I have identified an equation which exposes the real agenda of raising the minimum wage:
Higher Minimum Wage + My-Ra = Another funding source to expand federal debt and spending
Who can open a myRA? The accounts are targeted at the millions of low- and middle-income Americans who don't have access to employer-sponsored retirement plans. That includes roughly half of all workers and 75% of part-time workers.
The White House says it will "aggressively" encourage employers to offer the program, noting that they won't have to administer or contribute to the accounts. myRAs will initially be offered through a pilot program to workers whose employers sign on by the end of the year.
Once the program reaches full implementation, anyone who has direct deposit for their paycheck will be eligible to sign up, Treasury said.
All workers may invest in the accounts, including those who would like to supplement an existing 401(k) plan, as long as their household income falls below $191,000 a year.
How will the account work? The account will function as a Roth IRA, which allows savers to invest after-tax dollars and withdraw the money in retirement tax-free.
But unlike traditional Roth IRAs, the accounts will solely invest in government savings bonds. They will also be backed by the U.S. government, meaning that savers can never lose their principal investment....
How Obama s myRA retirement accounts will work - Jan. 29 2014
Think about it. If the current minimum wage is $9, and the feds increase it to the oft cited $15 "liveable wage", by requiring mandatory My-RA contribution, these low wage serfs will be forced to buy government bonds at low interest rates. The pols and the banksters make big money while the serfs fake additional income just loses value due to inflation.
Hopenchange!
How Obama s myRA retirement accounts will work - Jan. 29 2014
Higher wages means more union dollars much of which ends up in the hands of Democrats.
Unions are very important to the Democratic party and the Democratic party is very important to unions.
Who lobbies for workers besides unions?
This is why the GOP wants to destroy unions. They will take down the Democrats if there are no more unions.
I've never had a union lobby for me. I've lobbied for myself based on what I offer not what some union extorts for. I guess those who can't do it own their own have to have a union do it for them.
If there were no unions, you wouldn't even know what you are worth. Unions fought for workers and brought our wages up. Without unions, you wouldn't even know your job is worth so much.
If you are making $100,000 k now, thank a union. Even if you weren't in a union, a rising tide lifts all boats.
In my day you graduated college with $5K student loan and got a $100K job. Today you graduate with $50K loan and get a $30K job. THAT is what you are worth my friend.
In fact if we were in a POW camp you'd work for me 10 hours a day for a potato. THAT is what you would be worth without unions or the labor movement schmuck.
You may not even realize it but maybe they helped your parents or grandparents. Even if you live in the south, unions helped you. How? Companies moved down south to avoid being unionized. We're ok with that. Just don't send the jobs to Mexico or China or India. And they pay such high wages in the southern toyota or honda plants because they don't want them unionizing. God bless unions.
Unfortunately poor young Americans are too stupid to organize. Hell, they won't even show up to vote. Fuck em!