Many Democrats and Republicans are pushing to raise the minimum wage from it's current $5.15 a hour. What is the right minimum wage? Will raising the minimum wage by a substantial amount price the working poor people out of the job market?
Some will argue that the minimum wage is an ideal whose time has passed, while others see it as a must. A big increase will cause everyone to pay higher prices on goods and services. Is that a worthwhile price to pay? The increase in the minimum wage will help only a few of the people it is thought to help and will help them only a little while hurting some of them a lot.
When the government raises wages it does not guarantee jobs, it only guarantees that jobs will be paid at least a set minimum. Employers might see a $2.15 raise as a reason for judging each employee on his or her productivity, are they really worth $2.15 an hour more? If a $5.15 an hour employee is producing the same amount of work as he would be at $7.25 an hour the employer might try to get the production from three $5.15 a hour employees out of two $7.25 a hour employees ,thus one person would lose his or her job. The minimum wage does not make employees automatically more productive. Employers who must pay higher wages always look for other ways to be compensated. The cutting of non wage benefits, working labor harder or by cutting training all come into play.
The doing more with less will cost some to lose their jobs.
I can not agree that raising the minimum wage is a targeted policy for reducing poverty. The proposed raise translates to around $300 gross a month, such an amount will not raise a family of four out of poverty. If all the do gooders of the world think it will they need to wake up! This is not the do gooders benevolence at work, it's only their greed to fill their self worth. I just want all you do gooders to remember that everything you you do, everything you buy, everyplace you go is going to cost you more when and if the government raises the minimum wage. The cost of your self worth is going up!
wow a powerful article...I agree if they raise the wage then everything else will go up toooooooooooooooooo.
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