How many of you minimum wage earners realize that the wage increase is over a three year period?

Question

The 70 cent increase will be put into effect 2 months after passage. Then raise another 70 cents next year and another 70 cents the year after that. From what I am seeing on here you think you got the lump sum!

I think you people misunderstand. The house approved a minimum wage increase. it now goes to the Senate for approval. If the Senate approves it without any addition it goes to the President for his approval. The house approved the minimum wage to go up 70 cents a year for three years. A person working 40 hours a week for 52 weeks equals $1456 a year. Now multiply that number by the number of employees where you work. Don't forget your employer pays half of your Social Security so that also cost the employer more. It is mandated they carry workers compensation on employees. this is based on paid out wages, so this also goes up. Say you have ten employees, the raise in the minimum wage has the effect of adding $18,000 to your operating expense. Where do you make up this money? You raise prices. Which in effect makes the raise null and void, and for those that earned more than minimum wage, they have lost dollar buying power. Now this is going to repeat for three years in a row.

I own two businesses people. I do not work or have I ever worked for minimum wage!

My least paid worker is a laborer making $12 an hour.

They will not be paid $7.25 as soon as it passes. The new minimum wage will be $5.85. Next year it will go up to $6.55 and the year after that $7.25.

Answer 1

They learn it 2 months after passage.

Answer 2

Nope, most jobs usually have it posted on an official sign. It won't be $8 until 1/2008.

Answer 3

People are extremely ignorant. Facckin' Democrats..

Answer 4

It's better than nothing, which is what the Republicans gave you.

Thumbs down all you want, but you know it's true.
:-)
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