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The idea behind raising the minimum wage is to provide those who work enough money to cope with inflation. However, minimum wage also contributes to inflation. A rise in minimum wage contributes to the unemployment of minimum wage and some times none minimum wage workers - and this happens regardless of the location.
http://biz.yahoo.com/ap/080712/all_business.html |
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I mean by that - every time minimum wage is increased the value of what I earn is decreased. I have worked hard to make it to the level I am at and fought for my increases. Each time the government forces a higher minimum wage costs go up and I have less discretionary money to spend.
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Im a Tarte, what! you want some of this! There is no true opposition between liberty as such and control as such, for every liberty rests on a corresponding act of control. The true opposition is between the control that cramps the personal life and the spiritual order, and the control that is aimed at securing the external and material conditions of their free and unimpeded development.. L. T. Hobhouse |
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The effects of a raise in minimum wage depend in no small part on the general availibility of crap jobs.
As is we have to bring in scores of illegal immegrants to fill them. If minimum wages don't at least rise with inflation it's roughly the same as phasing them out over time. And much as decried here they've been adopted by nearly every country on the planet (that doesn't already pay everyone the same or something like that). |
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Was the "Dumbies" spelling intentional? If not, that would be sweet irony.
If you don't keep minimum wage close to a living wage, then more people will just suck on the govt teet. We've had min wage for most of the last century, arguably the greatest century of any country ever. A fair wage didn't hurt anything, I'm sure I can find some charts argueing whichever way you choose. If a company cannot pay at least the min wage, tuff, you don't need that worker then. |
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we have a few folks on this site from down under. Australia's minimum wage is considerably higher than that in the USA. wonder what the implications have been for the aussies ... any of you care to comment:
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Who did you have to "fight" to get your increases? |
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Few companies pay minimum wage, and when they do it's because they can't get away with it. McDonald's would pay more if they didn't have a work force that would accept minimum wage. The company in my article was considering raising prices - not cutting workers. |
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