Minimum wage bill keeps getting shot down for good reason. Its not the Governments job to set a minimum wage. But my question is how many people actually make minimum wage? What age range? Anybody have any links to sites that show actual statistics?
2007-01-29 07:00:22 · 1 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
I make no where near minimum wage. More like less than a dollar an hour, but then I'm a farmer so that's just the way it goes. I had a profit of $6500 last year. That's my wages for an entire year. Good thing I don't have very high expectations in life, isn't it?
Anyone I hire now has to make $7.85 an hour, and double that for worker's compensation and federal matching requirements. That drops my wages even more as the commodities I sell do not go up just because my expenses do. About half of the heel of a loaf of bread is what the farmer is paid percentage wise.
If you tie the minimum wage to inflation and don't take any other economic factors into consideration, then there are no jobs. Minimum or other wise.
2007-01-29 07:22:01 · answer #1 · answered by SLA 5 · 0⤊ 0⤋