The losers, with the exception of those let go because of the increase, don't really know why they cant find a job. They don't know who to blame.
The Shop
Being able to control your emotions when attacked is a sign of intelligence....you might want to work on that...I can just see you sitting there seething banging the keys..
Unfortunately I don't think simply raising the minimum wage will bring anyone out of poverty...We really need to focus on education and teaching people how to "raise assets to a higher level". Teach skills which generate revenue...increase value.. Increase efficiency...
If you as an employee are stuck at minimum wage you need to take a long look in the mirror....more than likely the problem lies with you, not your boss, not your company, and not the government...
You made his point all inclusive.
He did say many,not all.
As far as the topic we need to ask ourselves what is a livable wage?
Should every job pay a livable wage?
I asked this in a previous thread and Nerd was the only one willing to take a stab at it.
His reply something to the effect of "What ever it takes to get people off of welfare"
This link shows equivalent welfare hourly wage.
So in California this equals $11.59 for an individual.
How many would leave the welfare system (assuming there are jobs available) if we increased the MW to $15?
I agree with your point on a livable wage providing a way off of welfare, but that doesn't solve the problem of employers raising costs to account for the increases in wages paid. I'm not a business owner, but I find it frustrating that employers will do whatever to hold their advantage in the wage gap. I know that sounds like "socialist wealth re-distribution" to some of you, but if the richest capitalists actually support the economy then they'd support more disposable income in circulation, yes?
Again, I'm really not for increasing minimum wage under present circumstances, but I don't think an increased min. wage with decreased welfare (as you mentioned and as Nerd proposed in another thread) would have the disastrous effects on inflation and self-determinated workers the way some seem to be prospecting. Make working the only way to get by, increase the wages to get more money circulating, and decrease welfare. Simple, yes, but bad idea? I don't think so.
Excuse the emotion in my first comment, I'm only interested in civil debate amongst good, American beer-drinking men
For the record I do not think a significant number of folks would leave welfare for a $3 an hour raise.
Keep in mind the link shows hourly equivalent for an individual.
I imagine a family of three on welfare would be hard pressed to replace total welfare benefits at $15.
minimum wage manipulation (up or down) wont fix our economy.
While some may disagree, I think we may have reached a point were we need trade policy's that bring manufacturing jobs back to our country.
The deadly danger to any country is when more money flows abroad than is earned through productivity.
The non tax paying super rich have at their disposal essentially FREE money supplied by the FED. They use this money to buy assets and create speculation bubbles throughout the economy. They also send their money abroad and hide it in foreign tax havens. You (all of us in the western world) have to return to real capitalism where we employ the labour and talents of our people to create real wealth. Raising the minimum wage is long overdue and will do no harm.
Pit Row
I don't pay any of my employees minimum wage either...because they are all worth more than that. But if I had a job that even a monkey can do, and I hire a monkey to do it, they are only getting paid peanuts.
And its not just the lowest paid that get a raise...if you raise the pay for the lowest earners...then all the sudden they are making the same as assistant managers...so you can't pay the workers the same as the managers and now you've got to give the assistant managers a raise...now assistant managers are making the same as the managers...and that can't happen, so you've got to give the managers a raise...now the managers are making the same as the VP's...and that can't happen...give the VP's a raise too...now the VP's make the same as the President/CEO...and that can't work, so you have to give him a raise as well...but wait...all those raises eliminated the companies profit margins (or reduced them significantly)...now what? Oh, better raise prices! Now, the lowest paid workers are making a few bucks more per hour, but have to spend more money on all the things they buy, so it's a wash.
Companies won't take a hit to their profit margins...they will pass the cost on to their customers (just like they do with tax hikes).
In high school I was working for my uncle at his oil and lube shop...the minimum wage went from 4.25/hour to like 4.75/hour (or something like that)...and that morning when I came into work, my uncle was on a latter raising all of his prices to cover his increased employee wages. (And the other three oil and lube shops in town did the EXACT same thing).
Not every business owner is a multi millionaire with money and power...in fact MOST of them aren't. Most of them are small business owners (like my uncle) who have no choice but to pass the increased overhead to their customers.
If all you limp wristed, bleeding heart liberals want to save the world...put your money where your mouth is...but don't try do it with my money (or anyone else's) by forcing your beliefs down our throats with big government (don't you complain about the religious doing the same?).
There shouldn't be a minimum wage anyway...it's ridiculous.
Post a reply to: mMinimum wage bill will cost jobs, CBO says