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This question is not what your opinion on minimum wage is, but what your opinion is on the accuracy that today's minimum wage of $7.25 is below where it was when Harry Truman was in office.
I am voting mostly false, because minimum wage was only higher for a fraction of his term in office by a hair (2 cents). Additionally, most of the time minimum wage was considerably lower.
The good thing about a poll like this, it it's about whether or not obama lied, you don't need to read it, just vote yes no matter what the topic, and you will be correct...
There should be no minimum wage, let the market decide..
Opinion doesn't change facts. People's opinion used to be demons were the cause of infections, the fact is that microbes cause infections. No matter how strident the opinion....it doesn't change the facts.
Obama isn't even worth minimum wage. If Obama was working in the private sector, he would have been given his pink slip long ago. Tell dear leader it's time to pack his belongings and find another gig... It's just not working out.
The good thing about a poll like this, it it's about whether or not obama lied, you don't need to read it, just vote yes no matter what the topic, and you will be correct...
There should be no minimum wage, let the market decide..
I've tried to buy into that no minimum wage argument, but I just can't wrap my head around it; how exactly would the market decide that? There are people, including myself if I owned a business probably, that if presented with the choice to give my workers $7.50 an hour or $2 an hour, I would decide the lower wage. I understand that minimum wage isn't the best system, but I don't see how could say no minimum wage is better; maybe if it were to be eliminated back in the 50's and 60's for the sheer fact that economy was bustling, but to remove it now is only going to hurt many, many people. Present a viable alternative, I've said time and time again that the COL needs to be reduced to make the dollar a bit stronger so that $7.50 per hour is actually $7.50 per hour, but then again, we don't want deflation in our dollar either.
Its sort of a funny thought though, within the next few decades while we all complain about $15 being a high-minimum wage, it'll probably be like $20 or $30 per hour in the coming years. Here in Montgomery County, MD our min. wage is going up to $11 and some change by 2017, that's not a terribly high increase, but I also believe that we should reduce a few corporate regulations that are scaring our businesses into VA if we are going to raise the min. wage to $11 and some change.
I've tried to buy into that no minimum wage argument, but I just can't wrap my head around it; how exactly would the market decide that? There are people, including myself if I owned a business probably, that if presented with the choice to give my workers $7.50 an hour or $2 an hour, I would decide the lower wage. I understand that minimum wage isn't the best system, but I don't see how could say no minimum wage is better; maybe if it were to be eliminated back in the 50's and 60's for the sheer fact that economy was bustling, but to remove it now is only going to hurt many, many people. Present a viable alternative, I've said time and time again that the COL needs to be reduced to make the dollar a bit stronger so that $7.50 per hour is actually $7.50 per hour, but then again, we don't want deflation in our dollar either.
Its sort of a funny thought though, within the next few decades while we all complain about $15 being a high-minimum wage, it'll probably be like $20 or $30 per hour in the coming years. Here in Montgomery County, MD our min. wage is going up to $11 and some change by 2017, that's not a terribly high increase, but I also believe that we should reduce a few corporate regulations that are scaring our businesses into VA if we are going to raise the min. wage to $11 and some change.
Here is something you might try and wrap your head around. Let's say I am a major manufacturer and I am looking to build a new facility that will employ let's say 500 employees. I have a choice of whether to build it in Md. with a minimum wage of $11 or in Alabama where the minimum wage is $7.50. All other things being equal, and given that property is more reasonable in Alabama, where am I going to build my new facility?
This question is not what your opinion on minimum wage is, but what your opinion is on the accuracy that today's minimum wage of $7.25 is below where it was when Harry Truman was in office.
At best is it not a half truth that clearly distorts reality through omission of facts?
Only at a small point in time was Truman's minimum wage higher than Obama's. And even that is debatable as other inflation calculators show 1950 minimum wage being below $7.25 at $7.06. The Inflation Calculator
The average person Obama is speaking to walks away with the impression that minimum wage was higher in the 1940s and early 1950s....this clearly is not the case. Yet Obama's point is that people worked for a higher minimum wage back then (higher living standard), when by in large it was almost always significantly lower -- contradicting his point.
Hence Mostly False.
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