If national minimum wage was raised to $15 bucks an hour do you think

I have heard this before from the fight for $15, they think if we had a national minimum wage of $15 people would be able to get off welfare..

How is it possible when 40% plus of Americans will make minimum wage? Compared to only 2% today..


It doesn't matter if the national minimum wage is $3 bucks an hour or $50 bucks an hour, you are still making minimum wage

I refer to this quote



http://www.politicalforum.com/index...ls-restaurants.565637/page-18#post-1071290362

 

Welfare and all government assistance programs would grow exponentially and most businesses would fold. Massive unemployment and economic depression and massive inflation.

 

So you dont think workers making $15 bucks today wouldn't make $30 bucks an hour tomorrow

 

No.

I think bumping every employee currently making less than 15 an hour up to 15 would bankrupt most businesses that utilize such staff.

 

Its obvious to me that's what people think.

 

think about that for a moment, allow it to sink in, then the realization will kick in...

gap limits will also increase exponentially... $20+/hour will become the new poverty level

 

It depends upon the buying power of the buck, currently the inflation rates started to pose a slight threat. For a four person family living in New York now the standard cost of living is $4,045/month or roughly $135/day but on the other hand for a single person the cost would be $1,100/month or roughly $37/day. $15/hour I think is enough to cover the expenses of a family if one bread winner will work 10-12 hours/day.
I know Restaurants could not afford $15/day and in my opinion a nation wide minimum wage of this level would be detrimental to medium and small business ventures. I think we will just keep the present minimum wage and just let labor unions together with the employers and employees settle what should be the best and fair wage that will sustain both the employer and the employee.
It requires a lot of planning and a very stable and well paying job before one could start having his own family nowadays,It's not good if one will only depend on food stamps in supporting a family.

 

Small business would crumble, after which big business would raise prices due to less competition. Landlords would raise rents because thats what they do (they rent at the maximum renters will pay), and the $15/hr will have the same purchasing power that minimum wage has now.

 

The people at the bottom of the rat race are getting the most benefit from Trump's economic policies:

https://www.wsj.com/articles/rank-and-file-workers-get-bigger-raises-11577442600?mod=hp_lead_pos1

The USA needs to go to a true hard line on illegal aliens and build the wall to accentuate this positive and help the little guys and gals who are citizens and those who in the USA legally keep getting the most benefit.

Illegal aliens should be treated as persona non grata across the entire spectrum of government.

 

What' s different this time? None of those things have happened when minimum wage went up other times. It' s the same bug a boo conservatives use every time and never happens. One real positive is there become more taxpayers which helps balance the budget.

 

Umm look at places that went to 15 dollar minimum. You'll see people with their hours cut, people laid off and businesses, especially restaurants closed.

 

The collective political left have the same fundamental grasp of economics in regards to capitalism as does radical leftist Alexandria Ocasio-Cortez, the neo-socialist; and ironically she has got a degree in economics. Where they go wrong is with the root core -- or so it often seems -- inability to grasp that nothing happens in a vacuum where economics is concerned. Artificially elevating base wages does not happen in economic isolation. It creates massive general inflation of costs as employers have got absolutely no choice but to pass that salary increase to their customers or go belly up.

Yes, you can gently tweak base wages for the general population by degrees but taking this giant and nationwide leap forward results in economic chaos and then inevitable financial hardships for the very people that leftists had intended to 'help'. This always happens and yet the collective political Left never learns from it. Instead they always double and triple down.

 

If you went to public school or are going to public school you should have a plan to use the minimum wage as a stepping stone to better things -- not your career.

 

How this is even still a debate is beyond me. Anyone with an inch of economic knowledge knows that a minimum wage is an illegalisation of labour that does not equal the minimum wage which in turns means an icrease of unemployment as lots of unqualified jobs are now illegal.

The ideal minimum wage is 0.

 

That 40% claim was debunked by the BLS numbers I posted. And also in that thread the numerous cites at how raising it is costing jobs and closing businesses.

 

In my almost 50 year work history I made minimum wage one time in my first job, not counting after school jobs during high school, and then for only 90 days. If someone is happy just working a minimum wage job and thinks the way to increase their standard of living is by having the government increase it by fiat the don't deserve it.

 

If your goal is to get people off welfare then tighten the work requirements.

 

They'd have to because the price of a hamburger would increase from $5+ to $12+. Everyone who is still employed would maintain their relative standard of living - income/cost ratio.

Welfare would increase because most of the jobs lost would be the minimum wage starting jobs. Higher skilled and paid workers would demand more money but wouldn't be hit as hard with job loss.

 

I never got a raise because of raising the national minimum wage, have you?


Only some union contracts are tied into the minimum wage.

 

When did you post it in this thread? I scrolled up twice ..

Nothing

All I keep reading is 2% of Americans make minimum wage and around 40% make $15 or less.

A poster also posted that $20 bucks an hour will be the new poverty level. Probably true..

 

Only very temporarily until price inflation, on everything, followed right behind the wage increase. I remember working minimum wage retail at 15-years old and cheering about a mandated federal min. wage increase, then things... food, gas, rent, utilities etc... got much less affordable than before the increase. Learned young - "Oh. I get it now."

The more expensive products are, the more taxes the government pulls in. If you pay an 8% sales tax on $100, the state gets $8. If minimum wage mandates cause the price of something that was $100 to increase to $200, then the state gets $16 in tax revenue. Who's the winner?

Democrats are not trying to help minimum wage workers, that's for sure.

 

My first job was Browns chicken over in Chicago, I made $3.35 an hour a few weeks later it was $4 bucks an hour, a price of of Marlboro reds was like 50 cents in the 1980s

 

I recall gallon of milk, gallon of gas, loaf of bread, pack of cigarettes were well under $1 each. Minimum wage went from $2.30 to $2.65. At 16-years old, a two bedroom fully-furnished apartment cost $189/month. $8 monthly electric bill, water paid by apartment. Minimum wage required a roommate, but with two people sharing expenses, we had lots of disposable income to go blow on entertainment. The good old days!

 

As long as government continues to inject money by fiat it will rise. We don't need government to artificially raise incomes the market is doing that right now it is what happened in the mid to late 1990's and then in the mid 2000's and what Obama said would never happen happen again. The market can and will balance itself out as it always does.

 

Same here, when I first went out on my own I had roommates to share expenses. On weekends we'd have group dinners where everyone contributed something. But I quickly learned there were persons out there who preferred not to work but would come knocking on the door with the "Hey BROTHER" thing and let's share and got any stash or beer and what's in your fridge.