Originally Posted by mineistaken (Post 19486085)

Wyoming only 5.15$, thats way bellow any other state. Whats going on there, do they have benefits of that, like attracting businesses because of low wage?
This number 5.15$ is really out of line, whats the story behind it?

Originally Posted by woj (Post 19486559)

a. it probably means that minimum wage hasn't been raised for 20 years
b. it doesn't mean that people actually work for that much
c. benefit is that it results in one of the lowest unemployment rates in the whole country: 4.9%, source: www.bls.gov/web/laus/laumstrk.htm

Originally Posted by slapass (Post 19486562)

Raising the minimum wage just creates inflation. It won't cost or create jobs. He wants to do it so that all the people under water on their houses, govt debt and banking debt all goes away easier. The bad news is anyone with money then gets hammered like all of those folks who rode the bond rally for the last ten years. Obama and company are doing whatever they can to create inflation.

PS People are screaming out of bonds as we speak. I wonder why?

Originally Posted by crockett (Post 19484444)

Mexicans work for low wages because 99.9% of the time they can't speak English and are here illegally. Also low wage/ illegals aren't very hard workers. They are just willing to do shitty jobs that no one wants because they know it keeps them under the radar. They do just enough to keep their jobs, but you won't find many illegals that are over achievers if you pay them shit. If you pay them well then they tend to work better just like anyone else.

Also they send most of their money back home to their families.. IE money leaves the country.

Originally Posted by Bryan G (Post 19484541)

Bell Canada outsourced their customer support to india. I switched over to rogers because I was sick and tired o speaking to someone that could not speak english.

Originally Posted by rebel23 (Post 19483722)

How about abolish both.

Originally Posted by rebel23 (Post 19483706)

During his State of the Union address last Tuesday, President Obama made only one tangible, simple proposal:

"A family with two kids that earns the minimum wage still lives below the poverty line. That's wrong... Tonight, let's declare that, in the wealthiest nation on Earth, no one who works full time should have to live in poverty, and raise the federal minimum wage to $9 an hour."

Immediately the idea was embraced by the left. Those on the right who objected, were considered elitist haters willing to trample the poor in pursuit of the mighty buck. Suffice it to say, caring about humanity and objecting to the proposed minimum wage hike are not mutually exclusive.

Peter Schiff of president & CEO Euro Pacific Capital isn't likely to cool the heated rhetoric but he does know how to make his point. Characterizing the proposal as the "stupidest" of the President's ideas, Schiff says a hike in the minimum wage would have exactly the opposite of the intended effect. "It's not going to lift the wages of workers," Schiff says in the attached video. "What it's going to do is diminish employment opportunities."

Companies paying minimum wage aren't necessarily rapacious. Being a cashier at Wal-Mart (WMT) or McDonalds (MCD) was never supposed to be considered a lifelong full-time job. However that makes one feel, is beside the point. It's capitalism. A higher minimum wage means lower margins. When you raise hiring costs you reduce the number of jobs available. Period.

"What we really should do is completely abolish the minimum wage, that would make a lot of sense," says Schiff, using Singapore as an example of a strong economy with no minimum wage. "We didn't have a minimum wage for most of American history. It's something that started in the 20th Century. It was a bad idea and we ought to admit that it was a bad idea and get rid of it completely."

Beyond the standard political rhetoric, the President's $9 proposal is flawed at its heart. Obama is right that it's a travesty for Americans working full-time to live in poverty. If the solution is a higher minimum wage, Obama isn't going nearly far enough at $9 an hour.

The family of three in the President's example is still below the poverty line by official government measures. Earning $9 an hour rate is equal to $18,000 a year. By neither the official measure nor by the yardstick of humanity is a family of three not impoverished if its making ends meet on $18,000 a year.

Putting minimum wage on the table for national discussion is the right thing to do. What's not right is for a second-term President to waste the opportunity he has to make a real difference. By pegging $9 to inflation Obama takes minimum off the table for years to come. He's squandering the one shot the Left has to do something meaningful.

Minimum wage should either be lower to get as many people on what Schiff calls the first rung of the employment ladder as possible, or much higher to actually ease some pain.

$9 just leads to fewer jobs for working poor. It's not a win for Liberalism or a blow to Conservatives. It's a cynical cop out; the kind the country has grown to expect from Washington.

http://finance.yahoo.com/blogs/break...172858062.html

Originally Posted by Minte (Post 19483877)

We also give no interest loans to employees after they have been with us a year. .

Originally Posted by GrantMercury (Post 19487871)

Good article. Lots to think about.

The minimum wage should be raised - significantly higher than $9/hr. A rising tide lifts all boats.

Originally Posted by bl4h (Post 19487892)

youd have to have a tide to raise 315 million boats...................

Originally Posted by GrantMercury (Post 19487867)

WTF? :helpme

How would that work?

Originally Posted by GrantMercury (Post 19487871)

Good article. Lots to think about.

The minimum wage should be raised - significantly higher than $9/hr. A rising tide lifts all boats.

Originally Posted by Minte (Post 19483877)

The lowest starting wage that my business offers is $9.50. After 90 days it rises to $10.00. In 2012 we gave raises twice. We have skilled labor making over $24.00 per hour. We have a number of people in middle management making 60k + and top level management making 6 figures. That does not include the cost of health,dental,death and work comp insurances.

We also give no interest loans to employees after they have been with us a year. Up to $700. They can pay that back over a year. We have never been stung on one.

As far as the argument goes to whether the minimum should be raised. I haven't ever seen a benefit to having employees struggle. I hope there is no one in our organization that is receiving food stamps or assistance.

Originally Posted by GrantMercury (Post 19487905)

The tide lifts them all.

Originally Posted by CommonSense4u (Post 19488168)

How would that work? Umm Flat tax on buying goods, or flat tax on income. And minimum wage isn't needed. If you don't want to work for X amount of money that a job is offering.. DON'T TAKE THE JOB. Or take the job and work your ass off in order to get a raise.. Imagine that.. when people aren't handed something they didn't earn, they WORK HARDER to make more, do a better job, learn a better work ethic.



Good Lord you are a lefty crackpot.

Originally Posted by bl4h (Post 19488391)

how can there be a tide when were in trillions of debt already. more like a whirlpool sucking everyone into poverty. You think a lot like the government. Money just grows on trees

Originally Posted by slapass (Post 19486562)

Raising the minimum wage just creates inflation. It won't cost or create jobs. He wants to do it so that all the people under water on their houses, govt debt and banking debt all goes away easier. The bad news is anyone with money then gets hammered like all of those folks who rode the bond rally for the last ten years. Obama and company are doing whatever they can to create inflation.

PS People are screaming out of bonds as we speak. I wonder why?

Originally Posted by onwebcam (Post 19483711)

At $9 an hour you're still living in poverty. Abolish the income tax and you're getting somewhere.

Originally Posted by rebel23 (Post 19483722)

How about abolish both.

Originally Posted by pornguy (Post 19488650)

Actually in the long run doing both would be best but I don't think the country could take a hit of both at the same time.

Getting rid of the min would be good in some aspects but strict laws that would be enforced about slave labor would need to be used.

Originally Posted by tony286 (Post 19488417)

One more time, a consumer based economy only works if people can afford to spend money. When I was hired by gm in 1985 to work on the line, I started at $11.35 an hr. now we see factory work is offering $9.50 an hr. My wife 15 yrs ago went for a reception job They offered $11 an hour for a high school grad, I saw one craigslist list recently ,they wanted a 4 hr degree and paralegal experience and it started at $10 an hr. This isnt good, wages should be going up, not down. And considering we all sell products this is should be very disturbing.

Originally Posted by PR_Tom (Post 19488872)

There are few intelligent people who actually believe that a modest raise in the minimum wage would actually lead to less jobs. I'm sorry, but that's just the way it is.

If you follow some peoples "logic", you would have to believe that every raise in pay has always lead to less jobs. Just stop it with the nonsense already, OK? It's just embarrassing.

Originally Posted by slapass (Post 19488978)

At first companies would hire less people as they would say, "woah! How is this going to effect us?" Then the Walmart crowd would get paid. These people at the lowest end of society are going to spend that cash and spend it now. So boom everyone is doing a little better. Prices go up a bit to cover the higher wages and it all settles back in.

If raising the minimum wage was really good for poor people and thus the economy, we would raise it all the time.

Originally Posted by CommonSense4u (Post 19489092)

Obviously you are ignorant to how inflation works... Forced raise in pay will always lead to less jobs. Maybe you are blind, but did you ever hear about something called outsourcing that all the libs were up in arms about till Obama took office. :1orglaugh
Maybe you don't realize that manufacturing jobs have been disappearing left and right. We don't export anywhere near what we used to. Free market will adjust itself it left alone, but putting restrictions on businesses and forcing them to pay beyond what makes sense for a job will make them find other ways to get that work done. Outsourcing, or moving to a state where they don't have as high of a minimum wage. Its simple economics, so don't act like the ones saying this are stupid.



Yes you are correct. :thumbsup

Originally Posted by tony286 (Post 19489375)

Austrailia $16 min wag 5 percent unemployment, San Francisco $10.55 6.5 unemployment rate.

Originally Posted by CommonSense4u (Post 19488168)

How would that work? Umm Flat tax on buying goods, or flat tax on income. And minimum wage isn't needed. If you don't want to work for X amount of money that a job is offering.. DON'T TAKE THE JOB. Or take the job and work your ass off in order to get a raise.. Imagine that.. when people aren't handed something they didn't earn, they WORK HARDER to make more, do a better job, learn a better work ethic.

Originally Posted by CommonSense4u (Post 19488168)

Good Lord you are a lefty crackpot.

Originally Posted by bl4h (Post 19489972)

this is so stupid. people think they can just say "everything will be better if everyone got paid more, thus everyone should be paid more and we could simply make a law". You people are retarded, thats not how the world works i regret to inform you

Originally Posted by Cherry7 (Post 19489333)

So wages have been stagnating for 25 years and yet technology has developed and the economy grown.

Capitalism can't even raise the minimum wage.

De regulation and the free market has led to the biggest crisis ever and now in the most advanced industrialized nations children go to school hungry, there are whole countries with no industry, mass unemployment and poverty.

We sit playing with our gadgets unable to heat our homes.

FAIL

Originally Posted by CommonSense4u (Post 19489092)

Obviously you are ignorant to how inflation works... Forced raise in pay will always lead to less jobs. Maybe you are blind, but did you ever hear about something called outsourcing that all the libs were up in arms about till Obama took office. :1orglaugh

Originally Posted by slapass (Post 19488978)

If raising the minimum wage was really good for poor people and thus the economy, we would raise it all the time.

Originally Posted by Cherry7 (Post 19489333)

So wages have been stagnating for 25 years and yet technology has developed and the economy grown.

Capitalism can't even raise the minimum wage.

De regulation and the free market has led to the biggest crisis ever and now in the most advanced industrialized nations children go to school hungry, there are whole countries with no industry, mass unemployment and poverty.

We sit playing with our gadgets unable to heat our homes.

FAIL

Originally Posted by CommonSense4u (Post 19488866)

Maybe you should of backed a President that didn't have it planned to tank the economy then?

Originally Posted by tony286 (Post 19488417)

One more time, a consumer based economy only works if people can afford to spend money. When I was hired by gm in 1985 to work on the line, I started at $11.35 an hr. now we see factory work is offering $9.50 an hr. My wife 15 yrs ago went for a reception job They offered $11 an hour for a high school grad, I saw one craigslist list recently ,they wanted a 4 hr degree and paralegal experience and it started at $10 an hr. This isnt good, wages should be going up, not down. And considering we all sell products this is should be very disturbing.