killpackSorry, read the EPI's report. There is no evidence that an
increase in the minimum wage destroys jobs.
"According to the Economic Policy Institute, the raise to $9.80 an hour
would create roughly 100,000 new net jobs while increasing GDP by about $25
billion."This is pure fantasy! Do not believe these phony
numbers! It is IMPOSSIBLE to raise minimum wage and create jobs. It goes against
everything that is logical. I believe in free speech, but this person seriously
needs to take a basic course in Economics before writing nonsense. Shame on
whoever published this. It is an utter falsehood. Raising the minimum wage to
$9.80 (an increase of over 25%!) will NOT create 100,000 net new jobs. It will
destroy jobs! Businesses will not hire more people if minimum wage is increased.
They will be LESS inclined to hire. This should be obvious to everyone. Do not
fall for this silliness.
"yes, the country should increase the minimum wage"disagreed.Increasing the minimum wage will only send more jobs
overseas, increasing our unemployment qrate. What does it take to convince
people that we are in a global market? Other countries, hungry for jobs, can
produce as well with cheaper wages... such as China and Japan. This regardless
of what is set as a minimum wage. Go to Wal-Mart or any big box store and look
at any merchandise. What do you see? 'Made in China.' 'Made in
Indonesia.' Etc. How can we reduce unemployment in the US with that
scenario? Jobs flipping hamburgers at McDonald's and selling auto insurance
just won't cut it.Not only do foreigners pay lower wages, they
have little or no payroll taxes such as SS and medicare. And by and large, their
corporate taxes undercut ours by significant percentages.I fear
Obama's 8.5% unemployment is here to stay... if we can only keep it. In the
future we will be looking back at an 8.5 saying WOW! if we could only get back
to that low 8.5% rate?When will we wake up?
How about a maximum wage? Starting with Govt. workers.
The "minimum wage" is just another fantasy cooked up by Congress to buy
votes in an election year. Anyone who can read knows what happens when the
"minimum wage" is raised. PRICES GO UP to compensate. Because
government takes such a huge bite out of our paychecks, prices go up even higher
than wages.Just visit your local McDonalds. How much does a Big Mac
cost today? How much did it costs before the last "minimum wage"
increase? Get a clue, Congress. You don't have the authority to legislate
wages. It's not in the Constitution. If Congress wants to do
something proactive, then require them to index income taxes to inflation. In
other words, if inflation destroys our buying power, then raise the ceiling in
each tax bracket to compensate. That is something that Congress has the power
and the authority to do - but they never will. Increasing the minimum wage has
a trickle effect causing all wages to go up - meaning that we get hit with a
defacto tax increase even as our buying power goes down.
The Obama admin passed the last min wage raise and here we are talking about it
again. Why did they not tie it to the price index so we could be done with the
issue? Min wage is the biggest political football the dems can use. Goes right
along with the entitlement mentality. Lets get it fixed and tied to a price
No, lets cut the minimum wage. That way the wealthy can hoard even more money
and create more jobs in Asia and India.
@higvI believe the word you were searching for is "where."
But in answer to your questions, here's another: Why don't we just
give all productive workers in a business a "fair" share of the profits?
Then we don't have to worry about minimum wage. Their pay would then be
similar to that of the business owner who assumes he "owns" the whole
enchilada, including the lives, ideas, and productive efforts of the people he
employs ("employ" being a synonym for "use"). How each business
decides what is "fair" is up for discussion and should probably be made
democratically (it's sort of the American way), but at least this would be
a starting point for correcting the gross imbalance in wealth we are nurturing
in this country and that will eventually be our downfall.
Another thing that would increase domestic employment would be to radically
reduce the corporate tax which is the highest in the world here in the USA and
is a siificant part of the reason that corporatios outsource. I'm all for
removing that disincentive from American companies. American workers do a good
job, often far better than the Chinese worker who approaches production in a
more collective way than tne American worker.Chinese wages have been
increasing for some time and the gap between the American and Chinese wage bill
has consequently narrowed somewhat; reduce our maximum corporate tax to, say
20% (Chinese is 25% if I remember right), and corporations may have neither
reason nor pretext for outsourcing. A few UK firms have already moved factories
back "home" (to Britain)and save enough on the expenses associated with
outsourcing to make it feasible.
I would add that expanding union, say a Federation of Service Industry
Employees, would automatically increase wages and opportunities for low income
Completely agree with this excellent letter. As for concerns that it will be
inflationary, it will increase unemployment, none of that happened previously
when the minimum wage was increased, and they won't happen now. As for the
imagined Obamacare apocalypse, read the legislation. Small businesses can
receive assistance to help cover their employees.
"If you put in an honest day's work, you should not have to live in
poverty." That would be nice, and not only in the US. It would be good
world-wide.An enforced minimum wage world-wide would not only
address poverty, it would also prevent near slave-labor.Increase the
minimum wage, and place tariffs on goods from countries that refuse to treat
their people fairly.
Then businesses will have to raise prices. Were is minimum wage for business
owners, since they can only pay what comes in to there business. Why should
someone get paid merely for showing up when they don't produce that much
money for the business in an hour. Were is incentive, Skills and education
help people make more than minimum wage not government. Can people make more
than minimum wage without government help?
I would welcome a rise in the minimum wage under two caveats that the
Congressperson doesn't address at all.1. ENFORCE illegal
immigration; including, but not limited to horrific fines, on employers who hire
illegal immigrants. Without better enforcement even more employers will be
adding the 3-4$ per hr. workers.2. Repeal Obamacare. How many
employers do you suppose are going to pay workers higher wages ALONG WITH
providing forced government insurance to the new hires?Actually,
implementation of the first point might actually solve the minimum wage problem
but we'll never really know because Kalifornia (the authors state) is one
of the worst offenders when it comes to immigration enforcement.
Raising the minimum wage is not a way to help low wage workers. It is a way to
increase unemployment. There is a market clearing price for labor, and if you
raise that rate too high, employers with not hire more people. Employment will
decrease, because job creators won't be able to afford higher rates, and
will get by without extra help.
The problem is more to do with inflation, care of government and their
bedfellows in the federal reserve, and unemployment care of government and
employers who outsource and hire illegal aliens, apparently most employers.We need to get to the root causes of these issues and not let
politicians, special interests and media impose their own agendas and fantasies
upon the people. The people themselves could be on better terms with the
Almighty and I don't mean the almighty dollar.