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What ever advantage gained by employees by an increase in minimum wage, will soon be eaten up by higher prices and layoffs to compensate for it. If you think employers are going to absorb the cost of higher wages, you are mistaken. The cost of higher wages will be passed along to the consumer and the employee will be paying his own salary in the higher prices of consumer goods. In the end, it will cause increase in prices for all.
Yes, God forbid that my former employer spend only 12 weeks a year globetrotting instead of the 16 weeks he spends now.
They should be living at home or renting a room somewhere or have roomates. I had four roomates when I graduated from college. As each of us earned more money, we got our own place. I am talking three civil engineers and a software developer.
I've had enough of my stuff stolen by roommates (note: roomates are marsupial siblings) over the years. I want a tiny house of my own, thank you.
Only 5.2 percent of workers in the US make minimum wage. To hear our Fearless Leader talk, you'd think that half the workforce was making $7 an hour.
That's actually something which supports a higher minimum wage - there are so few people actually paid it that reports of impending economic demise are greatly exaggerated.
Not to mention that raising the minimum wage will raise the cost of living and raise prices on all goods and services for everyone - including the poor.
I can't think of anything I buy that is produced, distributed, or sold with minimum wage labor.
But the homeowner majority is unwilling to relax housing standards to make said lower standard of living affordable. That is not sustainable.
Safety standards? Fire codes? What standards do you want to relax?
So freemkt, why hasn't the free market flooded the country with inexpensive homes that people can afford? That is what capitalism teaches us -- if there is a demand, someone will rush in to fill it.
And I don't know about anyone else, but the only time in my life that I've made minimum wage was when I was fifteen years old and working part time at Burger King.
If you're stuck for more than a few months at minimum wage, I got news for you - it's not the system that's flawed - it's YOU. Your work and your skills are apparently not in high demand, or are not of good quality, or you're underemployed and seriously need to get out and find a better job. Don't tell me you can't do that - if you truly can't, then maybe your skills really ARE only worth minimum wage and you need to embark on a quest of self improvement.
Get real. Only 5 percent of American workers make minimum wage. That means 95 PERCENT of Americans make more than minimum wage. If you're not in that 95 percent, the problem probably lies with you.
Where I work one-third of the employees have college degrees. All of us earn within a few cents of minimum wage. There's something wrong with all of us?
Safety standards? Fire codes? What standards do you want to relax?
So freemkt, why hasn't the free market flooded the country with inexpensive homes that people can afford? That is what capitalism teaches us -- if there is a demand, someone will rush in to fill it.
land, labor and materials cost is why. All the demand in the world won't help if the cost to build it is expensive.
I can't think of anything I buy that is produced, distributed, or sold with minimum wage labor.
Do you shop at a grocery store? Walmart? Bookstores, gamestores, amusement parks, restaurants, Walgreens, gas station, Home & hardware stores, anything packaged in plastic, etc. All of these types of companies employ min wage labor somewhere in their supply chain.
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