I mean if it is so good to have a minimum wage why not? Oh because $20 an hour is highly inflationary, make small businesses fail, and creates unemployment among those that make minimum wage now. Just like the current proposed wage would?
2007-01-30 10:41:39 · 20 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Stop being rational!!!! You are confusing the Liberals!
2007-01-30 10:44:15 · answer #1 · answered by Jace 4 · 3⤊ 2⤋
The reason a $20 an hour minimum wage would fail is the workers that would be applying for those jobs would have either limited or NO experience. Companies would train these individuals for $20 an hour, then the individual would decide that the job wasn't for them and just quit. And besides, for the fools that think this would be reasonable, think about it. Burger King would HAVE to raise the price of a Whopper to about $15-$17, and those wonderfull $.99 fries you love so much would also go up to about $8 or $9. Then, everyone would have to raise prices AND wages to compensate, and we would be back in the same position we are now. Unskilled, unemployed poeple. It sounds good, and it's great wishfull thinking, but the snowball effect would put us right back to where we are. The smart thing to do would be get your head out of your a**, get an education, then get a job that will get you that money.
2007-01-30 18:57:41 · answer #2 · answered by michael.rautenberg 1 · 4⤊ 1⤋
The minimum wage increase that the House passed adds around $1450 a year in the pocket of the person making minimum wage. Mainly high school and college students. It cost the employers around $1700 per employee a year. Senior citizens drawing social security received a 3.3% increase in their monthly check, or around $400 dollars a year. If the businesses raise their prices to recoup the cost of higher products an services, who gets hurt the most? The minimum wage increase will not break most corporate employers, it will hurt the small business person. That is why the senate asked for tax breaks on small business to be added to the bill. Let us say an employer has ten employees. If the cost to his business per employee is around $1700, his over all cost for his business in employee wages just went up $17000 a year. He must recoup with a price increase or an employee reduction.
2007-01-30 18:49:40 · answer #3 · answered by Anonymous · 2⤊ 1⤋
A minimum wage should be optimized, whatever that means. It should be set at the rate that provides the greatest benefit for the greatest number of people ideally.
The corollary to your question is why don't we lower the minimum wage to $0 per hour. Theoretically, businesses would pay somewhere over $0 per hour in order to entice employees. Unfortunately, history has shown us a different pattern.
2007-01-30 18:47:45 · answer #4 · answered by Jeremy B 2 · 0⤊ 1⤋
Why not do away with wages and let the Government provide for all. Money can be set to dissolve after 15 months so we don't have to worry about inflation. We all get wheat bread, grape jelly, peanut butter, spam, and kool aid for free and live on that. We take pride in industry and have the hammer as a symbol. We take pride in agriculture and have a sickle as our symbol. Then we make flags cheaper by going to a single color - RED.
How about them apples, comrade?
2007-01-30 19:10:44 · answer #5 · answered by Anonymous · 1⤊ 0⤋
wow, really good comparison. the proposed increase is so close to $20, that it will have the same impact.
why is it you guys can't keep your stories straight. When you want to spin the minimum wage issue a different way, you say only 5% of the workers make min. wage. Well, if you are right about that, how is increasing it a couple of bucks over a few years going to do the damage you made up?????
2007-01-30 18:48:01 · answer #6 · answered by truth seeker 7 · 1⤊ 2⤋
There are many people in this world that are not worth $20 an hour. Some of them aren't even worth minimum wage. Your theory would only work for the people that have a good education and know what they are doing.
2007-01-30 18:45:37 · answer #7 · answered by Farmwife 3 · 2⤊ 2⤋
lets just make it $500.00 and hour, then we could all get paid like the fat cat attorneys like Edwards, sure things would be more expensive. But could you imagine traveling over seas and saying to someone, "Hey I make so much money that I pay 200 dollars for a big mac."
Hey I drive a 300,000 dollar car...Not bad if you ask me.
Of course you might have a problem getting a job after the first round of layoffs. But my job is secure, and why should I care about you? Do you pay 200 dollars for a burger, I think not!
2007-01-30 18:47:58 · answer #8 · answered by impalersca 4 · 2⤊ 0⤋
I agree. Although I also agree that the Fed Minimum wage should be $0. Let the States figure it out, and let buisness see what people will work for. If you pay me 5 cents an hour I'm not working there plain and simple. Also you would see Unions come back if you don't pay much. The workers will make them pay.
2007-01-30 18:52:36 · answer #9 · answered by Anonymous · 1⤊ 2⤋
So why don't we just revert the minimum wage to what it was in my Grandmother's day, 10 cents an hour. I mean, prices haven't increased at all since the 30's. I'm sure someone could make it today on 4 dollars a week since according to your brilliant economic theory cost are constantly stagnant and only increase when wages do.
2007-01-30 18:49:20 · answer #10 · answered by noxturnxonxred 2 · 1⤊ 3⤋
If we raised it to $100.00 we would all be rich.
The whole minimum wage issue is nothing more than a way to make people who know nothing about economics feel like the politicians are giving them something. It's a political ploy, nothing more.
2007-01-30 18:47:02 · answer #11 · answered by VoodooPunk 4 · 5⤊ 1⤋