Quantcast
Moneywise

Mitt Romney: 'I think we ought to raise the minimum wage'

Comments

Return To Article
  • kiddsport Fairview, UT
    May 22, 2014 11:59 a.m.

    @Twin Lights
    Mitt's wrong. Period.
    "Analysis of prior increases in the minimum wage indicate little effect on unemployment."

    Since less than 5% of the workforce earns minimum wage, past changes would not have had a meaningful effect on the rate of unemployment.

    "If lower wages are good then we would eliminate the minimum wage altogether and have folks work of $1 an hour."

    Good idea. Let's eliminate the minimum wage. Close the borders so employers have to set their wage requirements according to the pool of legal American workers willing to accept that wage for the type of labor performed. They'll either have to pay more or automate. Wages will achieve a natural level in accordance with the available pool of prospects and skills. Automation will require additional technical workers who, if not already capable, will have to be trained. Either way, the economy gets a huge shot in the arm.

    Of course, all this is political theater because, as I said before, we are talking about a bare single digit percentage of the workforce.

  • kiddsport Fairview, UT
    May 22, 2014 10:31 a.m.

    @shuttdlrl
    "Instead of raising the minimum wage we should give government jobs to the less fortunate for job training." What we have done is given government jobs to the less qualified and now we have the IRS scandal, Fast & Furious, TSA, bankrupt cities, Obamacare website that doesn't work, and the list just keeps getting longer.

  • Twin Lights Louisville, KY
    May 16, 2014 2:17 p.m.

    Mitt's right. Period.

    Analysis of prior increases in the minimum wage indicate little effect on unemployment.

    If lower wages are good then we would eliminate the minimum wage altogether and have folks work of $1 an hour. No.

    From the comments above, there is little room left for a pragmatic conservative. It's all or nothing.

  • skeptic Phoenix, AZ
    May 15, 2014 1:40 p.m.

    Again, Who is Mitt? It is hard sometimes to figure out what side of the bed he is on; the only certainty is that his mattress is stuffed with more money than Zion's vault.

  • one vote Salt Lake City, UT
    May 13, 2014 12:21 p.m.

    Nice he is distancing himself from the radical tea party.

  • Mark B Eureka, CA
    May 12, 2014 3:08 p.m.

    Aren't these some of the same posters who insisted two years ago that Mitt was precisely the economic genius who would save our country? Now the poor guy expresses an opinion they don't like and it's suddenly time to throw him under the bus. I have no doubt that Mitt knows what the Koch Brothers want in terms of wage policy, because they probably sat him down and extracted a promise before coughing up the campaign cash. Trouble is, he doesn't buy it, folks. Not then OR now.

  • Fred44 Salt Lake City, Utah
    May 12, 2014 1:40 p.m.

    To bad this version of Mitt Romney didn't run for President. This is the one I could have voted for.

  • Midwest Mom Soldiers Grove, WI
    May 12, 2014 12:00 p.m.

    Teenagers need to save for college.

  • Anti Bush-Obama Chihuahua, 00
    May 12, 2014 11:44 a.m.

    And how was he supposed to be any different than Obama again?

  • Max Upstate, NY
    May 12, 2014 11:33 a.m.

    I would be nice if we could eliminate poverty by waving a wand. The minimum wage is smoke and mirrors. An increase will help some (mostly middle class teens) and hurt others (those with the least productive skills). Minimum wage jobs were never meant to be careers. If you are middle aged and are still making minimum wage, your problem isn't the minimum wage, your problem is that you have not developed the knowledge and skills to move up. The solution for you is to move up, not increase the wage for unskilled labor.

  • RedShirt USS Enterprise, UT
    May 12, 2014 11:33 a.m.

    To "Doklove" if you have a minimum wage based on age, that won't help either. Think about what that would do to moral at your business. You now have the 16 year old doing the same job as a 21 year old, yet the 16 year old is paid less. You also would have to figure out what to do with all of the people getting the adult pay that are suddenly fired and replaced with highschool and young college age kids that don't get the adult pay.

  • Doklove Quincy, IL
    May 12, 2014 10:49 a.m.

    Two thoughts on minimum wage- 1. Why doesn't it go up slowly like inflation. Maybe a 2-3% increase per year. It is silly to try to shock the system and increase the minimum wage by nearly $3 at one time.

    2. There should be at least a two-tiered system. 16 year olds selling popcorn at a movie theater don't need to make $10 per hour, or $7 for that matter, there should be a lower minimum wage for 16 year olds- of course keeping child labor laws in place, then when people are 21 or whatever age raise it to an adult minimum wage.

  • Ed Grady Idaho Falls, ID
    May 12, 2014 10:30 a.m.

    Oh dear, if they raise the minimum wage, I'll pay $1.05 for a cheap hamburger instead of $1.00. How will I survive!

  • Mikhail ALPINE, UT
    May 12, 2014 9:55 a.m.

    When I was young I worked at the minimum wage rate (between $3.50 per hour and $4.50 per hour). Of course, back then I paid less that $1.00 for a gallon of gas, my rent was less that $250 per month, an average new car cost less than $10,000.00, and groceries were much cheaper. Minimum wage has doubled since, gas prices have gone up 4X, rent has increased 3X to 4X, the average car has gone up in price 3X to 4X, and groceries by the same. Does inflation drive the minimum wage or does the minimum wage drive inflation. Since inflation has increased percentage wise at a greater rate than the minimum wage, I tend to believe that minimum wage pushes inflation ahead of it. When people think they have more money to spend, they spend it. Might the market be trusted as a better reflection of the worth of labor than the arbitration of the government. Reality tells me that when it costs more to make something, it costs more at the check-out line. I am certainly glad that I no longer have to rely upon the minimum wage laws to tell me how much I am worth in the marketplace.

  • Fitness Freak Salt Lake City, UT
    May 12, 2014 9:35 a.m.

    The solution is fairly simple.

    Just ENFORCE immigration law. Wages will rise naturally, plus we will lower our unemployment rate.

    Beware of politicians on BOTH sides of the aisle who talk "out of both sides of their mouth" we CAN'T have both higher wages, lower unemployment, while there are 30 million people working here (in the USA)who will work at substandard wages. It just won't work.

  • Jamescmeyer Midwest City, USA, OK
    May 12, 2014 6:29 a.m.

    It's worth noting that neither Romney nor Santorum seem to oppose of the principle expressed by the speaker of the house; they've said clearly that it's a matter of reaching people. On its own that's not necessarily a bad thing... But the 80%-whatever people who oppose a minimum wage increase represent the 80%-whatever people who haven't studied economics, and who don't stand to lose their job if they do make the increase.

    Beyond that, even Br. Romney isn't perfect.

  • Weberboy Fruit Heights, UT
    May 11, 2014 9:51 p.m.

    Raising the minimum wage raises inflation which raises prices so it's really a useless argument. Move on.

  • cjb Bountiful, UT
    May 11, 2014 8:14 p.m.

    Raising the minimum wage will kill some jobs. Another tool that ought to be under more consideration is the negative income tax.

  • Mark B Eureka, CA
    May 11, 2014 7:59 p.m.

    Look what we've come to - sarcasm at Mitt's expense. Pretty sad, all right.

  • DN Subscriber Cottonwood Heights, UT
    May 11, 2014 7:58 p.m.

    With Republicans pushing ideas like this, I can no longer think of any reason to vote for Republicans. If I wanted to impose increased minimum wages and other economically ruinous schemes, then I might as well go with a Democrat "evil party" ideas, instead of the half-hearted Republican imitations which have earned them the name as the "stupid party."

    I will only vote for conservative candidates, and contribute to their campaigns directly. Not another dime for the Republican "party" at any level.

    And, if conservative ideas lose, and increased minimum wage gets passed, then it will just ruin the economy and destroy more jobs, as we hurtle downward into national bankruptcy.

    I pity the children who will grow up saddled with the consequences of the poor decisions being made by politicians (of both parties!) today. Their "increased minimum wage" will be swallowed by inflation, if they are even able to get a job at all.

  • UtahBlueDevil Durham, NC
    May 11, 2014 7:55 p.m.

    %samhill..... pretty sure no one said anything about not working at all.... but mice head long dive into stereotypes that those that work for minimum wage are just jealous of you and don't want to work at all....

    Of course the fact that they get up every day, and do jobs that no one else wants to do, for a wage that most others wouldn't want to work for, just so that they can have something to put on the table, and a roof over their head.... I see why that is a grand reason to mock these people.

    Most people are a only handful of no paycheck months from being in the same position that these people are. Industries move. Businesses close. Financial conditions change. To mock the poor....

  • shuttdlrl Smith River, CA
    May 11, 2014 7:41 p.m.

    Instead of raising the minimum wage we should give government jobs to the less fortunate for job training. Then they can make enough money to be self sufficient

  • AZKID Mapleton, UT
    May 11, 2014 7:36 p.m.

    If we want to eliminate poverty, do two things: First, pursue public policy that strengthens the traditional family. Study after study has shown that intact, biological families lead directly to lower rates of poverty. Second, go ahead and raise the minimum wage, but index it to age and marital status. Unmarried teens stay at the current rate. Older persons make more, because they are more likely to be out of the nest. Married persons make even more, because they would likely have more mouths to feed. Plus, we would be rewarding the very behaviour that will ultimately lift the person and their children out of poverty.

  • The Real Maverick Orem, UT
    May 11, 2014 7:09 p.m.

    So either raising the min wage won't hurt as much as the GOP has tried to make it sound or Mitt Romney doesn't understand the economy.

    Which is it repubs?

    Time to decide and stop sitting on the fence? Is Bro Romney right or wrong?

  • samhill Salt Lake City, UT
    May 10, 2014 4:22 p.m.

    I like the idea espouse by "I Choose Freedom", to set the minimum wage high enough to eliminate poverty completely. However, I think the wage amount chosen is much too low. I think a minimum wage of $1,000,000/hr. would be great since that would allow people to not only escape poverty but also, in a very short amount of time and work, earn enough to simply retire. WooHOo!!

    Why eliminate only poverty. Let's eliminate the need to work at all!!

    Now **that's** progress!!

  • I Choose Freedom Atlanta, GA
    May 9, 2014 9:08 p.m.

    It should be increased to $30 per hour so that we can eliminate poverty at the same time. We should also establish a minimum grade in our schools. If we made a "B" the lowest grade possible then a lot more people would qualify to get into college. And since we need more engineers and scientists, let's make the minimum grade in those really hard classes an "A" so that they can qualify to get into MIT, Georgia Tech, Stanford, etc. Just think about it, we can solve a lot of the world's problems by just mandating a minimum acceptable level. We could even mandate that the Ute's have a minimum six wins each year. Then they may be able to qualify for a bowl game again.