Basic Incintive For Minimum-Wage Workers To Raise Themselves Out Of Their Hole...

Discussion in 'Politics' started by bayoubill, Feb 3, 2012.

  1. bayoubill
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    bayoubill aka Sheik Yerbouti... Supporting Member

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    gets side-tracked for the time being...

    Obama proposes raising the Federally-mandated minimum wage from $7.25 to $9.50...
     
  2. DiamondDave
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    DiamondDave Army Vet

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    And unemployment would jump.. prices of goods and services would jump..

    But hey.. he's only looking to buy votes
     
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  3. The T
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    The T George S. Patton Party Supporting Member

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    What politician doesn't buy votes using the treasury full of I.O.U'S?
     
  4. The T
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    The T George S. Patton Party Supporting Member

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    And just watch Union wages go up commensurate...:eusa_whistle:
     
  5. California Girl
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    California Girl BANNED

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    If we are to have a minimum wage (and I'm more for it than against)... then we need regular, small, planned increases to ensure that business can appropriately plan their costs, pricing structure, etc. These petty 'vote buying' bounces are not good for anyone - except the party.
     
  6. The T
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    The T George S. Patton Party Supporting Member

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    True.
     
  7. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    The idea that raising the minimum wage will cause layoffs really isn't accurate at all.
    The Levy Institute has a paper that addresses that issue. In 1998, the Levy Institute surveyed small business owners and found only 9.9% thought the would alter their hiring plans, 84.8% said it wouldn't.
    Asked about the effect regarding past minimum wage increase effected their hiring, 6.2% it did, 89.4% said it didn't. When asked about another increase with minimum wage, 20.7 said it would effect their hiring or layoffs, 75.6& said it wouldn't.
    Now I recognize this survey was done in 1998, but I have yet to find any facts that back up the assertion that raising the minimum wage would result in sure fire layoffs.
    http://www.levyinstitute.org/pubs/pn98_3.pdf

    Then there's these charts:
     
    Last edited: Feb 3, 2012
  8. kwc57
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    kwc57 BOHICA Obama

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    Good for Obama......how is he going to get that extra cash to give to employers to pay the increased wages? What? He expects them to choke it up? Does he understand how a business operates? What was I thnking, of course he doesn't.
     
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  9. LoneLaugher
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    LoneLaugher Diamond Member

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    Anyone who works a full time job ought to earn a living wage. That greedy nutters expect others to work a full time job, however menial, and STILL be unable to provide for themselves and their families is a primary reason for the fact that they are marginalized.
     
  10. kwc57
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    kwc57 BOHICA Obama

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    You're correct, it wouldn't alter their hiring........as long as they raise their prices to you and me to cover their increased cost.
     

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