Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Since there were only 3.3 million people in the U.S. earning at or below the minimum wage in 2013, where are you getting your figure from?Since it's illegal to buy votes, the next best way is give people a raise.
28 million working Americans would benefit. 28 million votes swinging for whoever got them that raise...I'm not a political operative but this doesn't sound very complicated to me.
Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
As long as it was gradual, it would work. To keep up with inflation, the wage would have to be 15.00The question is not raising the minimum wage the problem is how much to raise it. I don't object to raising it but I do doubling it to $15.00 a hour.
Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
Actually raising the minimum wage helps the working Middle Class by raising the floor of wages.
Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
Gasoline prices raise the price of food more than any other thing out there, year after year after year...once every 10 years minimum wage hike does jack to the price of food compared to fuel prices....Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
But it sure does jack the prices up on food, huh?
Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
Bullshit. How completely ridiculous!
Supporters argue that a higher minimum wage is an effective anti-poverty tool. If businesses must pay their low-wage employees more, then those workers should earn more and fewer of them should live in poverty. Common sense says a higher minimum wage should fight poverty.
The facts, however, show otherwise. Many economists have examined the evidence and come to the surprising conclusion that the minimum wage does not reduce poverty. Ohio University economists Richard Vedder and Lowell Gallaway examined the effect that increases in the minimum wage had on the overall poverty rate in the United States and on the poverty rates for groups like minorities and teenagers that might especially benefit from higher minimum wages.[1] They found that the minimum wage had no statistically detectable effect on poverty rates.
[1] See Richard K. Vedder and Lowell E. Gallaway, "Does the Minimum Wage Reduce Poverty?" Employment Policies Institute, June 2001, at www.epionline.org/studies/vedder_06-2001.pdf(December 28, 2006).
Raising the Minimum Wage Will Not Reduce Poverty
Gasoline prices raise the price of food more than any other thing out there, year after year after year...once every 10 years minimum wage hike does jack to the price of food compared to fuel prices....Raising the minimum wage historically has done absolutely nothing to help the poor or raise people out of poverty.
But it sure does jack the prices up on food, huh?
Boxer claims that a mandated increase in the price of your labor will benefit you, the seller. If that is true, than a mandated increase in the price of hamburgers should benefit McDonald’s, the seller, right? But there is nothing to stop McDonald’s from raising their prices. If $10 an hour is a good price for labor, why do they not charge $10 for a hamburger? The answer should be clear. At $10 a burger, McDonald’s would have many, many fewer customers. Even if every food product on the market fell under the same requirement so that customers couldn’t substitute to another eatery, people would still eat less in general, and McDonald’s would lose money. An arbitrary hike in the price of a product does not benefit sellers, it drives away buyers. Labor is no different than any other product in this regard.
When we think of labor as a product in this way, discarding abstract and meaningless notions of what is a “fair” wage, it becomes quite easy to see why high minimum wages do not benefit the poor. The price of labor rises, and so people buy less of it. Unemployment rises, and people with jobs find themselves either laid off or forced to work fewer hours in order to reduce costs. Since there will be fewer jobs available at the new minimum wage, production will decrease across the entire economy. Lower production levels mean that consumers must compete more aggressively for available goods by bidding up prices. So even though the workers lucky enough to keep their jobs may see an increase in pay, their dollars will not stretch as far as before.
According to Boxer, “There’s one word we always have to focus on and that’s ‘fairness’.” Leaving aside what a stupid thing that is to say, let’s take her at her word and focus on fairness. Is it fair to the man working for $8 an hour to be put out of work, because the government rules this productive contract illegal? Is it fair to young, uneducated workers trying to gain experience to be forbidden from competing across the only dimension they are able? Is it fair to mandate higher wages for a few, privileged workers while the same legislation throws many others into joblessness? Is it fair to saddle businesses with higher costs in a weak economy with an already draconian regulatory environment?
Since it's illegal to buy votes, the next best way is give people a raise.
28 million working Americans would benefit. 28 million votes swinging for whoever got them that raise...I'm not a political operative but this doesn't sound very complicated to me.
The real reason behind raising the minimum wage today is to conceal the extent the Federal Reserve has devalued the dollar. Today, the Canadian dollar is on par with the US dollar but take a look at some of your old books. Notice the Canadian and US dollar prices on it? I have a book printed in 2009. US price $15.00, but in Canadian dollars, it is $18.50. This is just one measure of how far the US has been devalued and raising the minimum wage is just a way to cover for this fact without calculating the real damage. But the Federal government does not want us to figure this out. After all, why bother buying government bonds and saving money if it is going to decrease in value anyways?
We really cannot face the facts on quantitative easing or raising the minimum wage. These are the same tricks as cutting a 12 inch ruler in half and giving it to a kid to convince them they are as twice as tall as they were yesterday. This is where people need an older brother, who explains the ugly truth about Santa Claus. At some point, the truth has to be exposed.
The Federal Reserve Act currently gives the Federal Reserve the authority to use monetary policy to combat unemployment. This means if the minimum wage is raised to $9.00 and causes unemployment, the Federal Reserve will inflate the dollar to so the $9.00 buys far less. In fact, when adjusted for inflation, $9.00 is about equal to $2.90 in 1979 dollars, which is what the minimum wage was then.
If anyone cares about the poor and working class and unemployed, the real advocates for such people have yet to show up. The Federal minimum wage law should be abolished and such powers returned to the states to compete. Secondly, change the Entitlement taxes so both employee and employer only contributes 5 percent each for a total of 10 percent. If the cap has to be raised up to as much as $250,000 to accomplish this, do it. However, if the cap is raised, so should the age requirements. The Social Security age should be 68, with 65 for early retirement. Medicare and Medicaid eligibility should be moved to the same ages. This need only apply to those under 50 right now.
