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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![]()
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 payMinimum 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
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.
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
Elevator operators? Do we actually need someone to push a button for us?
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?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?
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.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?
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?No, my post pushes the reality that the minimum wages restricts business from employing more, not paying more. However did you reach that conclusion?
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.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.
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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.
So to be clear would you prefer that the minimum wage be abolished?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.
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.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?