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What do you think happens when you raise the minimum wage? Companies raise prices on goods because of the increased price they have to pay for labor. They are not going to pay directly out of their own pockets but rather charge the consumer for the raise. Sure it may sound good to get paid more but in reality it leads to more inflation. Look at the situation in California; there is a high minimum wage but prices, especially for homes, are ridiculous. Home prices in California have nothing to do with the minimum wage. Other than that can you point to some data showing that prices increase when minimum wage goes up? The situation now is that prices have been increasing and minimum wage has not. Does it matter if minimum wage increases? Seriously, who do you think works for minimum wage? It is meant for entry level workers and those will be the ones who are most likely to lose their jobs with a minimum wage increase. It will also hurt small business owners the most. On top of that, it will only increase the illegal immigrant problems. And if you don't think raising the minimum wage will increase prices, why don't we just raise it to ten or twenty or even one hundred dollars an hour? If prices don't go up, then everyone will be better off. As a final note, since people insist on having a minimum wage, it should be kept on the local or state level, not the national level. The same m... n2, make up your mind. First you say : Does it matter whether minimum wage increases? As if to imply that it make no difference if the minimum wage is increased anyway. (A: Yes, people earning the minimum wage earn more) Next you are against it, saying that we might as well increase it to hundred dollars an hour ( a brilliantly constructed rebuttal). So you are against its increase. Try to get your thoughts to at least be consistent, if making them logical is such a lost cause. Even if you believe that the minimum wage set 9 years ago was a fair balance between the interests of business and the working poor, the reality is that $5.15 today buys far less. I'm a strong proponent of the societal and economic benefits a "living wage," but simply adjusting the minimum wage to account for inflation would be a step in the right direction. And if you don't think raising the minimum wage will increase prices, why don't we just raise it to ten or twenty or even one hundred dollars an hour? If prices don't go up, then everyone will be better off.After reading this I'm thinking the money would be better spent on improving the US educational system. Since most discussions of raising the national minimum wage have something around $7.00 an hour or a little over as the target, it won't affect that many industries. However, it will help a lot of people in industries like hospitality (particularly the housekeeping end) and low-end food service. In fact, $7.00 an hour is a just-barely-living wage for a single person in my hometown of Dayton, OH, a fairly cheap real estate market. Is it too much to ask that the national minimum wage be enough for one person to live on in a cheap market in the Midwest? BTW, the state of Ohio increased its minimum wage to $6.85 an hour in the last election, and it will henceforth be indexed to inflation. The minimum wage isn't meant to be a living wage. It is meant to be the minimum entry level wage. My example of raising it to ten or even a hundred dollars an hour is to just make you do on the large scale what your mind can't seem to grasp on the small scale. Prices will increase. A meal that costs an hour's worth of minimum wage now will cost an hour's worth of minimum wage after they raise it. And even if it helps those actually making minimum wage (which is a very small percentage of the work force)a little bit, it hurts those who make above the minimum wage. Those who have worked their way up to earn more than the minimum wage are now making closer to or even all the way down to the ne... The federal minimum wage when I got my first job at age 14 was $4.25 per hour. Now it is $5.15 an hour. That means in 12 years it hasn't gone up even a full dollar. Good people are talking of raising it to $7-something per hour. Working full time, 40 hours a week, that is about 10 grand a year after taxes. The official federal poverty line is 15 grand a year. Small business owners object to this raising of the minimum wage. It wil hurt them, they say. It will, gosh darn golly gee, even PUT THEM OUT OF BUSINESS. Folks, this is a MINIMUM wage, meaning, most people who earn it won't be able to make a wage where they can afford to eat, have BASIC shelter, and get the BASIC health care a human... |
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