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The country is full of Varuca Salts. This is widespread and certainly does not apply only to those starting out. Much like the original Varuca those at the top are the real offensive ones.
It's no longer acceptable to put your money into the markets and put it to work and watch it grow over time. It has to create you vast riches right now and when it doesn't the markets stomp their feet and demands that the government do something.
When you pay an unskilled worker $15/hour to park cars it certainly is.
Where is a car parker making $15 an hour? Where is $15 dollars an hour the minimum wage?
There is a wide range between $7.25 and $15.00. In the last 30 years, the MW went from 4.35 to 7.25. Lets wait another 30 years for the MW to be near $11 an hour.
What do you think will happen when companies are forced to pay higher wages?
They will adjust to protect their bottom line. Hire fewer employees, raise the price of the merchandise, hire illegals who are willing to work for less.
Illegals working at Walmart, McDonalds or other burger joints? Not around here.
The time to think about minimum wages is when you're jerking around in high school. Remember "Scared Straight" when they took those kids to prisons and let the convicts scare the bleep out of them? Maybe it's time to take the preteen slackers on a field trip to minimum wageville and let the older workers tell the kids how they screwed up in school and with whom they hung around and wound up where they are now in life.
You bring up -- as you often do -- an interesting point.
I like the concept of a "Financial Scared Straight" program so much that I've used it on my kids for years. Schools don't teach the concept of "wages, income, savings, opportunity costs, etc." for whatever reason, and I think that's a massive disservice. In the last 20 years (since my kids were little), schools have been more obsessesed with EOG ("end of grade") testing, etc, as we win that "Race To The Bottom" by "Leaving No Child Behind".
Unfortunately, schools would likely botch what you are proposing, or water it down with PC so much that it wouldn't be worthwhile. I remember discussing the perils of minimum wage with my son when he was around 12. It was after Katrina destroyed an area that is surrounded by water on three sides, and gas prices shot up literally overnight due to "pipeline issues". I remember asking my son what happens when your minimum wage income stays the same, but gas prices increase sharply. His response still makes me shake my head to this day:
Apparently Americans have not been working hard in the past three decades.
Let's see ... three decades, that would take us back to 1984. Ronald Wilson Reagan was President. Reagan's economic policies brought us 96 straight months of economic expansion. I was doing very well in those days, and so were many others. Unemployment was low, too. Reagan brought us out of the Carter years of a stagnant economy. Business was booming.
The problem we have today isn't that the minimum wage needs to be raised. Our problem is a stagnant economy, caused by Obama's failed economic policies, and especially ObamaCare, which raises the cost of doing business substantially. Businesses can't hire, let alone pay higher wages, with so much uncertainty.
If we had an expanding economy, there would be more opportunity for people at all income levels.
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