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Because it is universally appreciated in every country it’s allowed to be consumed and because America is the greatest of all these countries, the French word for bacon must be…
Asked by Anonymous
Asked by Anonymous
The most semi-logical argument for raising the minimum wage I’ve heard is the progressive argument, “the best customer is a well-paid worker” or in other words, if you put more money in the workers/employees hands then they will stimulate the economy and get off the government dole.
Why it’s wrong: Even a 30% increase like the President is proposing isn’t that big of a change for most minimum wage workers. It’s like an extra $100 a week before taxes. The problem is everything that has happened in the background. Companies are going to have to find ways to pay for that increased cost in labor. They will either have to a) shed workers, b) shed hours, c) increase the product/service price or d) all of the above. When you increase the product/service price it puts minimum wage workers right back in the same place they were before it was raised. Suddenly their $100 doesn’t seem so special when a Big Mac, bread and beer has gone up 30% as well. Not to mention raising the minimum wage isn’t going to help get anyone off the government dole because their household income still most likely will qualify.
The truth is, the minimum wage doesn’t need to change (although I’d argue there doesn’t need to be one at all.) Most people on minimum wage are young unskilled workers. When you raise the minimum price of labor, employers will start looking for competitive skilled labor that will be more worth the labor price. In essence it could hurt the very people it touts to benefit.
Do some damn fact checking, please.
Age of minimum wage workers: http://www.epi.org/publication/wage-workers-older-88-percent-workers-benefit/
Cost increases for increasing the minimum wage (hint: It’s not dollar-for-dollar like you’re trying to say it is): http://laborcenter.berkeley.edu/retail/bigbox_livingwage_policies11.pdf
The idea that raising the minimum wage is in any way “wrong”: http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00039
Also, even if people would still qualify for welfare, they would still have increased buying power, and they wouldn’t need as much assistance. So I don’t even know what your point was there.
I have done my research and it wasn’t from a bunch of leftwing thinktank websites and progressive hacks.
I was correct in saying most people on minimum wage are young unskilled workers. Straight from the US Census. It doesn’t matter if they’re 16 or 25, both are young…and unskilled. That’s the point of minimum wage labor. These jobs are not supposed to be permanent…and in most cases they aren’t. There’s a thing called income mobility where people start at the bottom, learn skills then either receive raises or find better higher paying jobs. Although it was shocking that 2,000 people with doctoral degrees are said to be at or below minimum wage.
The problem with that Berkeley study you kindly dropped like a dead fish is that it bases all its findings on a big box corporation like Walmart. It says absolutely nothing about small businesses. Walmart can absorb higher costs because they’re already paying a relatively higher wage around $10 an hour in most areas. What this does is make Walmart the winner in areas with small businesses who now have to raise their minimum wage by government mandate and have to compete with Walmart prices. Like I said before, they will have to shed hours, workers, or both to compete with Walmart’s prices. I thought leftist goons like you hate Walmart? I thought you thought they were taking over the towns and competition? So, you’re going to encourage this behavior by increasing the minimum wage?
You see, I actually work in the real world making real decisions so I have to know these things. I’m guessing you sit in a desk in a welfare office or in your parent’s basement so you have to rely on theoretical studies from leftwing websites to get you your jollies and feel educated. I’m also guessing by those last two links you dropped (one written by a progressive hack btw), you have no actual education in economics. So, let me help you understand how the world really works.
You see when you raise the minimum wage, you decrease opportunity for workers. You also reduce the amount of people spending in the market. So, no, they don’t have increased buying power because there are theoretically less workers participating. Those on welfare will still be receiving the same amount of assistance (because it’s free government cheese) and now will have a little bit more pocket change to blow. That really works for those in Colorado and Washington who can now smoke their extra $100 every week.
And in before you tell me most Americans support raising the minimum wage.
There’s nothing wrong with increasing the minimum wage, so long as the companies choose to do so themselves instead of being forced to do it by government fiat. Forcing business to comply against simple economic models ruins the free market system. It’s why boobs like Obama and Elizabeth Warren have no business even discussing it in the first place. They have zero real world experience…zero. Wow, that’s just a sad realization.
Thank you for this rousing intellectual jog. I expected nothing less from someone with the blog title “getoutofthewelfaretag”. You can go scurry along back to the hole you came from now.