May 4, 201412 yr Question for those that want higher minimum wages. Who do you think will be paying for the raise in pay? It won't be the employer, it will be the customers.
May 4, 201412 yr This new initiative will be phased in over 5 to 7 years depending on the size of your business and whether your business offers benefits.
May 4, 201412 yr The original narrative of "getting what they're owed" or "their right" is disturbing. If the person doesn't like their wage THEY need to do something about it. Either prove that you are more valuable today or move onto another job. If you have the leverage (ie value) you will get a higher wage.
May 4, 201412 yr I'm not sure I'm willing to pay 8 bucks for a Big Mac... Would be shocked if it were that much but there will be increases in price and wait times as employees are let go.
May 4, 201412 yr If you raise an entry-level worker's pay to $15 you also have to raise every other person's pay. If a manager makes $20 today he/she is not going to still be making $20 when the newbie is at $15.
May 4, 201412 yr I think the people that it could hurt are those that are full-time workers, who were already working above minimum wage (say in the $10-$14/hr. range). With being full-time, they're getting benefits. But, say they were at $12/hr. before...now their employer has to give them a 25% pay increase? What I'd say would be the most likely repercussion, is that hours will be cut, so that they're no longer considered full-time, and thus, no longer getting any benefits. Sure, they may get an hourly pay raise, and they may even have the same amount of take-home pay...but, they'll be losing out on the benefits. So, in the end, it's not beneficial to them.
May 4, 201412 yr There is never a good time for a minimum wage. In a healthy, vibrant economy, competition for labor and the desire by businesses to minimize turnover and save training costs will keep wage rates high. In a weak economy, an arbitrary minimum wage puts poor people out of a job and further weakens the economy. I remember when the real unemployment rate was so low in Lexington that many fast food restaurants were forced to close earlier because of a labor shortage. It was a common sight to see signs advertising starting hourly rates above the minimum wage at fast food joints around town. Minimum wage laws are nothing but a political tool for liberals to use in campaigns. They hurt the people that they are supposedly intended to help. BTW, the disparity in the cost of living across the country makes the notion of a national minimum wage even more ridiculous. $15/hr. in Seattle is probably not a ridiculously high rate but it would be a ridiculous rate to pay inexperienced hamburger flippers in small towns in Kentucky. My son pays $800/mo. plus utilities for a room in Washington, DC. His salary would allow him to live comfortably back home in Kentucky. The free market is the only fair way to set wage rates and we no longer have economic freedom in this country.
May 4, 201412 yr Author There is never a good time for a minimum wage. In a healthy, vibrant economy, competition for labor and the desire by businesses to minimize turnover and save training costs will keep wage rates high. In a weak economy, an arbitrary minimum wage puts poor people out of a job and further weakens the economy. I remember when the real unemployment rate was so low in Lexington that many fast food restaurants were forced to close earlier because of a labor shortage. It was a common sight to see signs advertising starting hourly rates above the minimum wage at fast food joints around town. Minimum wage laws are nothing but a political tool for liberals to use in campaigns. They hurt the people that they are supposedly intended to help. BTW, the disparity in the cost of living across the country makes the notion of a national minimum wage even more ridiculous. $15/hr. in Seattle is probably not a ridiculously high rate but it would be a ridiculous rate to pay inexperienced hamburger flippers in small towns in Kentucky. My son pays $800/mo. plus utilities for a room in Washington, DC. His salary would allow him to live comfortably back home in Kentucky. The free market is the only fair way to set wage rates and we no longer have economic freedom in this country. I guess so, but at this point in time I think it has got to the point where we need government to interfere and get us out of this hole.
May 4, 201412 yr I guess so, but at this point in time I think it has got to the point where we need government to interfere and get us out of this hole.I see your point. The government got us into the hole, so they are the logical choice to dig us out of it. Maybe they should raise the minimum wage to $20/hour across the nation to let everybody share in the American dream. If companies lay people off because of the higher minimum wage rate, then the federal government could just pass another big stimulus package. That worked so well in 2009.
May 4, 201412 yr Author I see your point. The government got us into the hole, so they are the logical choice to dig us out of it. Maybe they should raise the minimum wage to $20/hour across the nation to let everybody share in the American dream. If companies lay people off because of the higher minimum wage rate, then the federal government could just pass another big stimulus package. That worked so well in 2009. The government didn't get us into the hole. Well, they did but that was George Bush. Thankfully, he is out of office now, but two terms of Obama won't be enough to get us out of the big mess he left for us. Honestly, I would like to see a flat wage for everybody - something of $20/hour like you mentioned. It will take time, and the government may need to bail out a couple of companies, but it worked well with General Motors so I expect it to do big things. You can't sit there and deny that George Bush isn't the reason that we're in the hole we are today.
May 4, 201412 yr Author There is zero chance I believe Elmer believes what he types. ZERO. I can believe what I want to believe. If I want to believe in a big government, how does that impact you personally? It doesn't.
May 4, 201412 yr I can believe what I want to believe. If I want to believe in a big government, how does that impact you personally? It doesn't. Never said anything about what you can believe. I just said there's zero chance I believe you believe in a flat wage "for everybody."
May 4, 201412 yr There is zero chance I believe Elmer believes what he types. ZERO. He may or may not, but sadly I know people that do believe what he is typing.
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