Minimum Wage

[MtnBiker]

Actually I don't believe the raise in minimum wage will effect the economy to much. Why?? because most employers already pay higher than minimum wage. The market demands it. I'm in the food industry, traditional it pays lowest for entry level positions. Currently non of the people I deal will start near the minimum wage, no one will work for that wage. Thus the market has already ajdusted itself(regionaly of course).

[Gunny]

Con - allowing the government to force a business to pay a certian amount for asset.

It's a damned if you do, damned if you don't, CATCCH-22, IMO. The MSgt's got it right .... any raise given will immediately be snatched up by jacking up prices. It isn't really going to mean a thing at the "Ramen noodles for dinner" level.

I'm waiting to see what happens when they actually open the Toyota plant here in San Antonio. They're talking $15 per hour wages. This is a blue collar town and $15 per hour isn't the average wage. If retailers and wholesalers jack their prices to snatch up that $15, this city's in for some financial woes.

[Gunny]

Actually I don't believe the raise in minimum wage will effect the economy to much. Why?? because most employers already pay higher than minimum wage. The market demands it. I'm in the food industry, traditional it pays lowest for entry level positions. Currently non of the people I deal will start near the minimum wage, no one will work for that wage. Thus the market has already ajdusted itself(regionaly of course).

Try starting in a construction trade. You'll see that minimum wage REAL quick.

[MtnBiker]

Try starting in a construction trade. You'll see that minimum wage REAL quick.

Understandable.

[manu1959]

Raise minimum wage and you raise the cost of living. This ‘living wage’ argument is BS. Wages increase, product costs increases. All that will change is prices.

how about the fed rate is 5.15

california is 8.00

what is that 60% higher

http://www.dol.gov/esa/minwage/america.htm

average home price usa 215k

average home price california 350k

what is that 60% higher

http://www.realestateabc.com/outlook/overall.htm

duh....................

[manu1959]

Try starting in a construction trade. You'll see that minimum wage REAL quick.

join a union.....minimum wage will be like 30 / hr for pushin a broom

[Gunny]

join a union.....minimum wage will be like 30 / hr for pushin a broom

I am not a union man. Having said that, I can easily the purpose for unions, but not at the level of excess they currently operate at. Where I work, if the boss says overtime, you work or lose your job. There is no protection for the worker.

At the same time, union employees are so protected they're just clock-punchers, and it costs so much to feed the union bureaucracy, they've priced themselves out of business.

[Mr. P]

join a union.....minimum wage will be like 30 / hr for pushin a broom

I was just gonna mention unions..picked up a bit of info today..supposedly their wage is tied to a % above minimum..so there ya go, any increase will cause a domino effect and we stay in neutral..no doubt prices will rise.

[Mr. P]

One other factor to consider; if the wage is increased the result is MORE income tax paid, sales tax too. Who does that work for, the average Joe? Hell no, it’s just more for the politicians to spend and the cycle never ends.

[Gaffer]

One other factor to consider; if the wage is increased the result is MORE income tax paid, sales tax too. Who does that work for, the average Joe? Hell no, it’s just more for the politicians to spend and the cycle never ends.

Its a back door tax increase. And we all know the dems love tax increases.

[Gunny]

One other factor to consider; if the wage is increased the result is MORE income tax paid, sales tax too. Who does that work for, the average Joe? Hell no, it’s just more for the politicians to spend and the cycle never ends.

"The road goes on forever and the party never ends ......."