Because every time minimum wage goes up so does the price of EVERY product you use. EVERY SINGLE ONE. The companies don't just eat the change in the bottom line. Just like when taxes go up. YOU the consumer pays the difference.
Minimum wage jobs are set asides. NO ONE can live on minimum wage alone. You are not supposed to. Aspire to more and then WORK TO MAKE IT HAPPEN. Min wage is for students (who live at mom and dads house) and the seniors who want to work (but have income from retirement etc). It is for an entry level, no skill required job. Stick with it and aquire some skills and get a raise. Go back to school and get a raise.
The raise you get when min wage goes up (if YOU even see a raise) will be gone the first time you go to McDonalds. Or Walmart.
Min wage is not good for our country at all, and keeping it "going up" is very bad.
Tell me why the government shouldn't raise the minimum wage?
Heisenberg
2012/07/26 14:41:08
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Question Closed
Top Opinion
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Sheila 2012/07/26 15:13:58
The largest US employer ,Wall Mart, pays the majority of it's employees an hourly wage that keeps them and their families below the poverty level, making them eligible for taxpayer funded, food stamps, health care, and housing.
Wall Mart depends on the US taxpayer (well fair) to maintain it's work force.
A substantial raise from the present minimum wage, to a living wage would "flip that switch" and prevent Wall Mart and others from steeling from the US taxpayers and force them to bear the full expense of producing their profits.
Not to mention the improvement that would result to the standard of living of the workers.
Good topic, I like It.
If I may be allowed to provide an example, if an industry wide wage hike were imposed, it would effect all of our competition equally, (no negative impact) and more of our employees could afford our product, (more customers), and our work force would be healthier and happier, and contribute more in taxes. Win/Win/Win, did I count those wins correctly ?
The effect? Inflation.
Likewise, raising the minimum price of labor (plus the legal requirements to fire under-performing employees) will make employers even more hesitant to hire... especially inexperienced people newly added to the work-force.
And employers have only limited money, including the funds allocated to salaries. If employers have to raise their employees' salaries, their fixed budgets may force them to fire a number of them in order to stay on budget.
The effect of above consequences? Higher unemployment.
Remember the old American T.V.-programs where $500 could buy a house, where $0.50 was more than enough to buy a loaf of bread, a gallon of milk, and 12 eggs?
How about paying U.S. workers with Zimbabwean dollars? They would be millionaires easily!
Money is like train-tracks. It can be a useful unit of measure, but it can also be a hindrance by hiding the very thing it is trying to measure: buying power.
Don't get trapped by colorful slips of paper and thin disks of base-metal.
It all just appears to be glorified gambling, plus playing with dangerous fire (debt). If I were the dictator the world, the buying/selling of stocks and bonds would not exist and neither would central banks.
Let's face it if you are thinking of opening a business you are probably not hurting financially. So, if we scare all these people off and they decide to stay home and keep their money in the bank who ultimately gets hurt.
The American worker
I do; however, have a problem with greedy business owners who do exceedingly well while their workers can barely pay the bills and they act like giving an extra 50 cents an hour is going to bankrupt them.
Trust me, I have worked for a few of these guys and they ultimately drove me to join the military.
Hard to do much better than military officer pay in this recession - if you are looking for a way to beat the minimum wage bandwagon.
We don't really know who had what to do with 9/11. I'm not a 9/11 truther conspiracy theory nut job. It is pretty easy to see why we're still in BOTH countries nearly five years after Obama was elected.