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Is it the fault of the life raft that the Titanic sunk
Today upwards of 40% of people are trying to use minimum wage jobs to sustain a family. The fact is. . .that isn't how it always was. These jobs were -at one time - mostly used by teens or college students or secondary income (teens is just a small sliver)
Upping minimum wage (or having one) is a bandaid for cancer. Your not addressing the true issue
why can't these guys get the education, training, and capability to do a job that takes more skill/expertise than a teenager or non-english speaker
I do not think the solution here is to raise the wage
it is to provide better transition and education
People shouldn't be raising families on a minimum wage job, but its not wal-marts fault these people come to wal mart for a job. walmart shouldn't be out of pocket because they are the ONLY ones who hire these people
As I said before there has been some muddying of the waters in recent years regarding economists views of the minimum wage. But still Krugman's view of it is in the minority. Most still adhere to the standard model. I doubt that there is no evidence of job loss from states with high minimum wage.
I live in WA, which has the highest minimum wage of any state at $9.19. Idaho next door uses the federal minimum of $7.25. Their unemployment rate is invariably lower than ours, even though we have a more diverse economy (Boeing, Microsoft, Amazon, etc), several ports, and other advantages.
Thus I would disagree with Krugman that there is no evidence of effect from state to state.
The above (see bold area) undercuts your assertion.
Hardly. There will be some short-termers in the population, and they will temporarily skew the demographics, but they are not the problem. The problem is too many have wanted the nanny statists to overcome their own lack of motivation.
Is it the fault of the life raft that the Titanic sunk
Today upwards of 40% of people are trying to use minimum wage jobs to sustain a family. The fact is. . .that isn't how it always was. These jobs were -at one time - mostly used by teens or college students or secondary income (teens is just a small sliver)
Upping minimum wage (or having one) is a bandaid for cancer. Your not addressing the true issue
why can't these guys get the education, training, and capability to do a job that takes more skill/expertise than a teenager or non-english speaker
I do not think the solution here is to raise the wage
it is to provide better transition and education
People shouldn't be raising families on a minimum wage job, but its not wal-marts fault these people come to wal mart for a job. walmart shouldn't be out of pocket because they are the ONLY ones who hire these people
Digging deeper, we find that their source was BLS data from 2011 (it was linked in his article, in the paragraph that cited the 12% number).
In that source article, it's claimed that "workers under age 25 represented only about one-fifth of hourly-paid workers, they made up about half of those paid the Federal minimum wage or less."
So half of minimum wage workers are 25 or younger. Exactly the people who should be holding those jobs.
We also find that "[a]mong employed teenagers paid by the hour, about 23 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over."
So of those over age 25, only about 3% are earning minimum wage.
That's a very important statistic in this debate, so I'm going to repeat it.
So of those over age 25, only about 3% are earning minimum wage.
Pretty much blows away the entire argument of the "living wage" crowd. Thanks for the link that led to that data - I've bookmarked it for future use. Basically, you've ended the debate, however unintentional it may have been.
I don't think libraries charge for books or the Internet. Plus most jobs, even the minimum wage jobs, provide on the job training.
I am not sure how many of you having dealt with people working at the minimum wage. I highly suggest you to deal with some of them and then you understand why they are paid at that level.
I think don't even bother with education. Just teach people the basic work ethics. It would help majority of them to move away from the minimum wage. Believe it or not, people need to be taught just to show up on time.
Personally, I think there should be no wage at all unless one is an executive manager. It is your duty as a productive US citizen to contribute to the well being of society by A) working as hard as possible to increase productivity, and B) sacrificing compensation for the betterment of your executive management team. They will then help society by spending all that money on goods they consume, and also reinvest it in other ventures, leading to more employment. Your corporate overlords were very gracious in extending an offer to employ you at all, so be thankful and don't get cocky. Remember, they don't need you, their success, and thus the rewards of it, rest entirely upon their own shoulders. Bank on it, citizen.
Just a simple question hopefully to help you understand.
Why do companies move jobs to places like India or China? The answer is "cheaper labor cost."
So if that's the case, how does raising the minimum wage help anybody?
Fast food jobs can't be moved to India or China.
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