Minimum wage should match cost of living!

YEAH! It would be kind of amusing to see Saltine crackers on sale at the store for three hundred thousand dollars a box. Who do you think they would put on the one billion dollar bill they would need to start printing?

I'm no student of economics, but it is pretty much common sense to anyone who knows basic capitalist principles. Some of the posters here don't seem to know those.

 

Very well explained. It is similar to the compounding that happens when gas prices go way up. I was trying to explain this to some people a while back and they did not understand. Maybe this is a difficult concept for people to get.

 

That was actually going to be the question I was going to ask.

 

Most ppl don't get this concept unless they go to college and take economics. Otherwise we would never have this stupid discussion asking to raise the wage.

 

They don't even need that. Anyone who has ever worked in a low wage/low profit business like a fast food restaurant that is heavily reliant on food commodities or other basic commodities and watched your profit margins rise and climb commensurate to labor costs knows this instinctively.

It isn't any coincidence that when the minimum wage went up this last time, value menus disappeared.

 

Stop spamming.

 

Yes I would...Just as the declaration of independence says we should if the government stops properly represeneting the people, which it has not done in years...

 

The point is you are claiming that every single conservative is like that. That is nbot true.

 

You mean, they don't represent YOUR people. They represent the mainstream of America just fine. Sorry they disagree with you.

 

Cost of living is the average cost of food, shelter, medical treatment and all other essential living expenses, including water, heat, and other bills.

 

You were a victim of this yet you survived...infact you must be so busy working trying to "survive" that you have the spare time of posting on a forum to complain about it

What makes you think you are entitled to heat and air conditioning...if you want to afford it, get another job. If not then wear a coat in the winter and get a fan for the summer.

Whats the problem?

Manager become what they are, because they work harder...if they didn't they wouldn't be a manager and would be complaining instead of working like yourself. Not to mention but if you were paid higher and would spend on heat/ AC than it would cause inflation and your prices would go up and therefore eliminate the benefits of a higher wage.

 

The whole point is making sure that everyone can earn enough to survive...If you make above the new minmum wage (Which would be based on cost of living) then you dont need a raise and if you want one you can work harder to earn it.

 

yea...living on a budget does not help when you are not paid enough to pay off basic essential bills like Heat and AC....

 

Walmart pays mimmum wage to pretty much everyone......no matter how long they've been working. Walmart's big secret to low prices is paying them employees like (*)(*)(*)(*). The people who run the company are too lazy and stupid to come out with different ideas of how to cut costs.

 

I did not have a car because I could not afford the payments along with all of the other bills i had, I have no credit debt. and the reason I didn't have a roommate is because I lived in a studio apartment and the landlord did not allow more than one person in a studio. I did look for a second job, but no one was hiring at that time. I had no internet, phone or tv, and I did eat alot of ramen...and not the good kind...those 30 cent noodle cups.... and I ended up going to the emergency room several times from lack of nutrituian from eating nothing but noodle cups for months on end....

 

Really...last time I checked they represent the ricest 2% and no one else...

 

BS. Between 1978-1988 I worked my way up from 3.75 per hour to 10.00 per hour. During this time I got married, had two kids, bought my first home(mobile), then bought a 3 bedroom house.

I worked a lot of overtime to get what I wanted. My wife was a stay at home mom until our kids went to school. After learning my trade, I went in business for myself in 1988.

I was glad to have work. Minimum wage was never a thought on my mind because I knew it was temporary and that overtime could help pay the bills.

Minimum wage is rediculous because it does not provide anymore affordability. It is nothing more than a government blow job.

 

People on minimum wage earn enough for a couple to survive just fine. Minimum wage is almost exactly the poverty level for a family of 2 - which by definition is enough to survive on.

Regardless, very few people are trying to support a family on minimum wage. Most minimum wage earners are single people just starting out, not family breadwinners.

Raising minimum wage destroys jobs and drives up prices - in the end it makes the lives of people it was supposed to help even worse than they were before the increase.

 

The minimum wage should be eliminated , it's a major cause of unemployment, especially for teens.

 

To those that state the minimum wage should be abolished:

You have to look at more than just the business aspects of this.

You can't treat everything like a business. People are more than just tools. Do you really think people in the USA are going to just roll over and live like a 3rd world country? I don't see that happening.

Both sides need to compromise to avoid total collapse. I understand I'll never be rich, I just don't want to get poorer while having to work harder. But businesses don't seem to be make many, If any compromises.

If all we are looking for is efficiency, We need to start killing the poor and those that don't contribute all of their time/effort to the greater good, Before they gather and overthrow the people that helped lead them to their fate.

Thank you for your time.

 

The plight of the poor rests at the door of the state.

 

Everyone in this thread that thinks increasing minimum wage has an adverse effect on employment levels or prices doesn't know what they are talking about. Any one arguing against minimum wage increases is trying to use common sense but fail to use all variables involved. They over simplify the equation by trying to eliminate all variables, but they don't take account some very important variables.

Just a few years ago, economist were able to see directly what the impact of increasing minimum wage would cause. The minimum wage in New Jersey was raised while it stayed the same in Pennsylvania. According to conservative ideology, this would mean that business in New Jersey would become less profitable, and therefore need to close down and move to Pennsylvania. What actually happened was the opposite. Economist looked at fast food companies and retail stores in the areas off a border city and found that the business in New Jersey actually were able to increase profits. While the business in Pennsylvania stayed the same.

Economist are still studying exactly why, but the belief is that because people had more to spend, they actually increased the profits of business in New Jersey. People who argue against raising the minimum wage often commit this falacy of oversimplifying problems. In logic courses, this falacy is called Hasty Generalization.

Here, if you are inclined to learn something rather than spout non sensical uninformed garbage.
http://www.swcollege.com/bef/policy_debates/increase_minimum.html

 

I wouldn't even bother for seven bucks these days not even worth my time.

 

Work hard and become a manager.

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You would if unemployment wasn't available.

 

The plight of the poor rests on their own door.