I will be the first to tell you that we should help as many people as we can, within reason. Minimum wage jobs are not meant for those with families. Minimum wage jobs should be temporary and/or for college students. Minimum wage jobs are not careers. Economics 101 shows why minimum wage jobs pay so little. If people want to make more money, they need to bring more value to society. People cannot just demand more money. Well, they can, but not without consequences. Your thoughts?
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Where did you get those statistics?
Google, there are thousands of non biased pages you can read these stats on. However if it is a site ran by conservatives it seems to manipulate those stats.
in conjunction with helping people get off of food stamps, raising the minimum wage would save the government $46 billion over 10 years in spending on the Supplemental Nutrition Assistance Program (SNAP) as people earn enough to get off gov't dole
ptosis, what do you think employers will do when the minimum wage increases? They will cut people's hours. Fast food restaurants cannot handle the burden of the increased labor expense. Less people will have to do more.
Very good comments. I hadn't viewed it that way. At the same time, artificial increases in wages that are not driven by economic forces are always dangerous. The housing crisis was a result of artificial home values.
Wrong the housing bubble was because Banks have treated our housing market like a Ponzi scheme. lenders’ consistently reckless and predatory behavior and not the irresponsible homeowners who borrowed beyond their means was the root cause.
As someone who has been in real estate for the last 12 years, ptosis is right. We didn't over estimate values, banks loaned to ppl with poor credit, no job, no income verification, loaned to anyone which caused the housing crisis! Great answer dash!
ptosis & annsalo, people borrowed too much. Banks had a surplus of money to lend. All of that money allowed people to offer more for homes which resulted in inflated home values.
Banks didn't have a surplus, the majority of loans that caused the problem were government backed loans. I was selling homes during it. Home prices in our state were about the same as now. They knew government would bail them out!
Annsalo, I couldn't help notice that your hubs focus on being broke. There is a book in the Bible that says, "For as he thinks in his heart, so is he." Life becomes what one focuses on. Sorry. I felt compelled to share.
Please don't assume to know anything about me based on those articles. They are meant to help those in a position I have lived in and overcome, thankfully! Some of us actually like being able to help others.
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ptosis, low wage workers should not be having families. People do not want to take responsibility for themselves. They want the government to take responsibility for them. "Increase minimum wage" they say.
OK so I had a job, a family and then lost the job, so I should kill my kids or sell them? Is that what you are saying ? El Shaddai - what kind of family did you grow up in?
Why not get the same kind of job you had before, assuming you were making a decent wage. I grew up in a poor family. I learned from the mistakes of my parents.
LOL!! You are funny. The reality is that people who earn minimum wage should not be having families. People have to learn to live within their means and not rely on the government for help.
Some people HAD better jobs, they lost them in the crisis and now are stuck with what they can get.
the minimum wage in 1968 was about $9.40 in today's dollars: "So that means that today, America's lowest paid workers are being paid about 23 percent less than they were 45 years ago."
I've gotten a raise twice and I'm still about 60 cents short of that >.>
Annsalo, they should find a similar job to the one they lost. ptosis, where did you get that statistic? Link10103, the key is to get a job that is higher in demand.
If it were that easy don't you think they would? No one WANTS to make $7.25 especially when they are over qualified.
Increases in minimum wages drive companies to develop technology that can replace humans. We have seen this at big chain stores through the use of self check out machines.
I think that's what was said about child labor and the 17 hour work day about a hundred years ago, or Slavery previously to that. Survived freedom and children going to school. I think we can survive this.
ptosis, people will survive. The problem is that quality of life will not improve. People will work less hours, forcing many to share housing, making life uncomfortable.