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Why shouldn't the min. wage have the same buying power now as in 1970?
Increasing the min. wage to $15.00 an hour would only return the buying power of that wage to what it was over 40 years ago. It may be more dollars, but it isn't 'a raise'. In real life ALL Americans who work for wages are now making less in terms of buying power than 40 years ago. Meanwhile the 'investing class' and corporations are making far more BECAUSE of these low wages. Shouldn't that be an issue?
11 Antworten
- Anonymvor 7 Jahren
There shouldn't be a min wage. If you're a good worker you'll make good money. If not, the opposite will be true.
- Mother HubbardLv 7vor 7 Jahren
When we had it THAT GOOD we protested a LOT!!!
WE WERE POLITICALLY ACTIVE!!
The 1% feels best if we DON'T TALK BACK!!!
They KILLED MLK, too.
Like Gwyneth Paltrow said!!-- When they can HEAR US- it's like a war!!
They like ONE WAY communication!!
- u_bin_calledLv 7vor 7 Jahren
um..... maybe because the DOLLAR itself doesn't have the same buying power?
honestly..... is there any room in school these days for old-fashioned subjects like history and economics... or is it just dogma and that self-esteem stuff?
- Anonymvor 7 Jahren
A higher minimum wage can result to the following:
-fewer employees
-lesser hours for current employees
-increase in prices of products or services sold
-greater purchasing power for workers with the revenue going back to businesses they patronize and products or services they avail of or purchase
In relation to the minimum wage battle, here's an interesting report: http://bitly.com/1n4lqIa.
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- YahoouserLv 7vor 7 Jahren
The minimum wage is designed for teenagers and people with no skills but provide a rudimentary unskilled service.
It's not for earning a living supporting a family and so on.
It's a training wage and if you want a better wage you get a skill level that deserves better.
Want to earn more money work a second or third job especially something others don't want and you'll find the money and the hours .
- vor 7 Jahren
Because in 1970 there were not an additional twelve million people who came here to compete for the unskilled labor positions. It's a simple law of supply and demand. Raise the minimum wage to $15 per hour and there will be 40 million more unskilled laborers here, in addition to the ones who are born here.
- Phil TrumLv 6vor 7 Jahren
I think the minimum wage should be what the employer and the employee agree is a fair exchange for time and energy expended, and what it takes to replace a worker in a particular position. That's what the minimum wage should be based on, not on any other factors. I go to my employer and ask for a raise and he tells me no and so my next move is to go to the government and have them make my employer give me a raise? There is economic mobility in the U.S. and people can work themselves up from being a fry cook at McDonalds to being an accountant at McDonalds and thus enter the "investing" and corporation classes.
- vor 7 Jahren
It depends on the area you live in. In Democrat states, the dollar has less buying power because of over-regulation and high taxes.
But, in the nicer Republican states, a minimum wage job will get you much more.
- Anonymvor 7 Jahren
Because times change. Get with the times
- vor 7 Jahren
I think you have no idea why the rich are getting richer, while the poor get poorer.
