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Originally posted by camaro68ss
Most min wage jobs are in the service industry. You have to remember though, most of those companies have a very small profit margin and simply can't afford a large increase in wages.
Because of the small margins any increase in wages will be passed down to the consumer, reducing what little traffic they already have coming into their stores because of prices and the economic conditions we live in at the moment.edit on 14-2-2013 by camaro68ss because: (no reason given)
Originally posted by Ahabstar
Actually raising minimum wage does accomplish one little detail...it increases the revenue gained by taxes on wages. The rates brackets do not change nor adjust for inflation. Hence everyone was for the tax on those rich people that made more than $5000/yr back in the 1930's never once considering that a minimum wage would bee created to put more workers on the tax rolls.
Originally posted by SpaDe_
Minimum wage is not meant to be lived on. It is called MINIMUM for a reason, it is minimal pay for a minimal job. If you are stuck in a minimum wage job you have nobody to blame but yourself period. There are jobs that do not deserve to be paid a higher wage and for good reason. I don't understand why some people can't wrap their heads around that fact. Nobody is forcing these people to work these jobs, they are doing it on their own free will.
Originally posted by reluctantpawn
No. If they come here now for 7.00 an hour, do you expect them to leave for 2 dollars more? All this will do is help cut into the middle class, and cause more inflation.
If it cost more to make, do, ship, package, and warehouse , wh do you think will pay for it. Meanwhile the middle class doesn't get any more. You get the double hit of devalued labor rate and increased inflation.
Stupid idea.
reluctantpawn
Originally posted by SpaDe_
Minimum wage is not meant to be lived on. It is called MINIMUM for a reason, it is minimal pay for a minimal job. If you are stuck in a minimum wage job you have nobody to blame but yourself period. There are jobs that do not deserve to be paid a higher wage and for good reason. I don't understand why some people can't wrap their heads around that fact. Nobody is forcing these people to work these jobs, they are doing it on their own free will.
My god it would be great if we could all live in mansions and drive ferraris, but the fact is we don't and we can't. We may all be humans, but some of us are just more motivated and have a better understanding of things than others, and some just don't even want to try.
edit on 2/14/2013 by SpaDe_ because: (no reason given)
Originally posted by MastaShake
except in many cases its not the peoples faults but the governments (local and federal). The real problem is the fact that when you are stuck in a minimum wage job there is almost no way to get out of it. they cant go to school to get a better education because the costs are so high and many wouldnt even have the time for school seeing as how they work 12 hours a day to be able to survive.
You're never going to be able to get out of poverty if your only able to put $50 a month into your savings account.
Originally posted by Kovenov
reply to post by Tuttle
Minimum wage employees do take payroll deductions, yes. What a min. wage employee might be refunded after filing his or her tax return is variable. That, I don't know off the top of my head.