inflation-adjusting the minimum wage would prevent inflation from "eroding" the real minimum wage. To date, inflation "eroding" the real minimum wage has helped "partially repeal" the minimum wage; and has consistently promoted job growth, creating (low-pay) work for many many Americans. COLA-ing the Federal minimum wage would thwart the expansion of the low-pay sector, of the US economy, reducing employment opportunities for workers, investment opportunities for lenders & banks, and even (therefore) interest-rates paid to the public on their bank deposits.
minimum wages do not achieve that purpose. Can i ask, for a "reality check" ? In 2008, the minimum wage was raised over $2 per hour, to nearly the highest real (inflation-adjusted) rate ever. And, more people are on public assistance today, than ever. Minimum wages eliminate jobs, undermining the low-pay sector of the US economy. That only increases the extent of poverty, and calls for government public assistance programs.
Ah, the con dogma again, Widde. If you had an open mind, which you have not, you would understand why minimum wage is a benefit to unemployment numbers. And, by the way, I do not consider someone working at $5 to be gainfully employed. Can not live on it, under any circumstance. So, find a company that does not believe in minimum wage, and see how they are doing. You will generally find that they are proffitle, and that upper management levels are doing quite well, thank you very much.inflation-adjusting the minimum wage would prevent inflation from "eroding" the real minimum wage. To date, inflation "eroding" the real minimum wage has helped "partially repeal" the minimum wage; and has consistently promoted job growth, creating (low-pay) work for many many Americans. COLA-ing the Federal minimum wage would thwart the expansion of the low-pay sector, of the US economy, reducing employment opportunities for workers, investment opportunities for lenders & banks, and even (therefore) interest-rates paid to the public on their bank deposits.
minimum wages do not achieve that purpose. Can i ask, for a "reality check" ? In 2008, the minimum wage was raised over $2 per hour, to nearly the highest real (inflation-adjusted) rate ever. And, more people are on public assistance today, than ever. Minimum wages eliminate jobs, undermining the low-pay sector of the US economy. That only increases the extent of poverty, and calls for government public assistance programs.
Do you work minimum wage? Have you ever worked minimum wage? Do you have any intentions of working minimum wage? Why is minimum wage relevant to you? (may i ask)
Because, meanwhile, millions of Americans are out of work, which would become available, in the absence, of minimum wage laws. Poor people have low skills. But, they do not have no skills. They have some skills. And they are right-this-moment qualified, for low-skill, low-pay jobs. Wisdom warns, "never put off for another day, work that could be done today". Poor people could be doing economically valuable, productive, and profitable work, at $5 per hour (more than millions of Americans are earning, currently). So, why are we (as a country) procrastinating? Prohibiting millions of Americans some work, and some pay; and profitably employing their current skills, for the benefit of themselves & their bosses; somehow "helps" Americans, and the US economy ??
Facts say otherwise. What you say is not true, in general. What it does is line up perfectly with the folks you support, who support all con organizations and politicians. They love paying less, and could care less about the problems of the people whom they employ.
Ed, me boy, where did you get that idea??? Looks to me like just more con dogma. No proof, as usual, of your idea. So, let me give you a clue: you obviously missed econ 101 day 1. Because we are actually number 14 in wages. Here is the link to the data:
Why bother to oppose the idea, ed, it is way to ignorant to bother with. No liberal I ever met wanted to see corporations die, or people who do not work prosper. It is simply part of your twisted mind, just something you want to believe.
US consumers "want to pay as little as possible" for products. In fact, overall, they refuse to buy American, in favor of cheaper foreign products. Is that "bad" too? (Is hypocrisy "good"?)
Great. We used to have lots of dianasaurs when we ate a lot of raw meat. then we stopped eating raw meat and the dianasaurs disapeared. Maybe if we ate raw meat again they would come back.
And 13 countries currently have higher wage rates than we do, and nearly all have better overall earnings for their workers.The real minimum wage gradually declined after the 1970s, broadly correlating, with the "Great Moderation" of economic expansion in the US economy. Plausibly, falling labor costs helped US businesses compete economically:
Nope. That is just the way it is. So, explain Germany. Or would you prefer we act like china, so that all of our workers can live at bae subsistence levels and below. The true con dream, and you, Widde, are a con. Try working at $5. Then, if you can, come back and tell me we do not need minimum wage laws, like the 13 countries where wages are higher than in this country. And where, in general, the countries are doing better than the US. But you won't, will you, Widde. Much simpler to blast out that con dogma. Just say what they tell you to. And for gods sake, don't ask any questions.
