Finally somebody does something to help the poor in your crazy country. Come on, this is just very partly true, all imported stuff, cars, technical equipment like television sets and kitchen equipment, and much more of the stuff people use in their daily life, has more or less the same price all over the US. And the labour is not worth less in an area where it is cheaper to live.
Since 1997 Congress has voted and accepted raises totaling $34,900 from $133,600/year to $168,500/year starting 1/1/07. Actually, certain states have minimum salaries higher than the federal minimum wage so in those states the state law rules.
http://en.wikipedia.org/wiki/Arbusto_Energy It seems it is easy to open a company, lose 1.5 million and then sell it for $2.2 million if your name is Bush. As you can see, no hard work was needed.
Minimum wage increases unemployment: http://www.ncpa.org/hotlines/min/pd041999a.html http://www.house.gov/jec/cost-gov/regs/minimum/against/against.htm Irrelevant. If $7.25 is a good minimum wage, isn't $10 better? Why not $20? Why not set the minimum bar even higher? Give those people even more money - if your goal is to lift them out of poverty, after all. Minimum wage has all but been defunct for years. Besides waiters, who gets paid minimum wage? Mcdonalds starts people at like $7 now, $8 for late shifts. Market does quite well in deciding the minimum wage of what people will and won't work for. Assuming the people who earn 5.15 get the raise to 7.25, will their productivity increase because of that? Nope. So, the company bears the burden, who in turn passes it onto consumers, which causes prices to rise. Which dampens the effect of the wage increase anyways. Another good case against increasing it. Why should the federal government raise it when states are perfectly capable of doing it themselves.
Gworld is in Canada, not the US. He only posted to take a jab at America while ignoring the fact that in many provinces in his own country, the minimum wage rate is even lower! But not a peep out of him on that
because i think it is being adjusted for inflation, not lift to the people out of poverty what does that mean the dollar menu at wendys will now be 1.05? I thought that waiters were one of the professions that could get paid less then minium wage?
Great, Now I'll just fire one of my employees and work the other one to death. seriously, whoever buys into the minimum wage argument , needs to take an elementary economics course.
well inflation plus a christmas present, shouldn' you christians be happy the poor being helped and all that jazz?
In a lot of jobs that pay minimum wage the workers get tips which bring their earnings to well above average. I worked in a casino for minimun wage and made $5K+/month. My wife works in a restaurant for minimum wage and makes close to $4K/month, but if they increased the minimum wage there'd be a good chance she'd loose her job or at least some hours, as the restaurant would have to cut back on staff. There are two sides to every coin.
Here is a story about people affected by minimum wage in Oregon: http://online.wsj.com/public/article/SB116250968954211912-ulbQAzJn_bfqr5q1NjAS2gGurCU_20071102.html So, he's fired people to offset the rate increase. Increasing unemployment. Raised prices on customers as well.
Propaganda. Its also simplified a bit, you have many countries that has a decent minimum wage and a very low unemployment rate.
Government mandated help isn't "charitable", it's called mugging. If you are concerned about the plight of poor people, you are more than welcome to donate as much as you want. Having government mug people and hand over money doesn't make anymore more caring
Christ never supported the idea of physically forcing people to be giving towards each other...in fact he shunned all those whom paraded around as do-gooders. I remember one story he spoke of...where three people had been working all day, and two just arrived in the last few hours. All of them were paid equally, and the three said...why do they get paid just as much as we do?...the business man says I paid them that amount out of good will. Jesus's point seemed to be, ...the good man give out in a personal manner and is not forced....and others shouldn't demand more.
I mostly don't give a crap about poor people, but I am a not "christian" yeah great story! its obvious JC would be against the minimium wage increase
There aren't many leftists economists out there, chief. Not that the Republicans are good, but overall.. economic sciences are dominated by 'libertarianish' people. Alan Greenspan (or former fed chairman) was highly connected to the famous Ayn Rand, and while he lived as practical within the current paradigm (and not his idealism)...he acknowledged many times that our current system has it's pit falls. Essentially the world would be better off being less centralized, but that the public wasn't demanding that...enough. I personally haven't met many left-leaning people with a lot of knowledge on the economy. But I guess you can somewhat say that's an issue with both sides.
I was reading some where that all the states that increased the minimium wage had good job growth and the whole jobs loss thing is just BS put out by john stossel and mcdonalds
Interestingly enough, there is - buried in the text of the resolution - a new rule that requires Google to also pay AdSense Publishers minimum wages. Google is now forced to pay $7.25 an hour for publisher's effort - at times up to 24 hours in a day. Since the Fair Labor Standards Act requires overtime pay at a rate of 1.5 times regular rate of pay after 40 hours of work - this law has the potential to bankrupt Google. After the winning vote of 315-116 in favor of raising the wage, a staffer was seen rushing to the resolute Nancy Pelosi and describing the Google gaff. Only seconds later her cell phone rang and the Speaker was heard to say "Oh, hi Sergey.... Yeah - maybe this 100 hour thingy wasn't such a good idea."