Minimum wage
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    Default Minimum wage

    I did not watch the address last night, but I have seen a lot of talk this morning on the minimum wage. Do you think it should be raised? Why or Why not?

    ~Bonita~

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    Yes I do. Although 9.00/hr is hardly a living wage which is what I would rather see. It's better than what it is now.

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    I do not. Raising the minimum wage raises the cost necessities. For example, If you could for $10 fill three carts full of food, verses for $100 you could not even fill one cart of food, do you really have more money? I do not believe raising minimum wage will solve the problem.

    ~Bonita~

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    No. All it will do is cause more people to be out of work. An employer only has a certain amount of money to spend one way or the other. If the minumum wage is raised they will either have to hire less people or reduce their hours. It won't solve a thing. They are already doing this because of Obamacare another reason won't help. It will also just cause MORE employers to send work overseas.
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    So again I ask, you two think it is appropriate that full time working people have to be on government assistance because they cannot afford to live? Does that make sense?

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    Quote Originally Posted by Jessica80 View Post
    So again I ask, you two think it is appropriate that full time working people have to be on government assistance because they cannot afford to live? Does that make sense?
    Sorry you don't like the real world. That is just the way it is. If you raise the minimum wage there will just be more people without a job on assistance. And more jobs in China.
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    I think minimum wage should be raised. While some of you say that it'll hurt businesses, I don't agree. If you can increase the money a person has a)they should be able to get off government assistance, thus not costing taxpayers and b)they will have more disposable income to put back into businesses.
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    Quote Originally Posted by mommydearest View Post
    I think minimum wage should be raised. While some of you say that it'll hurt businesses, I don't agree. If you can increase the money a person has a)they should be able to get off government assistance, thus not costing taxpayers and b)they will have more disposable income to put back into businesses.
    Where is the money going to come from to pay them? Businesses are already laying off people at the current wage. It is just robbing money from Peter to pay Paul.
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    While on the surface it may seem like a way to increase the standard of living for lower-income Americans, in reality the policy is likely to backfire. For instance, research by economists David Neumark of the University of California, Irvine, William Wascher of the Federal Reserve Board, and Mark Schweitzer of the Cleveland Fed shows that that minimum wages increase poverty and hence poverty reduction certainly shouldn’t be expected as a benefit of raising the minimum wage.

    That’s because, contrary to common belief, the relationship between low wages and poverty is extremely weak. In fact, as Neumark writes in a 2009 piece in the Wall Street Journal, “The principal sources of an individual’s higher earnings are more schooling and the accumulation of experience and skills in the labor market,” both of which are discouraged by increases in the minimum wage.

    Neumark, who has done extensive research on the issue, summarizes his results the following way: “Based on 20 years of research, I doubt there is ever a good time to raise the minimum wage.” And the negative consequences are worse when unemployment is high. He adds that, with a few exceptions, “The bulk of the evidence — from scores of studies, using data mainly from the U.S. but also from many other countries — clearly shows that minimum wages reduce employment of young, low-skilled people.”
    Raising the Minimum Wage: A Tired, Bad Proposal - By Veronique de Rugy - The Corner - National Review Online
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    People making more money stimulates the economy, especially the local economy. If I make more moneyI am more likely to spend on things I couldn't before, or spend more often. If more people are going to a local restaurant because they have more income, the owner is making more money and able to keep up with the increase in minimum wage to his employees.

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