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Should we increase minimum wage again, I'm sure it was just a coincidence that people lost their jobs as wages went up?
Unemployment didn't rise in 2007 when the minimum wage went up.
And it didn't rise in 2008 in association with the minimum wage raise.
Unemployment was very low in 1996 and 1997 when the minimum wage went up.
Unemployment didn't rise in 1974, 1975, 1976, 1977, 1978, or 1979 when the minimum wage increased.
Nor did unemployment increase in 1965, 1967, 1968.
It didn't happen in 1956 or 1939.
You don't have to theorize about it, just look at a list of dates of recessions and a list of dates of minimum wage increases and you can see there is absolutely no correlation.
my answer for the OP's question is NO.
but let me re-instate it to you:
Instead of increasing minimum wages, there should more jobs available so people can have the ability to progress.
Ok, so maybe the question should hav been, should we decrease the minimum wage, so that there would be more jobs available?
No, but it should be tethered to some measures of cost of living, and it should be based locally not federally.
Here we totally agree. Minimum wage rates should be controlled state by state, not on a federal level. Its kinda crazy to think that minimum wage in NYC and Boise ID are the same considering the vastly difference in the cost of living.
Um, the minimum wage nationwide is $7.25, not just WV. Did you read the OP which says it went up to $7.25 in July"?
Texas was around 5 dollars when we first moved here. I was amazed at prices too. For instance, Taco Bell's menu deals (it was one among many price reflects I first noticed moving here as we stopped by one on our way in) were on average of anywhere from 2-3 dollars cheaper than in California.
The funny thing was, the wage they were paying at the place was 8 dollars an hour (I asked when there). So, they were 3 dollars an hour more (higher pay than California at the time), yet item priced much cheaper. When the legislation was being talked about, I noticed price increases with large bold increases shortly after the legislation passed.
Now the prices at this same location is within range of what it was when I left California (though now hearing through my family, the prices in CA are even a couple dollars more than they were then) and I have noticed a trend of price increases across the board here (rent, food, clothing, etc...)
It is still cheaper than California, yet I only think this is because California keeps raising their prices. Overall though, I believe it still remains cheaper even without that consideration, though not by as much as it did.
Coincidence? Possibly, but with my past experience concerning this (California had many self-initiated legislation concerning minimum wage over the years), I tend to think they are related.
Raise the minimum wage and you simply raise the cost of living of everyone and reduce the buying power of the lowest level by even more.
Well LaTeDa...You want to stick your Head in the Mud & believe Fed control it Fine. But maybe others would like to know!
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If you want to claim it was Bush, the tell me WHAT BILL he passed?
