Believe it or not, both the left and the right want to end welfare for the poor. The left just has a realistic and humane way of doing it.
$153 billion of public assistance is spent on people because of their low wage jobs. 18 million people make less than $10.10 per hour. How many more do you think make less than $15? If the minimum was raised to $10.10, republicans are to stupid/immature to realize that far less people would be eligible for programs like food stamps. It would dramatically fix the ******* problem of the poor on welfare!
Like it or not, $15 as a minimum wage would be a base wage kept up with the rate of inflation. The last time someone could live comfortably off 10.10 per hour was the ******* 60s. Since the recession, low wage jobs out number higher wage jobs. That means MILLIONS OF PEOPLE have no choice but to accept low wage jobs.
As long as it was gradually raised over a couple of years, the initial cost to the market would be minimized. Prices would go up, but not nearly enough to offset the consumer spending power created by it. Consumer spending would boom. The market would begin to create jobs. Way more than the jobs that would have been scrapped initially. Prices would also go down.
Look the only reason most (not all) CEOs are against raising wages is because it just easier to for them to keep the ridiculous money they make rather than invest in a strong labor force. The average CEO makes over 300x what the average worker makes. Sure we can all agree CEOs deserve a wealthy life for all their hard work, but do you really think they deserve 300x more?
Hell no.
Your premise is flawed, your 'facts' are incorrect, and your argument fallacious.
You got a threesome!!!!
If that's what you truly believed than you would explain why. You can't. You know I'm right.
You asked for it ... you aren't going to like it ... but you asked for it.
Your argument is that by increasing the minimum wage, we could lower the cost of welfare. This is intrinsically wrong. Given the current value of welfare, raising the minimum wage will accomplish exactly nothing. Keep in mind that 26 states have welfare benefits that exceed $40,000. Raising the minimum wage to $30K has no impact. You are not going to see people jumping off $40K welfare checks in order to get a $30K check. In fact, you can expect that those on welfare will demand more because, after all, the minimum wagers got more, why shouldn't we?
Now, which politician do you believe is going to cut welfare? That is political suicide, and it will never happen.
You are absolutely right about one thing, though --- low wage jobs outnumber higher wage jobs since the recession. You can thank the liberals for that. By imposing onerous regulations and giveaway programs on employers, the government has forced employers to find unique solutions to cut their labor costs. This is been done through outsourcing overseas, cutting hours, and automation.
The Obama war on energy has driven the cost of business through the roof. Between refusal to allow drilling in the US, absolute political handjobs on the Keystone Pipeline, and ridiculously expensive, and economy devastating, government subsidies to alternative energy solutions (I'm not even going to talk about the abuse and misuse of government funds through incompetence that let to Solyndra and dozens others), the government continues to squeeze manufacturers.
Now, as for this nonsense about raising the minimum wage ... you need to face a simple truth. The average American worker has outpriced himself on the market. The quality and quantity of work received does not justify the cost in hiring and maintaining such an employee. The employer owes the employee nothing. He does NOT owe him a living - he does NOT owe him healthcare - he does NOT owe him a vacation - he does NOT owe him a retirement. Those are incentives employers should be free to use in order to attract the best workers available. The vast majority of today's workforce believes they are OWED a living. They aren't - they need to earn it.
Like it or not, $15 as a minimum wage would be a base wage kept up with the rate of inflation. The last time someone could live comfortably off 10.10 per hour was the ******* 60s. Since the recession, low wage jobs out number higher wage jobs. That means MILLIONS OF PEOPLE have no choice but to accept low wage jobs.
As long as it was gradually raised over a couple of years, the initial cost to the market would be minimized. Prices would go up, but not nearly enough to offset the consumer spending power created by it. Consumer spending would boom. The market would begin to create jobs. Way more than the jobs that would have been scrapped initially. Prices would also go down.
Now, for this absolutely insane idea that CEOs are against raising wages because it makes it easier for them to keep the money .... the function of a CEO is to make the most money can - for his investors. He doesn't get to keep those profits - it goes to the stockholders, of which he may, or may not, be one. Profitability is what keeps him employed - the more money he makes FOR HIS BOSSES - the more money he gets paid. If hiring more people will increase his profitability, he will hire them. If moving his operation to Malaysia will increase his profitability, he will move to Malaysia. This idea that a corporation has a social responsibility is, in a word, counter-intuitive. You are all excited about cutting the company's profitability, right up until you realize that means less tax income and a smaller retirement for you. So, in order to avoid that, you want to take the money from somebody else - anybody else - and the CEO is a convenient target.
I can explain it - I did explain it - and I know you are dangerously and disastrously wrong.