Open Forum: Minimum Wage

Today Senate Republicans blocked a Democrat-sponsored bill that would increase the federal minimum wage to $10.10 per hour. The current federal minimum wage is $7.25 per hour.

Do you think the minimum wage should be increased? Do you think we should even have a minimum wage? Do you think welfare payments should be equal to the minimum wage? Why do you think Democrats are pushing for an increase in the minimum wage? How do you think an increase in the minimum wage would affect the economy? Please comment with any thoughts you may have on this topic.

Advertisements

8 thoughts on “Open Forum: Minimum Wage

  1. It’s refreshing to see the Replicrats block anything the statist demonrats are up to. It’s too bad the statists are against allowing capitalism to function effectively. I’d like to see a minimum government bill.

  2. I bought a business, and in 1974 signed-on for 180 payments of $5,800 a month to buy the previous owner out I was plenty steamed when I found out about the minimum wage. Since 2001 I’ve joined the ranks of ‘the poor’ and all the (actually) working poor know that if we need more income we 1) Snatch all OT offered, 2) Take a 2nd Job, 3) Take a 3rd Job.

  3. Unbelievable the number of Americans have absolutely no understanding of basic economics. Raise the minimum wage, and subsequently the employees at higher levels MUST have their waged raised also. The $7.50/hr worker goes to $10.10/hr … what does the current $9.00/hr worker go to? … and right on up the line. Companies have a certain amount of dollars they can allocate for wages, and that’s it. Raising wages for all levels of workers will result in one of 2 things:
    (1) Reduction of work force
    (2) Raise prices of products/services
    or, most likely, items (1) and (2).

    On a side note, government manipulation of wages, when supply and demand does not generate it, only pressures the economy and can do nothing but harm.

    It’s really not that difficult to comprehend. Economics 101 at its basic level

  4. Raising the minimum wage locks young unskilled people out of that important 1st job, they just aren’t worth the money it takes to train them.Increasing the minimum wage will cost current low skilled workers their jobs, evidence is toughscreens being installed at fast food (and better) restaurants.Welfare rates need to be way lower than minimum wage (40 hrs) as incentive to find work, along w/ training and child care help, a hand up, not a hand out.

  5. For you right-wingers: wouldn’t a higher minimum wage take many of off public assistance and in turn shrink the federal government. Thought that is what you folks fight for?

    1. Sorry Jimbo, you’re wrong.

      The Congressional Budget Office estimates that the raise in minimum wage would help 16.5 million workers. It would also cause the destruction of half a million jobs. So right there, that’s a reduction in opportunities.

      Secondly, less than 3 in 10 minimum wage earners are actually breadwinners for a household, and many of those might not have any dependents (I haven’t seen the breakdown on that part.) Yet more than 40% of those making minimum are teenagers, living with parents. They aren’t on public assistance to begin with.

      What you’ve done, in the name of feel good politics, is eliminate entry level jobs for those who could use them, in order to give a raise to suburban white kids. Kids whose parents will likely vote for it, because Junior is working so hard.

      Your grasp of unintended consequences is common. Please join us in economic solutions that actually work.

  6. The minimum wage should not be increased because it will just mask the problems with the current economy. I think it would be better if we did not have s minimum wage because the free market would better adapt to a broader array of pay. This would enable more people to work. The Democrats are pushing minimum wage increase because it is closer to midterms and there is not much to run on. They also feel they have public opinion on their side because polls indicate people prefer a minimum wage increase. Yet anyone who is being paid minimum wage would always want to be paid more. The problem is what happen once the wages are forced higher many unintended consequences occur. The costs to run a business increase and if business slows down there is more incentive to have less people work certain times of day. Yet since the main reason for the bring minimum wage up is also to get Democratic voters to midterms they just might get what they want. I personally hope they do not succeed. I want to see more people with jobs and money.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s