Americans love raising the minimum wage. It's what we believe in. It even got Claire McCaskill an upset win to get elected to the congress. <iframe src='http://player.theplatform.com/p/2E2eJC/EmbeddedOffSite?guid=n_maddow_2brown_131107' height='500' width='635' scrolling='no' border='no' ></iframe>
typical neoclassical approach... Ignoring EVERYTHING else happening to China with the rise of unadulterated free markets. As long as someone is making the money, who gives a **** about income disparity, standard of living, health care etc If I were you and I wanted to shine a positive light on free markets and pure capitalism I WOULDN'T post examples of late developers adopting capitalism.
Wow, are you serious? Do you think Todd Akin's rape remarks may have contributed to McCaskill's election?
It would help if you'd actually watched the video. Of course you didn't and it shows because you talked about McCaskill's 2012 election instead of the one discussed in the video which was McCaskill's initial election in 2006. The one where minimum wage was actually on the bill as well. You jumped to a conclusion, and didn't bother with the actual evidence presented in the video.
I'm for raising min wage, but we simply can't increase it 40% in one year. I'm for a bumping it to 8.25-8.5/hr and then further increases are tied to something like 80% to 100% of CPI. (and having it tied to state CPI data rather than national CPI data would make a hell of a lot more sense, but that's probably too complicated.) Edit...maybe to get min wage closer to where it should be also add in another 50 to 75 cent bump 3 years down the road after the first increase.
I would be fine with that as well. I think your plan may actually be best, but I prefer the $10 raise to no raise at all.
Unscrupulous managers cutting an employee's hours to less than a full time shift, especially if it's done variably enough from week-to-week that the employee can't schedule other jobs around it, is the issue with this scenario. There could probably be some regulation against that as well. I'm not sure by what logic keeping minimum wages below basic housing costs "helps," either.
There would never be an overnight raise to $10/hr from $7.25. The previous one from $5-whatever to $7.25 was been phased in a few years - I can't imagine any future one would be different if it's of any significant amount.
The Black teen unemployment ratet is at 41.6%. Do you think that raising the minimum wage helps or hurt them, or would it make no difference?
As a group, it helps. An increase from $7.25 to $10 would be a net increase of 38% to wages. Even with a small decrease in employment, the total amount of money going to minimum wage workers would go up. And actual history doesn't even support the idea that there would be a noticable decrease in employment (if phased in over time), primarily because these types of jobs are not really outsourcable for the most part.
Republicans already know their economic agenda is bad for everyone except the rich, but since they happen to work exclusively for the rich, they do what they're told to do.
Generally, the biggest benefit is to the poor, and then it increases less with each group higher. Someone who makes $7.25 would to up to $10. Someone who makes $10 might go up to $11.50. Someone who makes $50 wouldn't see any change.
It benefits the poor if they can get or keep a job or keep the same number of hours. If they can't, they will fall further behind because their cost of living went up.
Agreed - but as noted, as a whole, the poor get a net income boost because the wage increase % will far outpace any small drop in jobs (which, historically, there is no evidence of happening anyway). And since welfare will supplement the total income of those that lose their jobs, those that lose jobs can generate nearly as much as they were making through various social services.
None of you bums hollering for a raise own a business if I have to pay the monkeys more todo the same job everything goes up in price bc I'm not gonna make less and in really small businesses the owner may take over the cash register and fire the cashier so yay more unemployed people and higher priced items woohoo
As a black guy who searched for low wage jobs in high school when it was $4.25, I know it has nothing to do with that. Black kids aren't employable until Spring semester senior year, because managers know they're not going anywhere: not to college or entry-level corporate or industrial work. Cutting minimum wage altogether wouldn't change that dynamic.
