2006-11-01 18:43:10 · 14 answers · asked by thehiddenangle 3 in Politics & Government ➔ Politics
Probably worth pointing out: the price of gas to DRIVE to work (assuming you can afford a car on minimum wage) was a $1.30 in 1996. It averaged $2.86 for the 1st half of the year, more than double.
They still get the same $5.15 an hour though.
2006-11-01 18:51:49 · update #1
You've heard of "trickle down" I assume. Believe it or not, there is a "trickle up" effect of the minimum wage that affects millions of workers. Of course, some states such as California, have already made adjustments to the minimum wage, unable to wait for the federal government to act.
2006-11-01 18:53:15 · update #2
"Trickle up" is that how CEO compensation went from 40 times the average company wage to 390 times?
2006-11-01 19:21:54 · answer #1 · answered by Skip F 3 · 1⤊ 1⤋
Oh, I just love the "trickle up" explanation.
I've got a swell idea. How about a "minimum wage" of $100 an hour? That will "trickle up" real nicely, won't it? And it will benefit far more people that way!
After all, we're going to get to $100/hour "minimum wage" some day, any way. So why not get there sooner rather than later?
2006-11-02 03:04:33 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Good question. The answer is simple. The economy isn't booming for everyone. If you are upper middle class or higher, the economy is booming. If you are middle class or lower , it is not booming.
Also, the Republicans like to tell you that the market dictates the wages. If that's the case, anyone making minimum wage is screwed. It will never change if it is up to the market.
2006-11-03 00:45:15 · answer #3 · answered by truth seeker 7 · 0⤊ 0⤋
The economy may be booming but governments like to take averages into account. When one talks averages the truth is that there are many more below the average than persons above the average in terms of earnings.
It hence suggests that the divide between the exploiter elite (generally Capitalists) and the exploited majority (also known as the labourers) is widening...
Any increases in minimum wage are a farce as they tend to be negated by inflation. It is an ever-tightening circle where the greater the impoverishment of the working class reflects the greater exploitation factors paved for in the foreseeable future.
Negative but I feel that I am not being overly so, all things considered.
2006-11-02 02:48:53 · answer #4 · answered by shadow_cup 2 · 0⤊ 2⤋
Higher wages mean less people employed. Less people working means less taxes paid into government. Lower tax receipts means raising taxes. Rich will always find shelters for their money and poor have no money to pay so the end result of increasing the min wage will be higher taxes on the middle class. Oh yeah, and higher prices for the goods and services produced by those still employed.
No thanks. People should earn more money by acquiring skills and moving up the ladder. We shouldn't just raise the bottom rung.
2006-11-02 05:42:00 · answer #5 · answered by Cain 3 · 0⤊ 0⤋
It's coming after this year's election. There's been too many republicans in power is why it hasn't been raised in ten years. Studies have shown that modest increases in minimum wage have little or no negative effects on the economy. It hasn't hurt California's economy.
2006-11-02 04:00:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
because in spite of our supposed rise in economy, in some countries, their government chose to maintain their minimum wage (and yet they increase their taxes). but there are some countries that have already increased their minimum wage such as here in the Philippines. minimum wage was increased early this year as announced by our president (i'm not sure by how much).
2006-11-02 02:50:25 · answer #7 · answered by Ricky the Kid 4 · 0⤊ 0⤋
Think about it. Everyone is upset, including me, about our jobs going to other countries. Why? They go because we want to make more money so that we can have more.
However, when we shop, we want to shop and save money. If we want to buy products at lesser prices, we will have to buy from other countries because we want more money.
The more the business pay for employees and benefits, the greater the chance of that business being forced to either move out of country or to go bankrupt.
When will the circle stop?
2006-11-02 02:57:22 · answer #8 · answered by grannywinkie 6 · 2⤊ 0⤋
Whats wrong with the minimum wage? most companies pay more than it anyway.
2006-11-02 02:45:29 · answer #9 · answered by ? 3 · 1⤊ 1⤋
For one thing it only affects lest than 2% of workers. If I have to pay my employees more where do you think the money is going to come from? It's going to come from higher prices so you are going to pay it.
2006-11-02 02:51:26 · answer #10 · answered by Anonymous · 1⤊ 1⤋