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Old 07-12-2008, 03:26 PM
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Default Minimum Wage for Dumbies

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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Old 07-12-2008, 03:31 PM
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Not to mention that every time the minimum wage increases, salaried employees take a pay cut.
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Old 07-12-2008, 03:43 PM
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Quote:
Originally Posted by MasTequila View Post
Not to mention that every time the minimum wage increases, salaried employees take a pay cut.
Is that where they get the money? I always thought they tried to cut costs elsewhere. Of course, this has always been an assumption. I have never bothered to research that aspect of the minimum wage issue.
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Old 07-12-2008, 03:50 PM
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Originally Posted by SpankyTheWhale View Post
Is that where they get the money? I always thought they tried to cut costs elsewhere. Of course, this has always been an assumption. I have never bothered to research that aspect of the minimum wage issue.
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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Old 07-12-2008, 03:59 PM
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Quote:
Originally Posted by MasTequila View Post
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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Old 07-12-2008, 04:12 PM
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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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Old 07-12-2008, 04:23 PM
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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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Old 07-12-2008, 06:01 PM
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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:

Quote:
Australia's lowest paid workers have been awarded a wage increase of $21 per week.
The decision has been announced by the Australian Fair Pay Commission in Melbourne.
The award equates to approximately 57 cents extra per hour for minimum wage-earners, as the hourly rate increases from $13.74 to $14.31. ...
http://www.abc.net.au/news/stories/2...08/2297762.htm
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Old 07-12-2008, 06:21 PM
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Quote:
Originally Posted by MasTequila View Post
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.
Since the government so rarely increases pay at the minimal level area but CEO salaries have really went up in the last decade, could there be a possibility you could be blaming the wrong group for your problems?

Who did you have to "fight" to get your increases?
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Old 07-13-2008, 12:17 AM
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Quote:
Originally Posted by Joe1991 View Post
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.
You really have no business making fun of my spelling.

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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