Should the Minimum wage be increased?

Question

I understand that there are a lot people who can't get enough money working minimum wage jobs however if the minimum wage goes up like congress plans, most businesses won't be able to afford to hire people and even more people will suffer do to job losses.

Not to mention the simple fact that its none of the government's business how much a private corporation pays its employees. If McDonalds wants to pay 5 cents an hour and somebody wants to take that job than they should have every right to.

Thoughts?

Answer 1

The minimum wage should be increased. Realize that some people are exempt from the provisions of the law. Your thought that some businesses will not hire workers, is correct, however, once everyone is adjusted to the new wage, jobs will come back, as needed.

Answer 2

People are never going to get ahead by depending on a minimum wage increase. It is impossible, because any wage increase large enough to be truly helpful will only spark inflation. The inflation will erode the buying power gained from the wage increase and it will simply achieve a new equilibrium at the higher wage point. The only way out is to get an education and make yourself more valuable in the job market.

Answer 3

Absolutely not...but theres no point arguing it.
Why should the govt set the wage? The rational behind it is to create equity....
Why shouldn't the govt set the wage? The rational behind it is it created inefficiency...
But to sum it up if minimum wage is increased...the people earning minimum wage will benefit...and everyone earning from
($7.50 to $15) have to bear the majority of the burden. Small business will not be hurt because they will get the tax breask for paying employees higher. (this is now being debated in the senate). So only the people who are earning a little bit over the minimum wage will be hurt.

Answer 4

A person cannot live on min. wage as it is!! You try it.Businesses won't be able to afford to pay min. wage? If they aren't forced to pay people min. wage people will be starving to death,These companies can afford Min. Wage! The want work for almost free. They only care about their own wallets.People have got to pay rent. They have got to pay their bills. To all Republicans with good paying jobs who have no idea how hard it is to live on Min. wage, to those of you who just don't care, to those of you who can't understand that not everybody is college material. To all of you who just don't understand that there are college Grads working at flipping burgers Shame on you! As long as you aren't working for hardly nothing you don't car!Not all people have the ability to attend college. Every body does not have th I.Q. for college!

Answer 5

Businesses can afford a wage increase. Minimum Wage should indeed be increased.

Answer 6

Raising minimum wages raises the price of goods.Studying & learning a profession that pays more is the only way to get ahead !

Answer 7

It doesn't matter whether or not it should be indreased, it is being increased.

also..

I work at McDonalds and they pay me a lot more than minimum wage.

Answer 8

Everything else is going up why not the Minimum Wage!!!

Answer 9

You're absolutely right, Simon. For more reasons than people
realize.
If a government has "rights" to decide what a company owner
pays his workers, then that government is actually the real
employer, not the business owner.
The meaning of private property is already becoming very
confused and blurred.

Answer 10

Yes I do think the min. should be increased. Noone says anything when congress votes themselves big fat raises. When gas prices and food prices goes up for the well to-do it goes up for the wprking class too.