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Gotta be higher than that. A single worker's wages should be high enough to support 2 people at least. Then a couple can support 2 children, or a single worker can support someone unable to work. And the wage has to be higher than just the basics for everyone. Otherwise, we fail.
I disagree. I think it should be just enough to support one person. People on minimum wage should improve their earning potential if they want to start a family.
Great! Because the attacks on the working American havent been bad enough the past few decades, lets just turn them into indentured servants! It's not demand for skill that's at work right now, it's demand for jobs, and right now people would take half of minimum wage most likely if it meant having a job. Throwing the last remaining pieces in business's court is certainly the worse of two evils.
Paying tribute to ceasar is what has made us all indentured servants.
But you are half correct, if abolished, new jobs would be created that would pay less then min.wage.
Those working for minimum wage now, most likely would not be impacted.
Are you afraid of unemployment figures improving and slaves leaving the government plantation?
The ONLY thing that min wage does is set a index point for other jobs. It doesn't matter if you set the min wage at $0, $7.50 or $150 per hour. All the other jobs and the value of the dollar would adjust so those making min wage would still have a true income that matches their worth. Unemployment would go up in the short term until things leveled out.
Indexing the min wage to COL is an EXTREMELY bad idea. All it does is lead to higher inflation.
It beats watching it raised several times the COL rate. And it would freeze it at $7.25 for many years to come, as 5% is not going to happen in the near future.
Whatever people will accept. The minimum is nothing more than benchmark for what minimum wage work is worth in dollar values.
If you raise the minimum from $7.50 to $10 then the $10 worker is now $12.50, $12.50 is now worth $15.00...
The $7.50 McDonald's meal goes to $10, the $10 meal at the local restaurant now cost $12.50 and the $12.50 meal at a nicer restaurant rises to $15.00
Nobody went anywhere....
I think you are overrating how much min wage will affect prices. Min wage has barely gone up but prices has raised quite a lot. Most studies I have seen say raising the min wage a dollar or two will not raise prices that much.
Most studies I have seen say raising the min wage a dollar or two will not raise prices that much.
Most studies do not take into account pay increases across the board, it's not just the minimum wage that increases. If you're making $10 becsue the value of your work is more than minimum and the minimum is increased to $10 are you going to accept minimum? Of course not and you shouldn't, that ripples through the entire workforce. Everyone's pay scale increases and that drives cost up across the board.
If you are making minimum and want to increase your purchasing power you can't simply increase the minimum wage, you need to increase the value of your work.
i think that it should be up to the STATES to determine what the minimum wage, if any, should be in that particular state. the problem with a federal minimum wage law is that it is one size fits all, and that doesnt work.
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