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I think it should be up to the individual states to enact a minimum wage if they feel it's necessary. I think it's ridiculous that the government is allowed to "set" the wages of a certain class of jobs across the entire country without regard to COL.
A person working at McD's in Chicago makes the same as someone in Podunk, LA yet an accountant in Chicago probably makes several times that than in many other parts of the country. Regional costs, supply, and demand should dictate wages, not the government.
I think it should be up to the individual states to enact a minimum wage if they feel it's necessary. I think it's ridiculous that the government is allowed to "set" the wages of a certain class of jobs across the entire country without regard to COL.
A person working at McD's in Chicago makes the same as someone in Podunk, LA yet an accountant in Chicago probably makes several times that than in many other parts of the country. Regional costs, supply, and demand should dictate wages, not the government.
That simply wouldn't work. Unless that state has a monopoly on a natural resource, companies would simply move to the state with the lowest minimum wage.
So West Virginia and Kentucky may be able to pass legislation on minimum wages for coal miners, they wouldn't be able to do the same for other industries.
Not true. Wages fall because of illegal workers. If demand falls because wages fall, then prices also fall. Making items cheaper, which means its more easily afforded by those making less money.
Its not perfect, and some people will suffer, sure. However, its the best, worst system out there.
Not True, wages fall because parasitic employers hire illegals to undercut the law. If every employer who hires illegals was in jail companies would be hiring legals and paying a legal wage
That simply wouldn't work. Unless that state has a monopoly on a natural resource, companies would simply move to the state with the lowest minimum wage.
So West Virginia and Kentucky may be able to pass legislation on minimum wages for coal miners, they wouldn't be able to do the same for other industries.
You can't set a minimum wage for only certain industries. And, companies already do this. Why do you think there are so many call center jobs based out of NC? Because they can pay the people there less to do the same job than they would pay people in say, Chicago.
Many companies rely on a skilled and educated workforce. That's why companies locate to places with greater talent pools. The majority of minimum wage jobs are in the service industry (ie., cashiers) and can't "relocate".
Not True, wages fall because parasitic employers hire illegals to undercut the law. If every employer who hires illegals was in jail companies would be hiring legals and paying a legal wage
If wages fall, then demand would fall for the products they make. When supply increases because demand has fallen, price decreases, and those who make less money can afford the new, lower priced goods.
Without minimum wage, the gap between rich and poor would be even more ridiculous. The only thing that leaders of companies are going to do is sell out their workers.
Without minimum wage, the gap between rich and poor would be even more ridiculous. The only thing that leaders of companies are going to do is sell out their workers.
Wages in this country grew at a faster percentage before there was a minimum wage. The income gap was also smaller.
Without minimum wage, the gap between rich and poor would be even more ridiculous. The only thing that leaders of companies are going to do is sell out their workers.
I've always liked the flat tax idea. How does it reduce income gaps?
As it stands right now, the richest 10% pay an effective tax rate of around 20%. Those of us like me who make a solid middle class income pay around 35 to 40% effective tax rates.
Thats the rate of income we pay into taxes, based on our income. Granted, the richest Americans pay more in actual dollar amounts, but not percentage wise on their income.
With a flat tax, that would ensure that the richest Americans would be paying a higher tax rate, which would ensure that they couldn't keep getting richer, without paying significantly higher taxes. This levels the playing field. It would also ensure the stability of government programs like welfare, food stamps, and section 8 housing vouchers for those who make below a certain income level, to offset the tax rate that they pay.
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