Minimum Wage

[slick4_6]

I thought it was ridiculous that the gubment was trying to bump minimum wage almost $2 an hour but check out this. It was on the local news tonight. There is also a link to a vid of the story. They want to bump minimum wage to $9.36 an hour.

Link to news story

 

[hydroshutter]

I love it.

Why not educate themselves to earn a tad more?

 

[ghost96gt]

i am no econ major but everytime u raise the min wage dont you in essence increase inflation because ppl know they can charge more?

 

[Mackdaddydiesel]

Not because they can, but because they have to

 

[Svt-Sonic]

whoops wrong thread

 

[PSI87]

Yeah, I understand that bumping the minimum wage tends to be bad for the economy as a whole.

 

[TrueBlueGT]

nothing like setting more artificial barriers in our "free" market.....

 

[Quadcammer]

nothing like setting more artificial barriers in our "free" market.....

you would not want to see what a truly free market looks like.

I think raising the minimum wage was a necessary step.

 

[Rochard]

Someone making $9 can't afford to live.....

 

[Mackdaddydiesel]

you would not want to see what a truly free market looks like.

yes I would

 

[LogiWorld123]

Someone making $9 can't afford to live.....

Wonder how I did it for so long then.

 

[Quadcammer]

yes I would

have fun with that.

A lot of us industries would absolutely collapse.

You'd probably get out of school making $10 per hour.

 

[DBK]

When will people ever learn...median household income in the U.S is roughly 46k. The people that make minimum wage, or anywhere close to it, are not feeding families 99% of the time. Most of the time they are high school kids getting pizza money or people who live in areas where you can get a big apartment for $400 a month.

Raising the minimum wage to $9.36 would be absolutely crippling to any number of small businesses that rely on cheap teenage or unskilled labor to survive.

 

[capnkirk52]

Someone making $9 can't afford to have 5 maxed out credit cards, 3 vehicles, and a mortgage.....

fixed it for ya...

It is very possible to live on minimum wage.

 

[slick4_6]

I just can't see the average person at McDonalds making $9 an hour. You people in California, New York, New Jersey, and other states with a higher cost of living might look at this a little different. Most minimum wage jobs around here are part time jobs in fast food restaurants or grocery stores that high school students work anyway.

 

[DBK]

fixed it for ya...

It is very possible to live on minimum wage.

Thank you. While I wouldn't say it's possible to live a normal life on minimum wage in most of the U.S (if you are the primary income in a household), people have this ****ed up expectation that "I need X amount of dollars, or else I can't have the basics. You know, cable, xbox, a couple pairs of nikes, a pretty big tv, movie tickets, beer, etc."

 

[Mackdaddydiesel]

have fun with that.

A lot of us industries would absolutely collapse.

You'd probably get out of school making $10 per hour.

Really... and how is that, Mr. Keynes?

 

[slick4_6]

people who live in areas where you can get a big apartment for $400 a month.

Around here you can rent a decent house for $500 a month. Apartments are probably in the $400 a month range.

 

[Quadcammer]

Really... and how is that, Mr. Keynes?

ever hear of subsidies for agriculture, and tariffs for steel?

Oh, lets forget about opec too.

Ah, I guess we can also throw out anti trust laws as well.

Have fun going to buy medicine for a reasonable price when pfizer/merck/novartis, etc all merge and decide they can charge out the ass for prescription drugs. Since demand is inelastic, you take it in the ass.

Maybe you have a savings account, im sure you'll enjoy earning .1% on it because there is no competition.

I have a B.A. in economics and attend a top tier MBA program, you sure you want to keep arguing?

 

[ON D BIT]

minimum wage is a farce and whoever is working for that type of money is selling themselves short. pizza delivery, mowing lawns, cleaning houses all jobs that can easily make 15+ an hour. hell there is even people making up to $150k a year picking up dog waste!