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By the time you reach 65, you have had an entire lifetime to prepare for a life with no income. Your savings and investments should be funding your retirement. The majorityof the actual "wealth" in this country is controlled by SENIORS. If you retire with nothing, then you have no one to blame but your own poor choices. You should have skipped those trips around the world or stopped bailing out your deadbeat kids.
This majority of actual wealth is held by relatively few individuals. That wealth includes the holdings of most U.S. billionaires.
A heck of a lot of folk never made enough to keep their head above water, let alone plan for retirement. And they certainly were not traveling the world or bailing out their kids, no different than the WW2 generation that preceeded them.
Government intervention did more than anything else to lift people out of poverty and into the middle class. Nations with minimal/no government intervention tend to be third world with the greatest income inequalities amongst their populations.
It will only affect less than 5 % of workers since a lot of states already have higher minimum wages than are federally mandated. That's not going to make "costs for everything rise." Most jobs in the U.S. are not union jobs, I believe it's around 10 %.
So you think that minimum wage jobs exist in a vacuum, and that raising that minimum wage isn't going to affect other jobs and the economy as a whole?
The current federal minimum wage is $7.25 per hour. What happens to the people who have been working for a year or two, and have recently been promoted to a position that pays $8.75 per hour, when the starting wage is increased to $9.00? Well, of course those people are going to feel that they should get paid more than the new hires in those starting positions, right? To keep them at the same percentage above the starting wage, you need to increase those $8.75 jobs to about $10.80. That increase will work it's way up the ladder. What about the company that already pays more than the minimum wage because they know they will attract & retain better and more reliable employees that way? To continue attracting those better employees, will they not have to increase their wages as well? All those increases come out of the business's bottom line. The cost of the goods being produced or the service being provided goes up. that increase is almost always going to be passed on the the consumer in the form of a higher price for the product or service. Why do you think this will not happen?
The only people that should be qualifying for food stamps are those that have ZERO job only. If you can't survive on $7/hr then you should be sharing your living space.
That's your point of view. We all have should be's.
Low income people have been qualifying for Snap benefits since the program began. I have no recollection of any bill that sought to limit eligibility to people with no income. Do you?
Assuming such a bill was introduced it apparently died due to lack of bipartisan support.
Free public libraries holding information on any subject you can think of studying. No need to thank me.
It should work that way, but it doesn't. Information and skills you teach yourself are not admissible in the court of job interviews. It doesn't matter what you know, it matters who you can get to sign off on your claim of knowing something.
You are not responsible or smart enough to have a wife and 2 kids if you think minimum wage is going to be enough to support your family.
If you can only get a minimum wage you shouldn't be starting a family.
I agree,
Quote:
Originally Posted by Mashed Potatoes
Well last night the dumbass called for raising the minimum wage to a "livable wage".
Where do these morons get the notion that minimum wage is meant to be a living wage? It is an ENTRY level wage, it's not something meant to support your family on.
Minimum wage is for low to no skilled workers, nothing more nothing less. This is just another tactic designed to increase the costs incurred by business owners and will result on a net loss of jobs if this jackass gets his way.
Oboma care and a desire to increase the minimum wage is anti business and will drive up inflation for everyone.
If the minimum wage goes up as it does the rest of us just took a pay cut.
So you think that minimum wage jobs exist in a vacuum, and that raising that minimum wage isn't going to affect other jobs and the economy as a whole?
The current federal minimum wage is $7.25 per hour. What happens to the people who have been working for a year or two, and have recently been promoted to a position that pays $8.75 per hour, when the starting wage is increased to $9.00? Well, of course those people are going to feel that they should get paid more than the new hires in those starting positions, right? To keep them at the same percentage above the starting wage, you need to increase those $8.75 jobs to about $10.80. That increase will work it's way up the ladder. What about the company that already pays more than the minimum wage because they know they will attract & retain better and more reliable employees that way? To continue attracting those better employees, will they not have to increase their wages as well? All those increases come out of the business's bottom line. The cost of the goods being produced or the service being provided goes up. that increase is almost always going to be passed on the the consumer in the form of a higher price for the product or service. Why do you think this will not happen?
I like the way you framed this, Bill. I think many who advocate for increased minimums think, for example, the Walton family is going to take it out of their pocket, instead of increasing prices.
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