Why raise minunwage?

Question

If they raise minunwage that wil make every thing go up right!So
don't do it>We don't get to vote on it.Is this fare? What is fare
in the USA.

Answer 1

To help people manage the cost of living. Prices go up, wages go down. In my opinion, the problem is being fueled by illegal immigration.

Answer 2

You know, the last 10 times they raised the minimum wage, the average cpi went down. It increases the amount of product that the public can afford and the more you manufacture the cheaper it becomes. When minimum wage stagnates and the working poor can't afford to distribute their (albeit small, there is a large population) wealth, demand for consumer goods drops and prices go up. People who aren't making a living wage don't buy stuff, reducing the amount of product sold, and sending prices through the roof. Businesses know this, and know that they get a larger profit margin when they can mark up prices on the the premise of low demand, that's why they protest the minimum wage raise, not because it'll raise prices (it doesn't).

Answer 3

Grammar and spelling is your friend. A class in basic Economics would be good too.

If you raise the Minimum wage so that it actually raises wages then it will reduce the number of jobs available to those with those skills. Since those unemployed wouldn't get any job skills while working, the net effect is that the average unskilled worker (or the average of unskilled workers) would learn less than they do now.

You see, everyone's wages are set by supply and demand. If you have a minimum wage, or a union wage, then the curves will compensate until things go back into equilibrium. Sadly, it will always be at a point that is far less efficient that it would've been otherwise.

Answer 4

No. The minimum wage is already higher than the federal $5.15 in about 30 state, including some big agricultural states like California and Florida.Very few manufacturing jobs pay only minimum wage so the impact will be minimal. Increases in fuel costs will have a much bigger impact, and we don't get to vote on those either.

Answer 5

For people out on their own, trying to earn their own way before they graduate from college minimum wage will not cover food, transportation, housing, medical, dental and all the other things an adult needs. You don't just walk out of college with a salary and a healthcare plan. And everything does not "go up" prices can be gouged by merchants trying to cash in. Where I work they raised the price of all the food by almost a dollar to compensate, and we lost business, so now they are going to lower the prices.
Do you want to live knowing that the person who serves your food has to choose between paying their rent or eating?
Think about how you would feel if you were the one working the low-wage job and someone who (like you) obviously doesn't want or need money comes along and goes "its not fair for you to be paid enough to live independently, I want you on food stamps"

And we did vote on it in my state.

Answer 6

Many Americans just can't make it on the current minimum wage,it is too low for people to live on,especially if they have children. If it was raised maybe some would be able to get off of welfare and it would save so much money for other badly needed programs,Most people do not want to live on welfare. They really need to raise the wages for the hard working Americans who get paid almost nothing. You must be rich or something, you just don't seem to understand what low wages does to people.

Answer 7

We need to raise the min wage to keep labor on an even keel with the cost of living. Used to be that a young person could work for min wage, and put themselves through college. Try it now. Everything has gone up in cost, min wg has not come close to keeping up.
It is bullshit that raising wages makes the price of everything go up, bullshit put out by Reps. and rich capitalist. The prices go up to increase profits primarily and is blamed on labor. The percentage of an items price that is due to min wg is very small, this is nothing but a con job by rich capitalists who want to keep making more and more profit while working people get poorer and poorer.

Answer 8

Here's a thought: why not establish a 'maximum' wage so that CEOs and other corporate 'fat cats'can't hog all the company's money?
Let's take a simple example:
A corporation has 1000 employees.
900 of those employees earn the minimum wage of $5.15 an hour. Total cost: $4,725.00 per hour x 40 hours per week = $189,000.00 x 50 weeks per year = $9,450,000.00.
100 of those employees are 'fat cats' who earn an average 'executive salary' of $94,500.00 per year, for a total of $9,450,000.00.
Let's say we cut those executive salaries back by 50%, to $47,250.00 per year ($4,725,000.00 total). The executives still earn four-and-a-half times what their average laborer earns.
But - with the $4,725,000 annual savings in executive salaries, the company could increase each of the 900 workers' hourly rate by $2.625 per hour and retain the very same labor costs!
No need to raise prices to consumers.
All the executives have to do is learn to live on less.
Think it'll work? -RKO-

Answer 9

Have the gas prices gone up since the last time the minimum wage was raised, what about groceries or the price of a cup of coffee, a movie, rent or a birthday card.

Minimum wage does not drive up prices and the poor people who are at or near minimum wage suffer.

Answer 10

We did get to vote on the MINIMUM wage in Ohio & thats why our MINIMUM wage went up. I guess that does make it FAIR.
Maybe you should use your spell check a little more often.