2007-01-12 04:54:16 · 10 answers · asked by Keisha K 1 in Business & Finance ➔ Personal Finance
No, that is up to your employer totally...
2007-01-12 04:56:43 · answer #1 · answered by gene d 2 · 0⤊ 0⤋
No.
Raising the minimum wage has the adverse effect of causing everyone making more than it to wonder why they aren't getting a wage increase. The reason why is because raising the minimum wage has a very direct influence on inflation. This is evident from the wage increases in the early to mid 90s which led to the much of the runaway inflation that happened in the late 90s.
Experts and political pundits disagree as to how big the effect of minimum wage increases is on inflation, but nearly every economics professor or guru will confirm that there is definitely an effect on inflation, which really only hurts those of us that aren't keen enough to ask our bosses for raises when the minimum wage increases.
There will always be the term "poverty". The reason why is because the term is a fixed value based on the cost of living and percentage of average income. Whenever something is based on a percentage, for example, making the cost-of-living the rent prices for the average of all income-earners in the lower 50% of the US, you're always going to have a percentage of people that are lower than that line.
Also, there are some people who have no job by choice (won the lottery, rich relative/spouse, etc.) that classify as unemployed. Keep in mind that what you read in the papers or see on TV is often just numbers games.
2007-01-12 13:05:55 · answer #2 · answered by Nick W 2 · 0⤊ 0⤋
It depends on how your way is calculated. Some union employee's wages are actually a function of the minimum way so there are some people who already make over the minimum wage who will be receiving a hefty pay hike.
2007-01-12 12:56:52 · answer #3 · answered by psycho-cook 4 · 0⤊ 0⤋
No, the minimum wage is just that...minimum. If you make $7.50/hour and your co-worker makes $6.50/hour, your co-worker just got a dollar an hour raise. You obviously have some bargaining power with your boss when this happens. Good luck.
2007-01-12 12:58:18 · answer #4 · answered by Jon L 2 · 0⤊ 0⤋
It would not be mandatory, but I read in the paper, here in Florida, that it's likely workers who make in the lower ranges, but not quite minimum wage, would get a bump upward because it's assumed they make a litttle more because they have more skills and experience, so they'd get an increase to keep that cushion for their extra skill level.
Of course this is at the discretion of your employer.
2007-01-12 12:59:15 · answer #5 · answered by GEEGEE 7 · 1⤊ 0⤋
Not unless your salary is actually linked in some way with the minimum wage (e.g. min wage + .50).
2007-01-12 13:12:51 · answer #6 · answered by CanadianBlondie 5 · 0⤊ 0⤋
I'd ask for mine. Remind your employer that keeping older workers wages somewhat hirer than new employees is good for moral and a demonstration of how much they appreciate people who stay. It might work.
2007-01-12 13:02:42 · answer #7 · answered by BigPappa 5 · 0⤊ 0⤋
No you don't. But you should get a higher paying job just so you can say, "I make way more than minimum wage."
2007-01-12 12:58:38 · answer #8 · answered by Anonymous · 0⤊ 1⤋
That's ridiculous. Of course not. Hey, let's pass a law to give everyone a raise. That ought to play right into the stream of ignorant voters.
2007-01-12 12:59:07 · answer #9 · answered by Anonymous · 0⤊ 2⤋
No.
2007-01-13 04:25:53 · answer #10 · answered by Anonymous · 0⤊ 1⤋