When the minimum wage was raised in 1948 (?) it threw a lot of young black men out of work. Prior to that, the minimum wage was set below the prevailing wage for typical unskilled, undereducated poor people. Prior to the large leap in minimum wage, young blacks had higher employment than young whites. After the raise, these young blacks, who were typically from poorer families, with less education or business skills, were basically priced out of the market.
But, hey, who cares about the actual effects when you can sit around patting yourselves on the back, congratulating yourselves that you "did something", thus showing what caring people you are?
By the way, can anybody help me find the Constitutional clause which gives Congress the power to regulate wages? I just can't seem to find it...
2006-09-27 04:26:21
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answer #1
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answered by Anonymous
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I tend to believe that raising minimum wage would be a good move. Circulating higher wages puts more money into the economy. People might actually be able to purchase items that they might not normally buy at current wage levels. Gas and real estate prices made hardships for alot of people on a decent wage. Imagine what it's like for someone on a minimum wage level. I think most illegals are working under the table which is worse for our economy, rather than teens and legals taking a majority of minimum wage positions for a couple of extra dollars an hour, but thats a whole seperate issue... We have to face it, that America is not getting any cheaper to live in, and we need to keep up with the times and expand our economy rather than stand still.
2006-09-27 05:05:39
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answer #2
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answered by deceit29 2
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It really depends on the state of the economy whether raising the minimum wage would work out. If it is strong, then businesses can handle it. I believe it would encourage more reasonable management salaries and help those people who do have min. wage jobs be able to actually support themselves. Of course, there are a myriad of factors that work together to determine the effects of something like raising the min. wage. The message it sends, though, is a good one.
2006-09-27 04:17:52
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answer #3
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answered by Phoenix, Wise Guru 7
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I don't think thats a be all end all fix,
but I'll tell you this
I Work at wal-mart,
and they pay you $6.00/hr to start if you are a teen or a middle age person, or if you are 70.
They limit what you can make per hour.
they made 212 billion dollars last year,
they can afford to pay more, or lower their prices even more....
a lot of big places make major monies like that
I know, if you don't like the pay, work somewhere else.
but all the biggest places pay the least.
I wonder how many people who oppose a minimum wage hike make minimum wage? or would if be fair to say they make much more?
2006-09-27 04:19:18
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answer #4
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answered by papeche 5
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i think of minimum salary would desire to be sufficient for individuals to get by potential of without desiring a brilliant form of help from the government / tax payer. I stay in Ontario, Canada and the minimum salary is $10.25 right here. i think of that could be a first rate fee. can not incredibly think of of any cons to elevating the minimum salary, as long as that is in all fairness. the backside salary I ever earned grow to be $7.50 an hour.
2016-12-18 17:56:45
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answer #5
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answered by ? 4
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Yes. Inflation would occur. It shouldn't be done, rather, those on minimum wage should up their education and expertise to get higher paying salaries.
2006-09-27 04:18:04
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answer #6
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answered by Answerer 7
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It is great to see someone has enough sense to see that minimum wage helps noone but the government. thats it end of story.
2006-09-29 09:25:32
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answer #7
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answered by roythead3 3
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A lack of understanding of basic economics by Democrats?
2006-09-27 04:14:01
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answer #8
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answered by Ricky T 6
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son......this is the usa.....u can own a shot gun...go shoot ur boss
2006-09-27 04:29:11
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answer #9
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answered by Anonymous
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