jericho Posted February 20, 2014 Posted February 20, 2014 The Congressional Budget Office’s report that the wage hike could eliminate 500,000 jobs Those 500,000 will go from 7.00 an hour to 0.00 and hour. Do you all feel the same or think its good for the economy?
Jumper_Dad Posted February 20, 2014 Posted February 20, 2014 Yes it will cost jobs and those working will be forced to do more to make up the difference. I'm not 100% against raising the Minimum Wage, I just think it is irresponsible to raise it to over $10 in one fell swoop. The businesses being hurt won't be Walmart or Kroger or McDonalds as they will pay it and keep on rolling, those being hurt and in some cases destroyed will be small businesses that operate on very small profit margins. Biggest expense in most small businesses is wages...raise biggest expense and see how many go out of business.
Getslow Posted February 20, 2014 Posted February 20, 2014 I don't think raising the minimum wage is the right move at this time, just as jobs are beginning to recover. These aren't great jobs, but they're the first jobs that go when things get tight.
Getslow Posted February 20, 2014 Posted February 20, 2014 I'm not 100% against raising the Minimum Wage, I just think it is irresponsible to raise it to over $10 in one fell swoop. I thought that under the current proposal it's still incremental. It ends up at $10 over maybe a three-year period.
BaseballIsLife Posted February 20, 2014 Posted February 20, 2014 If you start cutting into the profit margins of the companies that operate mostly on minimum wage workers, two things are going to happen. Either their will be layoffs or prices will be raised. Most likely a combination of both. Raising minimum wage does nothing because inflation overtime will compensate and will not cut into those that are in poverty due to those adjustments.
Twotoplace Posted February 20, 2014 Posted February 20, 2014 Increase in minimum wage is needed. Gallup poll last year showed 7 in 10 Americans favored raising the minimum wage to $9 an hour. Even Republicans favored increase 50-48. And they were the lowest rung on the approval ladder. Raising the minimum wage also could mean that a single parent working two or three jobs to make ends meet may now be able to vacate one of the jobs and spend more time at home with the family.
Getslow Posted February 20, 2014 Posted February 20, 2014 Increase in minimum wage is needed. Gallup poll last year showed 7 in 10 Americans favored raising the minimum wage to $9 an hour. Even Republicans favored increase 50-48. And they were the lowest rung on the approval ladder. Raising the minimum wage also could mean that a single parent working two or three jobs to make ends meet may now be able to vacate one of the jobs and spend more time at home with the family. Something has to be done for the people using these low-wage jobs to live on their own or especially for those raising a family. I've seen some proposals for a large-scale expansion of the Earned-Income Tax Credit. Wouldn't that be a better option for helping these people than mandating a wage hike when the government then has no ability to control whether those jobs exist six months later?
BaseballIsLife Posted February 20, 2014 Posted February 20, 2014 Something has to be done for the people using these low-wage jobs to live on their own or especially for those raising a family. I've seen some proposals for a large-scale expansion of the Earned-Income Tax Credit. Wouldn't that be a better option for helping these people than mandating a wage hike when the government then has no ability to control whether those jobs exist six months later? I think something like that would definitively be more effective. It is clear though that there isn't an easy solution to this but there are ways to improve it without impacting job status too much.
DragonFire Posted February 20, 2014 Posted February 20, 2014 If you start cutting into the profit margins of the companies that operate mostly on minimum wage workers, two things are going to happen. Either their will be layoffs or prices will be raised. Most likely a combination of both. Raising minimum wage does nothing because inflation overtime will compensate and will not cut into those that are in poverty due to those adjustments. Exactly my thoughts. I don't know why it is so hard a concept for some to grasp. Wages are never raised across the board without something else balancing the sheet.
jericho Posted February 20, 2014 Author Posted February 20, 2014 The people with these low wage jobs must not be very smart. IMO I would think that if they make more, they pay more in taxes and the prices of goods increase to offset cost of the business. I may be wrong for once.
FarBeyondDriven Posted February 20, 2014 Posted February 20, 2014 Folks, when are we going to learn that this is just pure politics, plain and simple? Those in power know full well that an increase in minimum wage helps nothing or nobody. It is being done to show that those in power "care".:wtf:
Jumper_Dad Posted February 20, 2014 Posted February 20, 2014 Folks, when are we going to learn that this is just pure politics, plain and simple? Those in power know full well that an increase in minimum wage helps nothing or nobody. It is being done to show that those in power "care".:wtf: And to cull talking points to be used in the upcoming elections..."See my opponent is against the common worker" or "He doesn't care about you just about big business, I supported raising the Minimum Wage so vote for me"
rockmom Posted February 20, 2014 Posted February 20, 2014 No one will be happy if the lowest of our income earners are helped in some way. Think of all the discontent there is already for things such as deductions and credits. This is a no-win situation, politically, for whomever chooses to take it on.
75center Posted February 20, 2014 Posted February 20, 2014 Where you're really going to see it is in industries that care for the elderly and at risk children. These facilities are highly regulated and the great percentage of their funds come from medicaid which is cutting their revenue rather than increasing it. Therefore, where you might have one person caring for six right now you will have one person caring for 8 or 9, maybe more. That can be a very critical issue in the case of an emergency such as a medical situation or someone gets out of a facility without people knowing. At the very least on a day to day time frame you will have people with less care than they currently have. I don't know how they will manage.
75center Posted February 20, 2014 Posted February 20, 2014 The people with these low wage jobs must not be very smart. IMO I would think that if they make more, they pay more in taxes and the prices of goods increase to offset cost of the business. I may be wrong for once. Actually you are right for once.
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