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Topic: Raising the Minimum Wage  (Read 12903 times)

paints

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Re: Raising the Minimum Wage
« Reply #60 on: April 19, 2015, 08:48:23 am »
If minimum wage had kept up with inflation, it would be around 23 dollars an hour now.
Instead of raising wages, companies have paid their CEOs and owners billion dollar salaries.
If they don't want to pay the people who are making money for them, maybe the CEOs and owners should do the work themselves.

Minimum wage first became law in 1938 the minimum wage was $0.25/hour. Adjusted for inflation, that would be $4.16 in 2015.

And according to this, the current minimum wage is valued at 4.82.

http://www.infoplease.com/ipa/A0774473.html

So we're ahead of the game, even if we do have to live in our cars!

sanglee

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Re: Raising the Minimum Wage
« Reply #61 on: April 19, 2015, 10:38:56 am »
they are always raising the minimum wage, when is enough

myfreebees316

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Re: Raising the Minimum Wage
« Reply #62 on: April 19, 2015, 11:49:52 am »
It's a double edged sword. Raise it to much and it helps the people getting it it also hurts the people that are struggling to get by because prices of everything goes up

hawkeye3210

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Re: Raising the Minimum Wage
« Reply #63 on: April 19, 2015, 04:23:37 pm »
If minimum wage had kept up with inflation, it would be around 23 dollars an hour now.
Instead of raising wages, companies have paid their CEOs and owners billion dollar salaries.
If they don't want to pay the people who are making money for them, maybe the CEOs and owners should do the work themselves.

Minimum wage first became law in 1938 the minimum wage was $0.25/hour. Adjusted for inflation, that would be $4.16 in 2015.

And according to this, the current minimum wage is valued at 4.82.

http://www.infoplease.com/ipa/A0774473.html

So we're ahead of the game, even if we do have to live in our cars!

That's indexed using constant 1996 dollars, not the same exercise as adjusting the 1938 wage for inflation in terms of 2015 dollars. Article is using the same source CPI data from the DLA as I am, just presenting it different terms.

http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=.25&year1=1938&year2=2015




ricdsm

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Re: Raising the Minimum Wage
« Reply #64 on: April 19, 2015, 05:07:41 pm »
I think it helps a little, at first.
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melissajh44

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Re: Raising the Minimum Wage
« Reply #65 on: April 19, 2015, 08:21:04 pm »
I'm absolutely for this.


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carmexqueen

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Re: Raising the Minimum Wage
« Reply #66 on: April 21, 2015, 10:32:54 am »
Im not really seeing how raising the minimum wage will make things more expensive when they are already expensive. A gallon of milk is more than a gallon of gas.

yaayme

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Re: Raising the Minimum Wage
« Reply #67 on: April 21, 2015, 12:19:13 pm »
Five words...Yes. It. Should. Be. Raised...*Drops mic, walks off*

countrygirl12

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Re: Raising the Minimum Wage
« Reply #68 on: April 21, 2015, 03:01:18 pm »
Im not really seeing how raising the minimum wage will make things more expensive when they are already expensive. A gallon of milk is more than a gallon of gas.

It's a very simple concept.  When companies have to pay people more they will raise the price of their product.  Milk use to be around $2 a gallon.  Now it's $5 or more.  This happened after min wage went to $7.25.  People will not see the results until after it happens. 

What people can't seem to grasp is if you have NO education you do not deserve to make $15 an hour.  If min wage is by some chance raise to $15 an hour then people who have an education and are making $15 will want more so when they get more the ones above them will want more.
The big companies are going to MAKE MONEY.  They are not going to suck up the loss when they have to pay worthless people way more than they are worth.

And yes people are worthless.  We have the same people call in EVERY WEEKEND.  Funny how they only get "sick" on the weekends when it is warm and sunny.

fillfran82

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Re: Raising the Minimum Wage
« Reply #69 on: August 25, 2015, 11:25:38 pm »
Do you think raising the minimum wage genuinely helps the working poor or just, in the long run, drives prices up for everyone and ends up being negligible? 

Hello! :D :) I think it would be great to get a higher minimum rage. :notworthy: :highfive: But I feel some how everyone will be paying for that change. The price of everything will sky rocket. Everything would be pricy and be difficult to maintain. I think the way things are set up. Everyone will continue to work until they are well into their old age. I think it's best minimum wage stays the same.
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mrrangerrick

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Re: Raising the Minimum Wage
« Reply #70 on: August 26, 2015, 02:48:19 am »
I have credit debt, the debt amount is FIXED. I work multiple jobs at minimum wage, this would only help me pay this stuff off quicker.

lvstephanie

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Re: Raising the Minimum Wage
« Reply #71 on: August 26, 2015, 10:53:14 am »
What people can't seem to grasp is if you have NO education you do not deserve to make $15 an hour.  If min wage is by some chance raise to $15 an hour then people who have an education and are making $15 will want more so when they get more the ones above them will want more.
That's assuming that the people already making the $15/hr. can see a commensurate increase in their salary. However a company cannot raise everyone's wages by equal proportion throughout the company; at some point, the people making the higher wages will not get as much of a raise, thus making them disgruntled. If you have worked for a company for years busting your behind and some new, unskilled person comes in and starts making just as much as you, you are going to be very upset and may even leave the company.

Take the example of Gravity Payments.... In April of this year, CEO Dan Price announced that he would enact a $70,000 minimum wage in his company, the rationale being that that income would make his employees less stressed and therefore would have an increase in productivity. At first the news was met with great excitement and praise (esp. from liberal bloggers and pundits) as he was doing what the left wants ALL companies to do -- have the CEO slash their salary and give a nice income for all of their employees. However in a few short months, Gravity was faced with many issues related to this wage increase. Firstly, many of their customers feared that the money would have to come from somewhere, and since that somewhere was most likely to be from increased prices for their services, many of these customers left Gravity to find another competitor to do business with. But what hurt Gravity more than the loss of customers was the loss of some of their best employees. When these top-notch employees saw some entry-level worker get their income doubled while they may have only seen a modest raise in their own, they decided to abandon ship and go to a company that valued those good employees.

When you impose an artificial minimum wage, you start eroding the benefits of meritocracy. People that see others not worth as much being valued above what they should, it breeds resentment. And if meritocracy is destroyed across the board -- if a country imposes wage rates that all companies have to abide by -- these good workers won't just move to a different company (since the next company will have the same issues being that the mandate is universal), they will just give up. They will either downgrade their own value (by not working as hard, diligently, or intelligently) to match their earning value, or they will simply go into a field where they can benefit from the actual fruits of their labor (like becoming a farmer and growing just enough food for themselves to eat).

aharr1

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Re: Raising the Minimum Wage
« Reply #72 on: August 26, 2015, 01:56:30 pm »
I am all for people having better living situations but i don't understand how that wont effect the cost of our everyday livining expenses so we are back to where we started!

madeara

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Re: Raising the Minimum Wage
« Reply #73 on: August 26, 2015, 03:26:58 pm »
I think the minimum wage should be raised.  This would help everyone.  Have a great night!
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mjoseph1

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Re: Raising the Minimum Wage
« Reply #74 on: August 27, 2015, 08:42:08 pm »
i think it should be raised it should be commensurate with the cost of living

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