minimum wage

[dreamdancer 0]

the new 'new deal' should obviously include a substantial increase in the minimum wage (at least doubling it). this will have the benefit of fewer workers drawing government benefits, reducing the demand for migrant labour and increasing the velocity of money (helping fight deflation)

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[rushmc 23]

As it has before, an increase in the minumum wage would put more out of work and therfore MORE on the government programs

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Andy9o8 2]

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As it has before, an increase in the minumum wage would put more out of work and therfore MORE on the government programs

A tit ain't worth much if there ain't no babies.

[dreamdancer 0]

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As it has before, an increase in the minumum wage would put more out of work and therfore MORE on the government programs

nope, increasing the minimum wage doesn't increase unemployment (tell me when you think it has)

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[dreamdancer 0]

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A tit ain't worth much if there ain't no babies.

you have babies? (presumably lots of them)

stay away from moving propellers - they bite
blue skies from thai sky adventures
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[kbordson 8]

I disagree.

With the current increases already in effect by President Bush from 2007, the minimum wage will be raised to $7.25 in July 2009. That amounts to approx 15k gross. For an entry level job, like right out of high school or in between positions. You shouldn't be striving to stay in a minimum wage job for all time. That should just be a starting point, either in that company or career or in life.

AND take into account what you are actually GIVING for that income. 40 hours of work. If you work more - you get overtime. When I was a resident - I worked 80hours/week and was salary at 35k (and gave up every other weekend and was on call in the hospital one in five, sometimes one in three nights) But I understood that it was an ENTRY level... even though it worked out to 8.41 per hour. (and that was with a 4year bachelors, and 4yr post graduate medical school)

Finally considering all the extra taxes that these small business owners are now going to have to pay out of his/her own pockets, you think that they will have the extra to just hand out for entry labor jobs. Nope. They'll just decrease their employment forces. LESS jobs, as mentioned above.

[dreamdancer 0]

you're predicting more unemployment but not telling when it has happened before - it's a myth

in the uk we first introduced a minimum wage (about $8/hour and a national health service thrown in) only a few years back and unemployment went down - strange

if you set the minimum wage too low all you do is suck spending power out of those who would most use/need it (decreasing the velocity of money) and drag in vast amounts of migrant labour to work

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[kbordson 8]

But you're ignoring all the extra taxes that the small business owners are already getting hit with.

It's not JUST the minimum wage that would decrease their job force. It would be the ability to profit as a company.

Also... then prices will increase to offset the taxes and the increased wage.

So then we will need more government controls to keep the EVIL business owners in check with their "price gouging." So then it will cost MORE to make a product and less and less and less return. How long can you keep the doors open in that situation.

[dreamdancer 0]

so you're now saying that increasing the minimum wage doesn't increase unemployment - it's the taxes that do it (keep spinning, you'll get there eventually)

minimum wage workers earning more will spend more, thus increasing tax revenue

and, because they spend it quickly, employment and the economy will be boosted in a 'trickle-up' effect rather than the bankers 'trickle-down' conjob

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[chuckakers 426]

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the new 'new deal' should obviously include a substantial increase in the minimum wage (at least doubling it). this will have the benefit of fewer workers drawing government benefits, reducing the demand for migrant labour and increasing the velocity of money (helping fight deflation)

Doubling the minimum wage won't make lazy people go to work.

Chuck Akers
D-10855
Houston, TX

[kbordson 8]

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so you're now saying that increasing the minimum wage doesn't increase unemployment - it's the taxes that do it (keep spinning, you'll get there eventually)

minimum wage workers earning more will spend more, thus increasing tax revenue

and, because they spend it quickly, employment and the economy will be boosted in a 'trickle-up' effect rather than the bankers 'trickle-down' conjob

No... read my posts. There is no spin. I just disagree with you.

I'm saying that increasing the cost of business (whether it's taxes or wages or benefits) will push companies to find ways to increase profit or decrease the modifiable costs - employ less or buy from non US.

There is only so much profitability in some companies. You take away that margin, no company. No company, no jobs.

[rushmc 23]

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As it has before, an increase in the minumum wage would put more out of work and therfore MORE on the government programs

nope, increasing the minimum wage doesn't increase unemployment (tell me when you think it has)

Every time manditory increases in the min wage have been implimented, thats when.

Your proposal does not surprise me however and the "big govermnet should control all" crowd is having a ball right now.


Never waste a good crisis says Hillary and Geithner ....
So be though.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[dreamdancer 0]

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Doubling the minimum wage won't make lazy people go to work.

i'll think you'll find that doubling the minimum wage will definitely entice lazy people out to work - duh!

(and if they're not already working who is supporting them?)

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[kbordson 8]

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(and if they're not already working who is supporting them?)

(don't take the bait.... don't take the bait..... don't take the bait......)

[dreamdancer 0]

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Every time manditory increases in the min wage have been implimented, thats when.

Your proposal does not surprise me however and the "big govermnet should control all" crowd is having a ball right now.

but you don't have any actual facts to hand (just your opinion that it's 'every time')?

is that the big bankers government you're on about?

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[dreamdancer 0]

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No company, no jobs.

you should read what adam smith actually said about 'companies'

(remember real, living people make companies - not the other way round)

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[dreamdancer 0]

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(don't take the bait.... don't take the bait..... don't take the bait......)

hear that whistle?

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[rushmc 23]

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Every time manditory increases in the min wage have been implimented, thats when.

Your proposal does not surprise me however and the "big govermnet should control all" crowd is having a ball right now.

but you don't have any actual facts to hand (just your opinion that it's 'every time')?

is that the big bankers government you're on about?

YOU are the one that says it will make it better. YOU need to provide the proof. I know what I have seen and read in the past so I know what you say is crap.

As for the big bankers government? You need to be less cryptic..........

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[dreamdancer 0]

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YOU are the one that says it will make it better. YOU need to provide the proof. I know what I have seen and read in the past so I know what you say is crap.

i've already given proof (the uk introduction of a minimum wage about ten years ago)

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blue skies from thai sky adventures
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[airdvr 210]

I know from simple economics that an increase in the minimum wage results in an upward spiral of prices.

The increased buying power you get is offset by increases in prices.

And, it can force some businesses on the edge out of business. But that's OK, we can always bail 'em out.

Please don't dent the planet.

Destinations by Roxanne

[rushmc 23]

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YOU are the one that says it will make it better. YOU need to provide the proof. I know what I have seen and read in the past so I know what you say is crap.

i've already given proof (the uk introduction of a minimum wage about ten years ago)

You stating it makes it proof?

Ok

Good enough for me.......

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

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I know from simple economics that an increase in the minimum wage results in an upward spiral of prices.

The increased buying power you get is offset by increases in prices.

And, it can force some businesses on the edge out of business. But that's OK, we can always bail 'em out.

I forgot about the bail out. good point!

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kbordson 8]

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YOU are the one that says it will make it better. YOU need to provide the proof. I know what I have seen and read in the past so I know what you say is crap.

i've already given proof (the uk introduction of a minimum wage about ten years ago)

The fact that the UK introduced the minimum wage 10yrs ago is irrevelant to this conversation. The US instituted it in 1938. . . . but what does that have to do with the argument.

Basic situation - minimum wage jobs are NOT careers. They are NOT an ending place. You should be striving for better and more. They are entry level positions. If you're still in the same minimum wage job after 5-10yrs, that's your fault not your companies.

[dreamdancer 0]

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I know from simple economics that an increase in the minimum wage results in an upward spiral of prices.

is this the same simple economics that didn't predict the credit crunch and depression?

mmmmmm.....

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[dreamdancer 0]

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The fact that the UK introduced the minimum wage 10yrs ago is irrevelant to this conversation.

no, it's not (you just think it is - but then you probably think the moon doesn't affect the tides)

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding