Chuck Burton, Associated Press
We need to raise the minimum wage because a low minimum wage is effectively welfare for corporations. When profitable companies pay wages that people can't live on, the taxpayers often have to make up the difference. For example, in many states the largest group of Medicare and food stamp recipients are Wal-Mart employees. And who pays for this Medicare and food stamps? It's paid for by taxpayers like me.
So I say it is time to raise the minimum wage to at least $9 an hour because why should I pay taxes to subsidize corporate America? At a time when the stock market is back to records highs and corporate profits are through the roof, why should I pay taxes to support greedy companies who should be paying workers a living wage?
Marc Perkel
Gilroy, Calif.
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Excellent comment Maudine.
Corporate profits have been steadily climbing. CEO and Executive pay has skyrocketed.
Average worker pay has been fairly flat.
From International Business Daily
"Chief executive More..
The minimum wage would have to be raised to around $10.50/hr. just to regain the purchasing power it had in the sixties. Since the sixties, inflation adjusted per-capita GDP has doubled. In other words, America is twice as rich as it was back then. More..
If the minimum wage had grown at the same rate as executive pay, it would be over $20/hour.
Management does not need to make 300 times what the average employee of their company makes.
And before you go off about how raising More..