Apr 14th 2014, 17:07:55
OMG
What a bunch of idiots! I didn't even bother to read the whole thread, just the first half of the first page and the last few posts. Although there are a few people who can see the devastation this would cause, it seems many here (entitlement generation maybe?) are oblivious to the way the economy works. Wake up dummies!!!!!
There are people out there who have been working for 10-15 years, or more, to work their way up from a MINIMUM WAGE job to a $15.00 hr job. Their employers will not double their wages if the MINIMUM WAGE is doubled. In fact their wages will likely remain the same or show only a token increase. These people have worked for years to become more valuable to the companies they work for and to increase their standard of living.
The MINIMUM WAGE is in effect to put a floor on wages for ENTRY LEVEL jobs. When you enter the workforce you are not worth as much as someone with 10-20 years of experience. No matter how much you increase the MINIMUM WAGE it will always be POVERTY LEVEL!!!!!!! The jobs that pay MINIMUM WAGE will NEVER pay a "living wage". They are the jobs that will ALWAYS define poverty. Someone will always be on the bottom of the wage ladder. Increasing the MINIMUM WAGE effectively puts people who have worked for many many years back to entry level pay (poverty level). Every increase in the MINIMUM WAGE shrinks the MIDDLE CLASS more and more.
BTW, when I was a kid we had ABC, NBC, CBS & PBS. Black and white TV's usually about 19 inch. We knew 3 families that had a whopping 25 inch color TV. They were considered well off. Those same 3 families were the only ones with Air conditioning. Carpet? Only "rich" people had that! Telephones were considered an extravagance. ......... So when I hear some whiny little punk who puts in 28 hrs a week at McDonald's complaining that he can't afford to rent an apartment, pay his Verizon bill, run the AC when it's 75 degrees outside, pay the cable bill (with internet) so they can play X-box on their 52 inch color widescreen TV I can only think to myself is that someone needs to drop then on a deserted island so they can find out how good they really have it!
On the first page QZ argued that "Doubling the price of someone working at McDonalds doesn't mean the price of the raw food,rent or utilities rise either. ". How wrong you are QZ. When I was a teen the MINIMUM WAGE was 2.65 hr. You could buy a combo meal for around $2.50. When I got married MINIMUM WAGE was $5.65 hr and a combo meal was about $5.00. Now MINIMUM WAGE is at $7.25 and a combo meal is going to cost nearly $7.00.
Each sector of the economy effects the other sectors. When the farmer has to pay more for that combo meal for lunch he feels he needs to make a little more to compensate for the increase of his cost of living. That, in turn, makes the price of groceries rise. Now the grocer is feeling the effects from two sides. First he has to pay his employees more, then he hast to pay more for the goods he needs to sell to remain in business. So he must increase the price of everything he sells to maintain his standard of living. Now the landlord has to pay more for his combo meal and for his groceries so he, naturally, will increase the rent on the places he owns. Then comes the utilities. MINIMUM WAGE workers are involved in producing our utilities so it is inevitable that the price of utilities goes up.
What we need to do is CREATE MORE JOBS that can pay a wage greater than the MINIMUM WAGE. Increasing the MINIMUM WAGE shrinks the MIDDLE CLASS! Creating jobs that are capable of paying more than the MINIMUM WAGE will without a doubt grow the MIDDLE CLASS!!!!
We need to widen the ladder going up so that you can climb, not chop the ladder down to where inexperienced people are paid as much as those with much more experience. You (people entering the work force) must show their value. They are not ENTITLED to have a equivalent lifestyle as someone who has done the work and EARNED their lifestyle. The only thing they DESERVE is a CHANCE to become better off.
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