Should the federal minimum wage in the united states be increased? (currently at $7.25/hr)
The more the minimum wage goes up, the less jobs there are. This is simple economics. Most people work in small businesses. Small business owners often have small profit margins as well. Increasing their expenses makes them have to cut back. The most expensive part of a small business is employees. Higher minimum wages requires cutbacks...therefore, less jobs.
If an employer only wants to pay me $7.25 an hour, I have the right to seek employment with them at their price, or seek employment elsewhere. If the employer finds no one is applying for their jobs at $7.25 an hour, they have choices to make . . . Go out of business, or increase the wages so people will want to work for them. Most everyone (including liberals) have an understanding of the laws of supply and demand . . . It's just they see government as the way around it.
I was a single mother of three young boys when I went to school to better my life. It was the hardest thing I have ever done, but I earn a good income now. Raising the minimum wage for people that have put in no effort to better themselves is an insult to all my hard work.
What she said ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^!!!!!!!
Implement Universal Basic Income TOGETHER WITH Universal Flat Tax. Equitable to the full spectrum of society (will be opposed by Marxists, corporatsts and plutocrats).
[parncutt.org]
I notice you didn't include any requirement to work. Not good.
Subsidizing inflation just accelerates the currency collapse .
I think your concern is misplaced. Less than 5% of working Americans receive the minimum wage . And you are ignoring the job that will disappear as the result of raising the minimum wage. Lastly, what do you mean by currency collapse?
@Jkabbes Currency collapse means devaluation . It doesn't mean the currency ceases to exist . Another misconception is that it can't happen in the United States . The fact is , currency collapse has happened , many times . It's just called a recession . It is really wealth transfer . Central banks get real things . Populations get worthless paper .
@Georgesblogforum I’m aware of currency revaluation but I don’t think that’s ever been done in the US. And in today’s floating exchange rate world it’s much less common. Recessions don’t cause currency revaluation unless you are referring to the exchange rate fluctuation that may result. What real things do banks get? And unless you’re talking about Venezuela or PreWWII German hyperinflation I’m not sure when paper currency has become worthless.