what is your opinion about the increase of min wadge?
2007-01-17 11:52:21 · 8 answers · asked by texas_krystle_23 3 in Business & Finance ➔ Other - Business & Finance
It will make the poor people poorer,If a supermarket or restaurant that hires lots of minimum wage workers has its payroll costs increased by 40 percent( i.e.5.15 to 7.25) then they will increase the prices accordingly to make up for the increase in costs.Now you might think so what i will go somewhere else however the competitors will also increase prices.
2007-01-17 12:13:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The cost of living increases from year to year - if wages remained static, we'd be in big economic trouble.
2007-01-17 12:06:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The "MINIMUM WAGE?"
Each time the MW increases, = = those that most need it SUFFER FROM = = THE INCREASED Cost = = of Disposable Goods!
Thanks, RR
2007-01-17 11:57:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think it is great. With the prices going up, wages need to go up as well. It's just sad that it will take a couple of years to get them up.
2007-01-17 11:55:49 · answer #4 · answered by jamiemccan 2 · 0⤊ 0⤋
Should happen. Should be automatic. Should go up every 5 years or so, automatically. Everthing else goes up yearly, so why not?
2007-01-17 11:55:33 · answer #5 · answered by gabound75 5 · 0⤊ 0⤋
It's a bad idea.
It will hurt small business owners and will force them to let go of their workers
2007-01-17 11:55:38 · answer #6 · answered by JoBlo 2 · 0⤊ 0⤋
People who are earning minimum wage need and deserve it, and it will help the economy.
2007-01-17 11:58:35 · answer #7 · answered by Max 6 · 0⤊ 0⤋
should be tied in with congress pay raises.. same % same time.
2007-01-17 12:00:58 · answer #8 · answered by cork 7 · 0⤊ 0⤋