Before I go off on a tangent, the main question here is should the minimum wage be increased to $10.10 as the dems want, left at $7.25 and the reps
want, or something else entirely.
By my rough math, $10.10 - $7.25 = $2.85 more per hour, per minimum wage employee.
At a 40 hour work week, that would be $2.85 x 40 = $114 increase per minimum wage employee per week.
At 52 weeks in a year (yes...I know) that would be $114 x 52 = $5928 increase per minimum wage employee per year.
In 2012, there were 3.6 million people at minimum wage...so $5928 x 3,600,000 = $21,340,800,000
If I'm not missing something, that is 21 BILLION DOLLARS. Where exactly is that money coming from? Obviously employers will be paying it, but are we
seriously talking about forcing employers to pay 21 billion dollars more to employees and taking that from their income? If so...OK. Lets go with
The simplistic argument is this. An employee that makes $7.25 for their employer per hour creates a break even situation as they earn $7.25 per hour.
Again...that isn't true due to benefits, paid sick/personal days, taxes, etc...but lets go with it.
My opinion is that of the 3.6 million making minimum wage, the majority don't make much more than that (if any) for their employer. They are usually
the younger people, temporary employees and lesser skilled employees. So...if that is all accurate...aren't the dems simply taking money from
businesses to increase the pay of some people? In other words...redistribution?
Now, if all employers lose this 21 billion, what will they do? Maybe fire people and demand more from those retained? Maybe charge more for goods
and services? Maybe cut back on advertising and other expenses? Regardless...doesn't that mean less money in the economy?
So in summary...why should employers be forced to pay people more than what they make for the employer? Why do we want to pay more for the same goods
and services? Why do we want employer utilized businesses (advertising for example) to lose business? I understand $7.25 per hour is tough to live
on...but...shouldn't the "fix" be to help such people to be worth more, than simply paid more? Help make them trained better where they can earn
their employer $20 per hour and therefore be worth and (hopefully) paid more?
I've been there. Minimum wage in my 40's. It wasn't fun, but we survived and now I'm back to where I should be. I didn't use welfare or other
handouts and had a reason to work harder to earn more...and I did. Why isn't correcting the problem the solution rather than putting a bandaid on it?
My guess? VOTES! Which means this isn't even for the people...it is just another "look what we did for you...vote for us". Regardless that this
transfers the problems next door, but doesn't make them go away.
Again...you need to solve the problem. Not put a bandaid on the problem and hope. And we definitely DON'T NEED POLITICIANS BUYING OUR VOTES just to
save their high-price jobs. I hope we aren't really that dumb.
My vote? Keep the minimum wage and offer better education and training. Internships for out-of-work individuals and help with a career...not just a
edit on 2/17/2014 by WeAreAWAKE because: Forgot my suggestion