Is raising the minimum rage a good idea?
Is raising the minimum rage a good idea?
The obvious benefit is more money for those making minimum wage.
However, others say that employers will have to eliminate positions because they will have to pay extra. Also, states that are in a financial crunch / deficit will have an increased burden on their budgets because of the federal increase in the minimum wage.
Discuss.
However, others say that employers will have to eliminate positions because they will have to pay extra. Also, states that are in a financial crunch / deficit will have an increased burden on their budgets because of the federal increase in the minimum wage.
Discuss.
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Re: Is raising the minimum rage a good idea?
I rather think many people on a minimum wage may be venting maximum rage.
Anyway, it's economics 101 : if you mandate a higher price for labor without any equivalent return in increased production, you will reduce demand for labor and you will not reduce unemployment, particularly in marginal jobs where the minimum wage is more common. That said, there may be wider social/community benefits from a minimum wage, eg. attempting to reduce growing income inequality, adding more spending power on the part of low-paid employees.
Beyond this, I have generally felt that what's really limiting job creation in the middle to low incomes is the payroll tax.
Anyway, it's economics 101 : if you mandate a higher price for labor without any equivalent return in increased production, you will reduce demand for labor and you will not reduce unemployment, particularly in marginal jobs where the minimum wage is more common. That said, there may be wider social/community benefits from a minimum wage, eg. attempting to reduce growing income inequality, adding more spending power on the part of low-paid employees.
Beyond this, I have generally felt that what's really limiting job creation in the middle to low incomes is the payroll tax.
Re: Is raising the minimum rage a good idea?
I think what is limiting job creation in this sector is the unlimited recession caused by the unlimited risks taken by those on unlimited wages which the country is having to bail out with an unlimited amount.Beyond this, I have generally felt that what's really limiting job creation in the middle to low incomes is the payroll tax.
2022: The year of the Squid Singularity
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Re: Is raising the minimum rage a good idea?
Well, we can always have a different discussion about the wider economic issues which confront us in dealing with the recession.I think what is limiting job creation in this sector is the unlimited recession caused by the unlimited risks taken by those on unlimited wages which the country is having to bail out with an unlimited amount.Beyond this, I have generally felt that what's really limiting job creation in the middle to low incomes is the payroll tax.
Re: Is raising the minimum rage a good idea?
I guess it all depends if the raising takes place in China or in the USA.The obvious benefit is more money for those making minimum wage.
However, others say that employers will have to eliminate positions because they will have to pay extra. Also, states that are in a financial crunch / deficit will have an increased burden on their budgets because of the federal increase in the minimum wage.
Discuss.
Just another cast away from AD.com that reached AD.info island.
Re: Is raising the minimum rage a good idea?
I am waiting for the relevance to kick in.I think what is limiting job creation in this sector is the unlimited recession caused by the unlimited risks taken by those on unlimited wages which the country is having to bail out with an unlimited amount.
Nope. Nothing.
"I'm putting an end to this f*ckery." - Rayna Boyanov
Re: Is raising the minimum rage a good idea?
Let me put it this way,in the form of an analogy to help you understand.; say you design an aeroplane using a computer programme and the aeroplane falls apart under testing well before it was predicted to do so because the engineers don't understand the material or know what their doing, is the computer at fault or the engineers?I am waiting for the relevance to kick in.
Nope. Nothing.
2022: The year of the Squid Singularity
Re: Is raising the minimum rage a good idea?
Yes....is the computer at fault or the engineers?
"I'm putting an end to this f*ckery." - Rayna Boyanov
Re: Is raising the minimum rage a good idea?
Higher minimum wage means less tax money wasted on food stamps and other subsidies for WalMart employees.
Re: Is raising the minimum wage a good idea?
how embarrassing... i meant to have said wage, not rage, in the subject line.
call it a wonzie moment.
call it a wonzie moment.
Re: Is raising the minimum rage a good idea?
As someone said, maybe it would be good if China raised the minimum rage.
Commercial Pilot, Vandelay Industries, Inc., Plant Nutrient Division.
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Re: Is raising the minimum rage a good idea?
Well, they don't have a minimum wage, but assuming they did, and they raised it, how in your opinion would that add to the sum of human happiness (or American happiness) without rage ?As someone said, maybe it would be good if China raised the minimum rage.
Re: Is raising the minimum rage a good idea?
This thread really burns me.
"I'm putting an end to this f*ckery." - Rayna Boyanov
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Re: Is raising the minimum rage a good idea?
Fabulous album with a very disturbing cover. Always gives me the heebie-jeebies. But it definitely fits the band to a tee, so I understand why they chose it.
My daughter thinks she's going to be the next Tom Morello. (Well, that is when she doesn't think she's going to be the next JK Rowling or the first female president, but I digress). We were listening to "Killing in the Name" in the car the other day. She likes their music, but doesn't really listen to the lyrics yet (which is a good thing with an 11-year old and RATM, but I digress again). I was about to turn it off because it got to the part where Zack just screams "F*ck you, I won't do what you tell me" over and over again, but I noticed it hadn't even registered with her, so I just let it go.
My daughter thinks she's going to be the next Tom Morello. (Well, that is when she doesn't think she's going to be the next JK Rowling or the first female president, but I digress). We were listening to "Killing in the Name" in the car the other day. She likes their music, but doesn't really listen to the lyrics yet (which is a good thing with an 11-year old and RATM, but I digress again). I was about to turn it off because it got to the part where Zack just screams "F*ck you, I won't do what you tell me" over and over again, but I noticed it hadn't even registered with her, so I just let it go.
~~~ In Oxford Town, you smell like dead lab rats. ~~~
Re: Is raising the minimum rage a good idea?
http://www.youtube.com/watch?v=ooarT3cn8_oI was about to turn it off because it got to the part where Zack just screams "F*ck you, I won't do what you tell me" over and over again, but I noticed it hadn't even registered with her, so I just let it go.
2022: The year of the Squid Singularity
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Re: Is raising the minimum rage a good idea?
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From latest GDP numbers. Today's GDP vs 1929's.
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From latest GDP numbers. Today's GDP vs 1929's.
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Roger Murdock: We have clearance, Clarence.
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
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Re: Is raising the minimum rage a good idea?
Brilliant! And I should've thought of it myself.http://www.youtube.com/watch?v=ooarT3cn8_oI was about to turn it off because it got to the part where Zack just screams "F*ck you, I won't do what you tell me" over and over again, but I noticed it hadn't even registered with her, so I just let it go.
Help you, I'll sure do what you tell me!
~~~ In Oxford Town, you smell like dead lab rats. ~~~
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Re: Is raising the minimum rage a good idea?
Forgot to add the 2nd sentence. Here they are again.
From latest GDP numbers. Today's GDP vs 1929's.
At the current rate we have 46% of a 1929 type depression.
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From latest GDP numbers. Today's GDP vs 1929's.
At the current rate we have 46% of a 1929 type depression.
.
Roger Murdock: We have clearance, Clarence.
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
- aardvark2zz
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Re: Is raising the minimum rage a good idea?
I find it very disconcerting, that before Sept 2008, the big US military complex didn't seem to have advised Bush2, at all, about the upcoming world economic collapse !??????
They could at least watch utube and do a search for Peter Schiff, "Dr Doom", or other.
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They could at least watch utube and do a search for Peter Schiff, "Dr Doom", or other.
.
Roger Murdock: We have clearance, Clarence.
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
Capt. Clarence Oveur: Roger, Roger. What's our vector, Victor?
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