First State to Lower Minimum Wage...?

First State to Lower Minimum Wage...?

Posted in the Kingsport Forum

Denver Post

Gatlinburg, TN

#1 Dec 31, 2009
DRIVING IN REVERSE ON THE THIRD WORLD ROAD - RINGING IN THE NEW YEAR BACKWARDS

Colorado's minimum wage becomes 1st in US to drop

December 31, 2009

DENVER Colorado's minimum wage will drop slightly in the new year the first decrease in any state's minimum wage since the federal minimum was adopted in 1938. Colorado's wage is falling 3 cents an hour, from $7.28 to the federal level of $7.25. That's because Colorado is one of 10 states that tie the state minimum wage to inflation. The goal is to protect low-wage workers from having unchanged paychecks as the cost of living goes up. But Colorado's provision also allows wage declines, and the state's consumer price index fell 0.6 percent last year, so the minimum wage is going down.

Do you think other states will follow suit or do you think this will be a loner? Tennessee is doing any number of things cutting back on education scholarships, to letting criminals go free sooner and espunging their criminal records, wonder what other states are doing to cut back? Obama plans to boost Chicago, Illinois by assigning the Gitmo detainees there, could earn the state billions in dollars from the stymeulus packaging.
6541sdt

AOL

#2 Dec 31, 2009
Colorado is a high-income state though. Colorado ranks 13th in per capita income of the 50 states and DC. Tennessee only ranks 37th.
tcb

Scottsdale, AZ

#3 Feb 21, 2010
I believe if the minimum wage were temporarily lowerd to even just $6.50/hour for 6 months, then to $6.75 for another six months and then back to the $7.25 and hour for a year and then raise it to $7.50 0r even $7.75 therafter, it would give a tremondous incentive not only to hire more people, but not eliminate jobs either. We ALL need to chip in and help each other to make a recovery, or else, as predicted, we will continue to see Unemployment at the 10% level for many years to come.
Recovery

United States

#4 Feb 22, 2010
If you want to make a recovery, we need to do away with the "debt" system of money and go to a gold or silver standard. The Federal Reserve needs to be held accountable for it's actions and done away with. We need to stop these insane bailouts and stimulus packages because the only thing they're doing is putting billions of our money into things that don't affect us as much.

There's no such thing as a business being "To big to fail". It opens up the market and makes room for new business.

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