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Old 02-16-2013, 7:12am   #21
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Just as long as they don't set a maximum wage. (The market will dictate how much unskilled labor is worth.....and it may be $9, $12, or maybe less)
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Old 02-16-2013, 7:40am   #22
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Quote:
Originally Posted by 78SA View Post
Minimum wage jobs are not supposed to be careers. They are not supposed to pay for the cost of an apartment or house or new car.


raising it is suicide for small business (and eventually the rest of us)

JMO
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Old 02-16-2013, 7:54am   #23
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Old 02-16-2013, 7:55am   #24
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You do.
So .gov helps everyone but me. Lovely.
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Old 02-16-2013, 7:57am   #25
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And we wonder why there is an illegal immigration problem. As soon as the 11 million are deemed "Americans" they will quit their jobs as beneath them. Then more illegals will come because no "American" will do manual labor.
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Old 02-16-2013, 8:00am   #26
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Quote:
Originally Posted by DAB View Post
So .gov helps everyone but me. Lovely.
The .Gov is not suppose to help ANYONE. But because it does it "Helps" the few by taking from the many. No one is actually "Helped" it just transferring money while the government gets to keep their piece and use it to grow their power.

.gov job is to insure the playing field is level so you can have Life, Liberty and the Pursuit of happiness.

Nothing more, nothing less.
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Old 02-16-2013, 8:11am   #27
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I dont know how people who have a family can survive on minimum wage
very sad, indeed
my son makes minumum wage and if it wasnt for me and his mom paying for most of his needs, hell he would be on the street
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Old 02-16-2013, 8:52am   #28
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I dont know how people who have a family can survive on minimum wage
very sad, indeed
my son makes minumum wage and if it wasnt for me and his mom paying for most of his needs, hell he would be on the street
You're not suppose to support a family on Minimum wage. You are suppose to get educated and skilled enough to move up the food chain.
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Old 02-16-2013, 8:55am   #29
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Quote:
Originally Posted by Chuck A View Post
I dont know how people who have a family can survive on minimum wage
very sad, indeed
my son makes minumum wage and if it wasnt for me and his mom paying for most of his needs, hell he would be on the street
how old is he and what is he doing? what is he doing to better himself?
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Old 02-16-2013, 9:10am   #30
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Originally Posted by VITE1 View Post
You're not suppose to support a family on Minimum wage. You are suppose to get educated and skilled enough to move up the food chain.
hes trying to better himself
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Old 02-16-2013, 9:10am   #31
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Quote:
Originally Posted by vetteman9368 View Post
how old is he and what is he doing? what is he doing to better himself?
hes going to college, and hes looking for a better job
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Old 02-16-2013, 9:21am   #32
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Quote:
Originally Posted by Chuck A View Post
hes going to college, and hes looking for a better job
that's good. If he's a hard worker, he should advance past minimum wage pretty easily. Minimum wage jobs were never intended to be a career or a living wage. Its for kids, retirees and part time work.
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Old 02-16-2013, 9:29am   #33
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Ive worked my dick off to get above minimum wage. So lets keep raising it because people who have not invested in their human capitol can make more money. GMAFB
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Old 02-16-2013, 9:34am   #34
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Quote:
Its for kids, retirees and part time work.
This wasn't it's original purpose.
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Old 02-16-2013, 9:35am   #35
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Quote:
Originally Posted by Thomas View Post
This wasn't it's original purpose.
Well, share the original purpose and we'll see if it has served it.

I am guessing it was touted as a way to make sure that employers were not using market forces to pay obscenely low wages to workers?
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Old 02-16-2013, 9:43am   #36
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Quote:
Originally Posted by Chuck A View Post
hes trying to better himself
Quote:
Originally Posted by Chuck A View Post
hes going to college, and hes looking for a better job
I grew up in Huntington. I worked minimum wages jobs for my first 2-2 1/2 years of college. I moved up by becoming a janitor. My last year of College ( 1978) I made 10K.

He can do it. You are doing the right thing for helping him.

But Minimum wage is not designed to raise a family on as you said in your OP.
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Old 02-16-2013, 9:44am   #37
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Well, share the original purpose and we'll see if it has served it.
That's not the point. My comment was that the minimum wage WAS NOT intended for kids, retirees and part time work. vetteman9368 is rong.
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Old 02-16-2013, 9:45am   #38
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Quote:
Originally Posted by Thomas View Post
That's not the point. My comment was that the minimum wage WAS NOT intended for kids, retirees and part time work. vetteman9368 is rong.
That has been known to happen

So what was the original intent then?
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Old 02-16-2013, 9:47am   #39
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FYI you guys should not be looking at minimum wage in a vacuum, but rather the reality that as a society we have chosen, and will continue to choose, to ensure some bare minimum subsistence level.

A minimum wage hike is a hell of a lot better than government taxation and spending on "income security"

That being said, if you want some hard statistical data, I just happened to be throwing together a spreadsheet on this topic last night.

REAL Federal Minimum Wage has a weak negative correlation with the Employment-Population Ratio as well as the % Change in REAL GDP per Capita comparing annual data from 1948 through 2008. REAL Minimum Wage has a weak positive correlation with the U3 unemployment rate.

Being weak correlations, this isn't strong evidence that the Austrian school is correct, but it is good evidence that the Keynesian school is wrong.

REAL minimum wage was weakly positively correlated with % change in REAL GDP, but this was super weak compared to the above three, which were all around .3, at a mere .05.

That being said, despite the fact that we're probably right about minimum wage being harmful, I think we can't view it in a vacuum and have to acknowledge that it is much LESS harmful that government taxation and spending on income security. That's much worse.

Given political realities, we should actually be supporting things like minimum wage and EITC, and arguing for more emphasis on them in exchange for defunding actual welfare. Minimum wage and EITC are forms of "work"fare and preferable to welfare.

.02
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Old 02-16-2013, 9:48am   #40
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Quote:
Originally Posted by Loco Vette View Post
Well, share the original purpose and we'll see if it has served it.

I am guessing it was touted as a way to make sure that employers were not using market forces to pay obscenely low wages to workers?
A Short History of the Minimum Wage Fight - NationalJournal.com
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