Raising minimum wage

[abcxyz]

Why not just make it $15/hour?

Are the rest of my employees going to want minimum wage plus 25% to equal what they make now?

If it costs X to produce Y, if X goes up so does the cost to produce Y, which means you are going to have to sell it for Y+profit percentage regardless of what X is. If it cost more to produce, it is going to cost more to purchase.

It is all about taxes. 6% sales tax on a $1.25 former dollar menu item is more than 6% of $0.99.

[Chris0nllyn]

I don't think we should have a minimum wage...at all.

Watch from 15:00



John Stossel - First Jobs: War On Internships, The Folly of Minimum Wage Laws 7/12/12 - YouTube

[philibusters]

This is an issue where I can really see good arguments both ways.

Ideally taxes would be lowered on businesses and there would be a living minimum way (not sure I like a federal minimum wage---For example, $8.50 may be fair in Maryland, but way too high in some of the more rural states and areas.

[FreedomFan]

Milton Friedman has it right. Minimum wage laws hurt precisely the targeted group of people they ostensibly are designed to help. Once you figure out salaries are an integral part of the cost of goods sold, I think most rational actors will look at things completely differently.

[SamSpade]

I can't see the economic wisdom of a minimum wage. You work harder and you improve your skills to make more money. That's the way a growing economy works. The data doesn't show what people like to whine about - most minimum wage jobs go to kids and elderly and very very few are the primary breadwinners.

An entry level job is SUPPOSED to be low paying and you have a built in incentive to do better, work harder, improve the business and earn a better wage.

A high minimum wage works against that - if you make a decent wage doing the very lowest paying work available, there's little incentive to do a good job or work harder or be a more productive employee. In a good economy, a good worker should be able to find better work if his employer won't give him a raise - but not if everyone also gets a high minimum wage. In a bad economy, an employer has to cut staff, because a high minimum wage cuts into business.

[GURPS (Premo)]

Originally Posted by SamSpade

I can't see the economic wisdom of a minimum wage. You work harder and you improve your skills to make more money.

The Ultimate Trophy for Showing UP

[bcp (Premo)]

Originally Posted by GURPS

The Ultimate Trophy for Showing UP

There are many that fail to grasp that simple part of a job.

[afjess1989]

I think they should raise it based on the area. I agree with philibusters what's good for Maryland might not be good for say Ohio for example. They should raise it anyway. the Cost of living is going up and alot of these minium wage places hire people as part time anyway so they don't have to pay for Benifits. So people have to work 2 or even 3 jobs to make ends meet and taxes keep going up because more people wanna get a hand out instead of working for that lobster dinner they want. And they just charge it with the food stamps. Ok rant over.

[somdfunguy]

What's good in one part of the state may be too high/low in another part of the state. They should do it by voting precinct

[aps45819]

Originally Posted by afjess1989

I think they should ...

Originally Posted by somdfunguy

They should do it ....

THEYshould stay the hell out of it and let the market decide.

If I can't get somebody to sweep the floor at $5 an hour, I'll offer $6