Raise Minimum Wage
Posted in the Douglas Forum
#1 Feb 20, 2013
Is there any reason not to raise the minimum wage from $7.25 to $9.00 an hour?
I see no reason not to raise it.
Whoever makes $9.00 an hour working a 40 hour week and after taxes, would still be living below the poverty line.
#2 Feb 20, 2013
It's called inflation. If people make more money on average, the price of goods and services also increase. Ultimately it makes very little difference.
#3 Feb 20, 2013
The latest poverty level for a single person is $11,170.00.$9.00 a hour X 40 hours a week is $360.$360 X 52 weeks equals $18,720 annually.
Raising the minimum wage will drive all wages up and, in turn, prices rise to offset those costs. Inflation!
For those that want to earn more I recommend developing a better work ethic, increasing your education (academic and technical), and always be willing to take on bigger challenges.
For those happy on the bottom continue doing what you are currently doing. You are assured to stay there.
#4 Feb 20, 2013
While we're at it, lets send all jobs overseas.
#5 Feb 20, 2013
we make obama presidnt so we can get mor fud stampz and get a free home so we can hav mor babniz to get mor money thats how us darkies work
#6 Feb 20, 2013
Minimum wage jobs are for high school students and college kids home for the summer. There should be no expectation of making a living or raising a family on that kind of job. Unhappy with your job? Go to school and learn how to do something requiring more skill than sweeping up or working a drive through window.
Raising the minimum wage will drive up prices and kill jobs.
#7 Feb 20, 2013
Raising the minimum wage would raise the unemployment levels because employers would not be able to afford to pay the employees more money. How do we ensure that the employer gets more productivity for the increase in pay. We can't it will kill the economic recovery if there is one.
#8 Feb 20, 2013
The minimum wage of $1.60 an hour in 1968 would be $10.56 today when adjusted for inflation.
WalMart would have to lay off 20% of it's workforce. Heck, it's CEO took a pay cut last year.
(Reuters)- Wal-Mart Stores Inc (WMT.N) Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million in the previous year.
#9 Feb 21, 2013
Take a walk down Utopia Lane with me. It's absurd for American's to work 40 hours a week and not get paid and I mean REALLY get paid for it. So going to $10/hour is a slap in the face to hard working Americans. Why are you trying to keep a man down? Who can raise a family on $10/hr? So instead, let's go ahead and take the minimum wage up to $100/hr. That's $208,000 a year. Now, we're talking about doing something that is a game changer. I mean, NOW you can raise a family. Well, for about a week. What do you mean you don't get it? Yes, it's $208,000 a year, but that isn't gonna go very far after a couple of days. Well, hang on and I'll explain.
You see, Alice, that is a 1,290% increase in minimum wages. Which means that employers just saw their expenses go up by that same amount. Now, I know it's "not fair" for a business to make money, but here's a dirty little secret: If a business doesn't earn a profit, it goes out of business. No really, it's true. So if a business sees it's labor cost go up by 1,290%, guess what it is going to be FORCED to do just to keep the doors open? Oh, come on, at least offer one guess. Just one. Yep, you got it! They are going to have to raise their prices to consumers (those people that buy their product and/or service).
So, let's look at the cost of some everyday items in a market where the minimum wage is $100/hour. Gas: currently $3.83, 1,290% increase =$49.40/gallon. Average cell phone bill is currently $75, 1,290% increase =$967.50/month. Coke in vending machine is currently $1.50, 1,290% increase =$19.35. A $5 footlong at Subway is currently $5.00 (before taxes of course), a 1,290% increase =$64.50. An $8 movie ticket after a 1,290% increase is $103.20. Then throw in the $14 for popcorn & Coke, it becomes $180.60.$283.80 for one person to go to a movie and eat popcorn and drink a Coke. Ok, ok, you get it. So what's the bottom line?
Raising the minimum wage is no better than a dog chasing his own tail. You can raise the minimum wage to whatever number you want and in no time flat, the market will correct and those working for minimum wage will still be living like they are working for minimum wage. Why? Because that's what they will be doing. As I said, "It's elementary".
When I snap my fingers, you will awaken refreshed and realize that you live the Real World and not Utopia World where there is sunshine and lollipops everyday. SNAP!
#10 Feb 22, 2013
Very good and very real Watson.
#11 Feb 22, 2013
my sympathy to CE Mike Duke for the pay cut.I could live a long time on the 600,000.00 he was cut. bless his heart ,hope he doesn't have to give up any special interest with that cut.
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