It has been a disaster for those most likely to earn it, namely young blacks. Check the unemployment rate for them. It is a disaster.
Not a minimum Wage issue. There is no historical evidence showing raising Minimum Wages destroys economies. It doesn't happen. Our current Minimum Wage is embarrassing. We can definitely do better.
"Our current Minimum Wage is embarrassing. We can definitely do better."
Of course, you don't really believe that.
David Mamet writes in "The Secret Knowledge"...
1. The adolescent, the Marxist, and the Liberal dream of “fairness,” brought about by the state. Silly. This would mean usurping the society decision that the skilled worker is entitled to higher pay than the unskilled. This decision is never pronounced by any authority other than the free market. It was arrived at via the interaction of human beings perfectly capable of ordering their own affairs.
2. Government cannot and will not correct itself- thus the necessity for elections. But society, convened as the free market, can and does correct itself…and quickly, ‘else the risk of impoverishment.
3. If the Leftist is interested in a more ‘fair’ redistribution of wealth, let him vote for lower taxes, and then he can distribute his now larger share of his wealth to the lesser compensated folks.
4. Illustrative of reality is the fact that
the Leftist refrains from paying above the stated price for goods and services…he wants, as everyone else does, competition between said services. Only then does he stand a chance of getting a “fair” price. In his own enterprise, he strives to improve quality or lower price…’else his potential customers will take their business to others. Unless he has the power of government!
Soooo.....when have you demanded to pay more than a posted price?
When?
the rich are making more money than ever before; no one questions their
worth for that.
I know the rich don't need any breaks, but you might get something out of em you work out some sort of compromise. I propose lowering the Corporate Tax Rate while raising the Minimum Wage. Americans need to become flexible. They need to become more willing to compromise. Nothing will get done otherwise.
I heard, and understood your point earlier.
As I pointed out at the time, there is no perennial category 'the rich' in this nation.
They are simply folks who work in regular occupations.
I can show that many civil servants fall into this category.
Minimum wage laws do the very opposite of your good intentions, dim the chances of entrepreneurs surviving, and serve almost no one.
WHO LOST JOBS WHEN THE MINIMUM WAGE ROSE?
"Increasing the minimum wage was meant to raise the living standards of millions of Americans holding unskilled, entry level positions.
But it may have led to the elimination of 550,000 jobs -- opening the possibility that such wage levels should be revised, suggests a new study from Ball State University.
A study of part-time workers monitored by the Bureau of Labor Statistics from 1999 to 2009 found that raising the minimum wage to its current level of $7.25 during the recent recession caused some businesses to scale back on filling vacant positions or eliminate jobs altogether, says Michael J. Hicks, director of Ball State's Center for Business and Economic Research (CBER).
Other findings:
About 67 percent of teenagers and young adult minimum wage workers live in households with incomes at least twice the poverty level (for example $44,000 for a family of four).
Adult workers toiling at minimum wage have limited skill.
About two-thirds of all adult minimum wage workers have a high school degree or less.
One benefit of the minimum wage keeping some of these workers out the labor market is that it forces them to obtain additional education and training in the workforce development network."
You mean well, but you're wrong.