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Life on $6.75 an hour: When ends don't meet

Discussion in 'The OT' started by Mark Holtz, Jun 18, 2006.

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  1. Jun 20, 2006 #41 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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    Don't know, these idiots in Washington now have racked up so much debt our grandchildren will be paying for it. At last count a month or so ago every single person ALIVE at the time in the U.S. would have to pay $28,000.00 to pay off the deficit. This idiot in the whitehouse will "Borrow and Spend" this nation right down the toilet... And give what is left (our ports and airlines) to foreign interests, so don't bash Liberals to me. The Republicans have failed, their only hope now is to keep stealing elections. :nono:
     
  2. Jun 20, 2006 #42 of 125
    Richard King

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    We need to import about another 200,000,000 illegals so that everyone's share would shrink to $14,000. :D
     
  3. Jun 20, 2006 #43 of 125
    Nick

    Nick Retired, part-time PITA DBSTalk Club

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    I'll bet that was uncomfortable... :lol:

    That reminds me, there was this traveling saleswoman... :D
     
  4. Jun 20, 2006 #44 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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    Some of them actually contribute (pay taxes), so it could be a help....:lol:
     
  5. Jun 20, 2006 #45 of 125
    tomcrown1

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    Does anyone know or care that their is a bill in congress to raise the minimum wage to $7.15 per hour. The reports are that this bill will be voted on by the end of this week in the senate and it could pass. It will have some extras tacked on like doing away with overtime rules etc.
     
  6. Jun 20, 2006 #46 of 125
    Nick

    Nick Retired, part-time PITA DBSTalk Club

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    The...
    Source?
     
  7. Jun 20, 2006 #47 of 125
    Tom in TX

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    You're right! Sorry.

    Tom in TX
     
  8. Jun 20, 2006 #48 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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    No problem..... sometimes I post something and forget exactly what was in it.
     
  9. Jun 20, 2006 #49 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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    Yep, they want to make an 80 hr work block as opposed to a 40 hr work week, so work 60 one and 20 the next no overtime...... Just Fascist America at work. Nothing like going backwards to pre-union times. Where's the family values in that?
     
  10. Jun 20, 2006 #50 of 125
    Richard King

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    post a bill number.
     
  11. Jun 20, 2006 #51 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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  12. Jun 20, 2006 #52 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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  13. Jun 20, 2006 #53 of 125
    Stewart Vernon

    Stewart Vernon Roving Reporter Staff Member Super Moderator DBSTalk Club

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    You'll note I never said anything specifically about this particular woman in the story at the top of the thread. I don't know her situation or how she came to be a single mother of two.

    My main comment was that raising the minimum wage wouldn't help her or anyone else in her situation. IF she was locked into a fixed rate mortgage then a raise would help her to have additional spendable income over her house payment for basic necessities like groceries that do not increase at the same rate as luxury items... BUT clearly she isn't locked into a fixed rate mortgage, or we wouldn't be talking about her... so giving a minimum raise rate across the board would only serve to make things equally non-affordable for her at a new higher price to match her new salary.

    IF she got a raise herself, from her own merit... then that would help her... but just raising the minimum level for everyone wouldn't help people like her at all. History has proven this.

    Yes, having a minimum wage prevents some abuse (though clearly not in the case of illegals) on the part of companies... but raising the minimum wage has never proven to raise the standard of living for folks at that level of income.

    I don't know what the solution is... but minimum wage raising is not it.
     
  14. Jun 20, 2006 #54 of 125
    tomcrown1

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  15. Jun 20, 2006 #55 of 125
    Richard King

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    Um, that's not the bill. That's the site of a Democrat rep in congress. The other site doesn't work for me.
     
  16. Jun 20, 2006 #56 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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    I thought the H.R. bill number was listed....
     
  17. Jun 20, 2006 #57 of 125
    jonstad

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    History? What history?

    Admittedly, the economic and social effects of minimum wage or other "safety net" laws are a little difficult to quantify and various statistics can be skewed to make an argument either way. But I find it difficult to swollow that adding minimally to the income of literally our poorest workers "wouldn't help people like her at all".:scratchin

    And "merit"? What did Exxon/Mobil do to "merit" a $10 billion quarterly profit? What did the top 1% of income earners do to "merit" the massive tax reductions bestowed on them over the last five years?

    Now it will be argued that at least in the case of Exxon/Mobil, their windfall was not mandated or guaranteed by the government in the same manner a minimum wage is. But government policy and regulation, both often formulated by and with the effected corporations, made it possible, perhaps even inevitable. The "merit" of Exxon/Mobil and/or the top 1% was their ability to influence administrations and lawmakers to their advantages through massive campaign contributions and lobbiests. The only "advantage" the poor and/or minimum wage workers have is their vote. And they are often actively discouraged or even prevented from exercising even that meager privilage.

    The argument against raising the minimum wage goes something like this. And again, it is very predictable. "If we raise the minimum wage, the cost of goods and services will rise by at least an equal amount, thereby negating any increase in income." And/or- "Businesses that employ minimum wage workers will no longer be able to afford it, and go out of business."

    So the premise is if the minimum wage goes up by say 10%, all goods and services will immediately rise at least 10%. And any general increase in income will lead to fewer jobs. Again, I find this hard to swollow, at least to swollow whole. There is probably a small grain of truth to this reasoning. An increase in the minimum wage WILL increase business costs for those who pay that wage, and eventually nudge up the wages of others, mainly those working just above the minimum.

    But labor is not the only cost of doing business. So, if other factors remain relatively the same, including profit margin, there's no reason a 10% increase in wages should result in a 10% increase in retail prices. My guess is that at maximum, the increase in wages at or near minimum wage should result in at most an increase in prices of half that. And then largely ONLY for goods and services provided by businesses who employ people at or near minimum wage. Certainly the cost of a vehicle or other manufactured goods should not rise as much if at all.

    In addition, many minimum wage employers tend to be small businesses at the margins. Without denigrating them too much, they are often "fly by night" enterprises filling various niche needs. And as such they may wink in and out of existence much like a firefly on a warm Summer's night. Any industry or business for which there is a permanent need will probably "establish" itself more permanently, eventually finding it necessary to have a more permanent and reliable work force. And will probably pay them at least a little more than minimum wage.

    An increase in minimum wage may force some of these "fly by nighters" out of business. But if the need for the services they provided still exists, others will fill it in some other way. So the notion that a raise in the minimum wage will result in a massive and permanent loss of minimum wage jobs doesn't hold water either. Goods and services that are needed and wanted will be provided. Isn't that the core of capitalism and the free market?
     
  18. Jun 20, 2006 #58 of 125
    philhu

    philhu Cool Member

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    Minimum wage increases don't do anything but cost everyone more and give gov't more taxes.

    If the bottom wage goes up, the floor on costs rise to meet it.

    Also, many Union jobs, like automotive jobs are based upon minimum wage, like "$34.56 over minimum wage". So, the people making cars/etc get a raise too.
     
  19. Jun 20, 2006 #59 of 125
    Tom in TX

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    I think the minimum wage should be whatever Congress gets!
    I see that they raised their pay last week, AGAIN. Poor things, it must be so they can fill thier SUV's, while telling the rest of us to conserve! :lol:

    Tom in TX
     
  20. Jun 20, 2006 #60 of 125
    dodge boy

    dodge boy R.I.P. Chris Henry

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    Unions are great! Wish I was in one.....
     
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