Raising a family on minimum wage? (Congress, salaries, speech, how much)
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The minimum wage was created in the early part of the 20th century. The purpose should change to fit 21st century standards.
With a higher minimum wage, there will be what is called “wage compression.” This is where workers at the new minimum wage level will suddenly demand that they be paid more because the unskilled worker is making nearly as much as the skilled worker. There will be pressure to bump up the pay of the skilled worker so that the “reward” is greater than what the minimum wage earner is getting.
With a higher minimum wage, there will be what is called “wage compression.” This is where workers at the new minimum wage level will suddenly demand that they be paid more because the unskilled worker is making nearly as much as the skilled worker. There will be pressure to bump up the pay of the skilled worker so that the “reward” is greater than what the minimum wage earner is getting.
Basic economy doesn't change.
Workers can demand all they want, I've had jobs where I *didn't* get a raise when the minimum wage went up. Nobody is entitled to a raise if they were already earning more than the new minimum wage.
Workers can demand all they want, I've had jobs where I *didn't* get a raise when the minimum wage went up. Nobody is entitled to a raise if they were already earning more than the new minimum wage.
There will be pressure to bump up the pay of the skilled worker so that the “reward” is greater than what the minimum wage earner is getting.
Workers can demand all they want, I've had jobs where I *didn't* get a raise when the minimum wage went up. Nobody is entitled to a raise if they were already earning more than the new minimum wage.
This right here. No one is entitled. There should be no set minimum wage. Let the free market rule what a mans labor is worth. We don't need government involvement in this at all.
This right here. No one is entitled. There should be no set minimum wage. Let the free market rule what a mans labor is worth. We don't need government involvement in this at all.
I think minimum wage is a cost we pay for excessive housing regulation which makes housing unaffordable. I would tie the two to each other; in order to get to a free market in labor, we need a free market in housing.
With a higher minimum wage, there will be what is called “wage compression.” This is where workers at the new minimum wage level will suddenly demand that they be paid more because the unskilled worker is making nearly as much as the skilled worker. There will be pressure to bump up the pay of the skilled worker so that the “reward” is greater than what the minimum wage earner is getting.
Basic economy doesn't change.
There is nothing wrong with this "wage compression". The only losers are those at the very top which might have to decrease slightly their salary. Everyone else gets a bump.
This right here. No one is entitled. There should be no set minimum wage. Let the free market rule what a mans labor is worth. We don't need government involvement in this at all.
Workers can demand all they want, I've had jobs where I *didn't* get a raise when the minimum wage went up. Nobody is entitled to a raise if they were already earning more than the new minimum wage.
you are correct,.... nobody is entitled, nor should they be
but higher SKILL DEMANDS higher pay
why should a SKILLED mechanic, end up being paid the same as an UNSKILLED floor sweeper
min wage hurts more people than it helps
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