On May 2, 2014 at 20:56, Fins said...
The minimum wage should be raised regularly. And the current federal rate is a problem because it's actually lower than the welfare rate. But, an extra $12k per employee is a big chunk for employers to swallow. And you act like this will elevate a group of workers into a different economic class. But the reality is, they will still be bottom level, minimum wage workers, and other salaries and expenses in the area will go up, keeping the status quo.
A statement based in nothing more than simplistic assumptions and faith.
Contrarily, if you reduce pay to all these employees will all prices reduce and keep the status quo? So it doesn't matter?
A person who makes 30K a year that gets a 12k increase over a few years is making significantly more money whether or not they are classified minimum wage or move into another economic class.
The fact is they are making a significantly more money.
Assuming that all prices for goods this minimum wage worker consumes will rise commensurate with their wage increase, therefore it's not worth doing anything/status quo, is a common statement detractors make.
Please feel free to share any data or academic studies that show raising wages on workers on the lowest end of the economic scale will cause goods to rise commensurate with their wage increases.
Not only does it not make any sense, stuff like
this completely destroys that argument.
Last edited by BigPapa on May 3, 2014 10:31.
