Maryland and $10/hr minimum wage

Who_Dun_It

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I'd have no problems with it, if their gas prices are like ours, just getting to and from work is expensive even if you make only a little more than $10/hr, don't even want to think what it would be like at previous jobs that I've had that were in the $4.25-$9.50/hr rates:eek: This would at least give employees money to spend on things like food and clothes and such too!
 

Dakota Kid

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Honeymustard.......$10/hr isn't enough to live on! Come on, that's only $20k per year......still poverty level. They ought to make it $20/hr so they can at least join the bottom rung of the middle class! And that would mean more income tax for the feds too.....win/win all around! Instead of the Maryland lawmakers just tip toeing around and sticking their toe in......go ahead and grow some cajones' and jump on in :cool:
 

TheBestYouCan

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Minimum wage laws are terrible ideas all around and contribute to the overall unemployment rate.

1. Minimum wage means companies can afford to employ fewer people = more unemployment

2.Higher minimum wage = higher product cost = higher consumer price index = constant need to raise minimum wage to keep up

3.Minimum wage = jobs that would allow otherwise unskilled workers to acquire work experience to be eliminated. Ever wonder what happened to Gas Station attendants, bell hops, elevator operators etc? Minimum wage happened.

If you decide to reply to this with "But minimum wage isn't currently enough even be above the poverty level, can't live on it, etc" refer back to #2.

http://reason.com/archives/2012/10/25/poor-policy
 
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h0neymustard

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Honeymustard.......$10/hr isn't enough to live on! Come on, that's only $20k per year......still poverty level. They ought to make it $20/hr so they can at least join the bottom rung of the middle class! And that would mean more income tax for the feds too.....win/win all around! Instead of the Maryland lawmakers just tip toeing around and sticking their toe in......go ahead and grow some cajones' and jump on in :cool:

I can't believe you guys hate the poor so much.
 

StormfrontFL

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Minimum wage laws are terrible ideas all around and contribute to the overall unemployment rate.

1. Minimum wage means companies can afford to employ fewer people = more unemployment

2.Higher minimum wage = higher product cost = higher consumer price index = constant need to raise minimum wage to keep up

3.Minimum wage = jobs that would allow otherwise unskilled workers to acquire work experience to be eliminated. Ever wonder what happened to Gas Station attendants, bell hops, elevator operators etc? Minimum wage happened.

If you decide to reply to this with "But minimum wage isn't currently enough even be above the poverty level, can't live on it, etc" refer back to #2.

Poor Policy - Reason.com
Yeah, if the minimum wage is eliminated we all know that those wonderful, loving corporations will then begin paying their employees twice the amount they currently pay:rolleyes:
Elevator operators? Do we actually need someone to push a button for us?
 

D_Buzz_Khut

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Well right now minimum wage in MD is $7.25... If they raised it to $10 that would at least help a lot of people in the long run, even though I think it should be more around $12.
 

TheBestYouCan

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Yeah, if the minimum wage is eliminated we all know that those wonderful, loving corporations will then begin paying their employees twice the amount they currently pay:rolleyes:
Elevator operators? Do we actually need someone to push a button for us?

Simply waving the magical government wand and mandating that companies pay people an arbitrary amount of money not based on the value of the service rendered to the company, but on what a government planner thinks they should be paid does nothing constructive in the long term, negates mutual and voluntary contracts between people, and instead of helping out the poor, it makes less jobs available as I demonstrated in my previous post.

The Minimum Wage Mirage - Reason.com
 

StormfrontFL

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Simply waving the magical government wand and mandating that companies pay people an arbitrary amount of money not based on the value of the service rendered to the company, but on what a government planner thinks they should be paid does nothing constructive in the long term, negates mutual and voluntary contracts between people, and instead of helping out the poor, it makes less jobs available as I demonstrated in my previous post.

The Minimum Wage Mirage - Reason.com
Your post pushes the assumption that the minimum wage restricts businesses from paying more. Employers are happy to pay the least they can so without a mandated minimum it's a sure bet that people would be seeing $2 and $3 jobs. Have you forgotten that businesses have been shipped overseas because they can get away with paying pennies a day to workers?
 

TheBestYouCan

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Your post pushes the assumption that the minimum wage restricts businesses from paying more. Employers are happy to pay the least they can so without a mandated minimum it's a sure bet that people would be seeing $2 and $3 jobs. Have you forgotten that businesses have been shipped overseas because they can get away with paying pennies a day to workers?

No, my post pushes the reality that the minimum wages restricts business from employing more, not paying more. However did you reach that conclusion?
 

Dakota Kid

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Your post pushes the assumption that the minimum wage restricts businesses from paying more. Employers are happy to pay the least they can so without a mandated minimum it's a sure bet that people would be seeing $2 and $3 jobs. Have you forgotten that businesses have been shipped overseas because they can get away with paying pennies a day to workers?
Stormfront, what you are failing to address is who is going to work for $2 an hour? If a person has any work skills whatsoever or half a brain in his/her noggin, then they can get a job that pays above the current minimum wage pretty easily. Those that take the minimum or sub-minimum pay you talk about have absolutely no marketable skills. That low paying job is only a stepping stone to higher paying ones. I get so tired of hearing the nonsense that a minimum wage job won't support a family.......IT'S NOT SUPPOSED TOO! It's a starting point to gain working experience and knowledge......much the same way an internship works for a college kid.

.
 

StormfrontFL

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No, my post pushes the reality that the minimum wages restricts business from employing more, not paying more. However did you reach that conclusion?
So you are okay with doubling the number of people working by reducing the amount a business must pay them? Eliminate the minimum wage and the 20 people in a store that were previously paid $7.50/hr would gain 20 new co-workers and all 40 can now enjoy being paid $3.75/hr. More people working but all still unable to make ends meet. Ask anyone who works for minimum wage and they will tell you that they would rather make what they are currently making before having their workload halved along with their current pay. What does it matter as long as profits are still high and the CEOs standard of living isn't affected?

You answered your own question. The minimum wage keeps employers from paying near slave wages. Eliminating the minimum wage would just increase the divide between haves and have nots.
 

StormfrontFL

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Stormfront, what you are failing to address is who is going to work for $2 an hour? If a person has any work skills whatsoever or half a brain in his/her noggin, then they can get a job that pays above the current minimum wage pretty easily. Those that take the minimum or sub-minimum pay you talk about have absolutely no marketable skills. That low paying job is only a stepping stone to higher paying ones. I get so tired of hearing the nonsense that a minimum wage job won't support a family.......IT'S NOT SUPPOSED TOO! It's a starting point to gain working experience and knowledge......much the same way an internship works for a college kid.

.
Tell that to one of the girls who works under me. She has her degree and has been unable to find positions that would pay her more. She works for $8.50/hr.
Thanks for letting me see which side you will ally yourself with in a battle between the haves/have nots. You assume that a person who works for minimum wage doesn't desire a higher paying job. Ever hear that sometimes you have to take what you can get?
 

TheBestYouCan

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So you are okay with doubling the number of people working by reducing the amount a business must pay them? Eliminate the minimum wage and the 20 people in a store that were previously paid $7.50/hr would gain 20 new co-workers and all 40 can now enjoy being paid $3.75/hr. More people working but all still unable to make ends meet. Ask anyone who works for minimum wage and they will tell you that they would rather make what they are currently making before having their workload halved along with their current pay. What does it matter as long as profits are still high and the CEOs standard of living isn't affected?

You answered your own question. The minimum wage keeps employers from paying near slave wages. Eliminating the minimum wage would just increase the divide between haves and have nots.

Again, this is a basic lack of understanding of economics and market principles and has no basis in reality.

How does the government come up with what minimum wage should be? Is it based on value of services rendered or just plucked out of the air?

How do employers decide what wages (above minimum wage) they pay employees?

What does dictating what a private business pays a private individual do to the cost of the things that individual produces or the services they provide?

Does an increase in the consumer price index cause one's wages to buy less? Does increasing the minimum wage cost things to cost more thus requiring minimum wage to rise? Where does that end?

Who are the majority of people in the US operating on minimum wage jobs? Adults with families or teenagers?

Wanting people to be able to provide for their families is a noble cause. However, legislation like minimum wages only means less people have jobs, can get skills, and raises the prices of everything, creating a never ending cycle.

Minimum Wage Laws Worth a Read

http://www.youtube.com/watch?v=ca8Z__o52sk Economist Milton Friedman in a very short clip explaining it very adeptly.
 
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StormfrontFL

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Again, this is a basic lack of understanding of economics and market principles and has no basis in reality.

How does the government come up with what minimum wage should be? Is it based on value of services rendered or just plucked out of the air?

How do employers decide what wages (above minimum wage) they pay employees?

What does dictating what a private business pays a private individual do to the cost of the things that individual produces or the services they provide?

Does an increase in the consumer price index cause one's wages to buy less? Does increasing the minimum wage cost things to cost more thus requiring minimum wage to rise? Where does that end?

Who are the majority of people in the US operating on minimum wage jobs? Adults with families or teenagers?

Wanting people to be able to provide for their families is a noble cause. However, legislation like minimum wages only means less people have jobs, can get skills, and raises the prices of everything, creating a never ending cycle.

Minimum Wage Laws Worth a Read

Milton Friedman on Minimum Wage - YouTube Economist Milton Friedman in a very short clip explaining it very adeptly.
So to be clear would you prefer that the minimum wage be abolished?
Please go ahead an tell us how this will make things better

Top Three Myths Conservatives Use To Oppose Increasing The Minimum Wage | ThinkProgress
 

TheBestYouCan

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Point 1 in your article (I actually read it, don't know if you are reading mine based on your responses) is easily refuted. Of course employment rose in states that increased their minimum wage... because people from other states move there to take advantage. That doesn't mean the jobless rate overall decreased as a result.

Point 2, again, easily refuted (and is also not a counterpoint to any that I have made thus far). The claim that "big companies are making profits and can afford to pay more" negates any consideration of what "paying more" would result in for the products and services those companies produce. Just about every company can pay more, but at what cost?

The 3rd point actually proves my point. The majority of minimum wage workers are not teenagers because teenagers have been priced out of the job market by minimum wage.

I already have demonstrated how it would make things better. I'll keep posting evidence by economists if you wish.

Ludwig Von Mises - Minimum-Wage Rates - Ludwig von Mises - Mises Daily
 

Dakota Kid

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You assume that a person who works for minimum wage doesn't desire a higher paying job. Ever hear that sometimes you have to take what you can get?
Storm, you're proving my point. I am saying a minimum wage job worker desires a higher earning job. The minimum or low paying job is just a starting point. It's how you gain a work ethic and experience. Of course everyone wants to move up.....that's the American dream. But you don't start at the top.

The first job I ever had was sweeping the shop floor in a construction company when I was 14 yrs old back in the 70's during the summers. I made $10 for sweeping the whole shop, which came out to less than $2/hr. Once I got my driver's license, I was the gopher running for parts. Once I turned 18, I started laboring in the field making a bit over minimum. Once I proved myself, I was payed more and was soon running a crew. Once I made more, I started evening classes at an engineering university, busted my ass and got my bachelors in 6 and a half years including Summers. I now own the company. Some folks want something for nothing.....others take pride in earning it. There's a young man that I hired about 6 yrs ago that had been working at a landscaping company. He wasn't making shit and had a bachelors degree. I hired him on at a small increase over what he was making. Since then, he's proved himself and is now making over 100k due to his work ethic and knowledge he's gained. In another 10 yrs when I retire, he'll be the next owner of this company.

Had I not started working that first job for below minimum wage, I wouldn't own my company now. Had the young man I hired not taken the cheap job at the landscaper, I never would have hired him and he would not be in the position to take over my company. And there are thousands upon thousands of other guys like me that work their way up. That low paying job is just the first step of many towards the American dream. Some take that first step up the stairway.....while others think the world owes them an elevator ride. I'll take my chances with the kid who takes the first step up the stairway every time :smile:

.