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Art, "family wage" jobs are like musical chairs. when the music stops, several million people are standing with no chair. If there were vacant family-wage jobs out there going unfilled, I would agree with you. As it is, I do not. And quite frankly, the "markets" are not going to provide enough of them for all the folks that need them. Heck, if the "Markets" were faced with a situation where that were true, you'd see a lot of frightened business owners. It would be the end of fast food and convenience stores as we know them. The "economy" would have to be ridiculously and insanely white hot in order for that to happen. Too hot to handle.
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If I don't like my paycheck, I (not govt) need to do something about it. How is this simple concept lost on so many? Life is not always fair. One has to play the cards they are dealt and make the best of it. Maybe some of these "head of household" types should have made better choices when they were younger instead of spitting out a bunch of babies before they were able to properly pay for them. Sure there are always going to be some examples of true hard luck stories, but the majority of folks flipping burgers for minimum wage are not going to continue to do so for the rest of their lives. |
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I don't claim to be as smart as you guys, and I have trouble keeping up with most of the conversations, but this one seems pretty simple. -Raise minimum wage. -Prices for all goods go up to compensate. -Joe schmo makes more but has to spend more so he really didn't get a raise. -I have to spend more but I didn't get a raise, so I actually got a cut in pay. -So it doesn't really help anybody, but it hurts many. :( |
Supe, do you mind if I PM you?
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Wow, I must be seeing things...
Since 1973 there have been multiple minimum wage increases, the minimum wage in 1973 was $2 an hour. The poverty rate was 11%. Ten minimum wage increases later the minimum wage is now $5.15 and the poverty rate is.....12%. Never mind, THIS time it will work...I swear. |
I just have a problem with the gubmint setting prices on anything. When will they start capping what we can sell cars and houses for?
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To those in favor of 'market forces' (ie plantation owners) - any rough idea of where would the "minimum wage" be if it were not mandated by state/federal law?
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Seems like minimum wage earners will just get a little more spending money. Probably a wash in terms of stimulating economy, adding a bit in tax revenue, and increasing business expense.
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BK911,
We should consider the additional spending money added to the economy when the increase purchases goods and services. It provides addtional income to businesses and their workers and a general boost to the economy. Let's say I make an additional $2 bucks an hour over a 40 hour week, or $80 (less tax). So, I take that money and my girlfriend to a movie and a pizza. Now the movie company is happier, the movie theater is happier, the pizza maker is happier. Multiply that times 5 or 6 million workers. Now, we can start worrying about inflation. Because, you've always gotta have something to worry about. |
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There's talk of the gov't here raising minimum wage as well. One things you guys have neglected to notice is what it does for the # of jobs available. Working from CDN stats, small business accounts for approx. 50% of jobs in Ontario. I can tell you from experience that most small business owners aren't getting filthy rich on the backs of their employees. There's a certain budget for labour, and the economics of that are simple. If there's $100 per opening hour to pay for labour and minimum wage goes up, well, there's not more budget to pay for labour, which means someone loses their job.
This happened to me as a teenager in a *****ty dishwashing job. NDP (left) provincial gov't was elected, raised minimum wage from about $5.50 to about $7, I lost my job. The restaurant didn't have suddenly start making more profits to pay employees a higher wage, so fewer employees got paid more to do more work. Plain and simple. Okay, not the end of the world for me, because it was an evening/weekend job in high school, but it would suck for someone relying on that for a living. And FTR, I disagree with the statement posted earlier that minimum wage shouldn't be for raising a family. I think that's the exact point of minimum wage, to ensure people can manage their household adequately. It may mean both parents working, and it may not work in extreme cases of something like 8 kids, and of course shouldn't allow for extravagances, but generally, minimum wage should be sufficient to feed, house and clothe a family. edit: just to clarify, min. wage in Ont. is $7.75/hr, which works out to $15,500/yr based on 40 hrs/wk and 50 wks/yr. That's before tax dollars, but you wouldn't get taxed much at that income level. That's more than enough to live comfortably on. I lived on less than that in university and I had to pay tuition and books (approx. $5k) out of that each year. And I didn't live in poverty. Not even close. |
Re: Raising minimum wage...how is this supposed to help?
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Them that have don't understand them that don't.
And visey versey...... |
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Why in the world should anyone be guaranteed a min. wage by law? If you can't live on min. wage, then you work harder or smarter to get ahead. If you can't, that's too bad. Life is hard on stupid people. Everyone should have the right to fail.
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