A bankrupt state raises the minimum wage. Brilliant.
Socialists never tire of spending other people's money.If
$10.10 is good, why not raise the minimum wage to $50.00 per hour? Heck raise
it to $500 per hour like lawyers get, that way everyone will be a millionaire,
right?Of course a Big Mac will cost $95.00, but who cares, everyone
will be a millionaire.
I don't think many people live in or visit Hawaii because it's cheap.
Now watch a corresponding rise in the cost of living. Every time you raise the
minimum wage, prices increase.
@DN Subscriber wrote: "Socialists never tire of spending other people's
money."That would almost be relevant if this article were
discussing giveaways. But it's not. It's about money earned by the
working poor.At $7.25 an hour, assuming a 40-hour week, 50 weeks a
year, a worker will earn $14,500 a year. At $10.10, that's $20,200 a
year.The HHS poverty guidelines show the poverty line being $13,420
for a household of 1, and $18,090 for a household of 2.So, yeah,
Good for Hawaii. If a state wants to raise their minimum wage, go ahead. But
let's not raise the national minimum wage.
I recently read that Switzerland's voters soundly rejected an attempt by
liberals there to establish a minimum wage of $25/hr. Switzerland's
unemployment rate is 3.2% and they have no minimum wage laws. Also, everyone in
Switzerland owns a firearm and Switzerland has the lowest crime rate in the
world! Obviously there is no connection between minimum wages and prosperity nor
is there any connection between guns and crime.
It will be interesting to see the effects of this hike in wages. Time will
Sad day for my native state. The cost of living will rise even higher than it
already has in Hawaii.
One of the justifications for raising the minimum wage is that the current
minimum wage is not a "livable wage". News flash: $10.10 per hour is not
a livable wage, either. It appears that all it really does is eliminate jobs for
Forget minimum wage. The CEO cannot earn more in total compensation
than 20 times the lowest wage paid. Problem solved.
Hawaii is a difficult state to live in. It is the most populous and
remote archipelago of islands on earth, and virtually everything must be
imported there -- from diesel fuel from southeast Asia to make electricity to
food to construction materials. On Oahu, a tiny house can cost close to a
million dollars, and citizens are stuck in traffic in what for us appear to be
relatively short commutes. Tourism is its main industry, but the
recession has hurt that industry, and the types of jobs coming from tourism
aren't lucrative -- waiting tables, hotel maid, retailing, and attending
tourist attractions, mostly all minimum wage jobs. Land is scarce, and
development of non-tourist-based industries difficult to launch.Outside Oahu, most of the outer islands are mostly rural and very remote, and
job prospects are even more challenging to cultivate.We can all wish
that the "free market" would create opportunities for Hawaii's
poor, but it hasn't. A lot of Hawaii's poor are on social welfare,
paid by tax dollars. Do we wait and hope the free market will work? Or does
government step in to make some fixes for the poorest of Hawaiians?
Dear Understands Math--you apparently do not understand economics. A mandated
increase in wages without a corresponding increase in productivity will mean an
eventual rise in prices-resulting in inflation which devalues the worth of the
dollar, and thus diminishes the purchasing power of wages and savings. An
increase in the minimum wage amounts to stealing from everyone.
@ Stormwalker, Interesting idea. Tie it to the stockholder's too?
The cost of living has already increased. The dollar has lost value.
Increasing the minimum wage is just the final recognition of what already
happened. We should raise the minimum wage here in Utah. We have a better
workforce and lower unemployment. We could raise it and would not see much
change, other than the lowest paid people would get a needed boost.