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A Minority View: Higher Minimum Wage

airstart Wrote: Feb 28, 2013 2:22 AM
My first job (part time) while still in high school paid sixty cents per hour busing tables in a food service business, there was no massive entitlement programs available, my income provided the only (spending money) I had. At the time the min. wage was 60 cents an hour. Has inflation caused this exponential increase in 45 years. How about tying this money to some of the current entitlements the gov't is already paying like educational benefits, welfare to work or other incentives to become employed.
Ben Linus Wrote: Mar 04, 2013 6:31 PM
I stood in line at a Burger King waiting to be served while the manager (probably the owner from looks of things) took orders and handed out food to customers. In between orders he called the next employee on his list and constantly got the same story. . . "When are you coming in? You're late now? I need people to come in. When can you get here? You can't come in any sooner? Okay get here as soon as you can." Click. Kids don't want to work anymore. I begged for jobs like those. I cut grass, painted furniture, delivered newspapers, painted houses, etc. Why work when the gov't pays you to stay home and dependent (aka: slaves)?
michael1819 Wrote: Feb 28, 2013 10:00 AM
Wages indeed have caused prices to go up. It is no where more apparent than in the fast food industry. A Big Mac meal used to cost less than 3 dollars. Fries were 29 cents. As wages increased so did the prices. Despite operating at maximum efficiency prices still rise.
Used to be able to buy 4 cans of green beans for a dollar. Now they are 75 cents each. Even though big box stores have produced their own branded canned goods. So business looked overseas for cheaper sources of supplies. Hence American suppliers suffer.
This is also true of taxes. when ever government increases expenses of business, they will find a way to try and keep their prices competitive. These minimum wage jobs were designed to give young people work experience.

In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That would be almost a 25 percent increase. Let's look at the president's proposal, but before doing so, let's ask some other economic questions.

Are people responsive to changes in price? For example, if the price of cars rose by 25 percent, would people purchase as many cars? Supposing housing prices rose by 25 percent, what would happen to sales? Those are big-ticket items, but what about smaller-priced items? If a supermarket raised its prices by 25 percent,...