I think we should have a minimum wage that keeps in line with the costs of living. I think that the working poor is something we should as a society be ashamed of. Hard working people who work for sub poverty pay. If we are one of the greatest and richest countries in the world, how come most hard working people can't afford to live here? Why can't the vast majority have a fair shot at the American Dream? And how come CEO salary bonuses are higher now then they have ever been? WHile the ones who do the real work are lucky to get a 3% bonus. We aren't China. But our so called precious job creators would prefer it if we were.
People now days need more because more is not really more and opportunity is less. In all fairness $9 an hour isn't going to break the bank for any large corporation. Now, $9 an hour is better than nothing if you live with your parents, but for someone trying to live their own life on that, its still very minimal to cover food rent and transportation to work especially since they seldom hire people full time and instead those at the top are padding their bank accounts, embezzling obscene figures and their items for sale are collecting dust because of the crap is priced more than its worth and nobody with an IQ above room temperature will buy it. Some companies are better than others and some are catching on. Someone squeezed at the bottom, when given a little room to breathe will sometimes become more productive and ambitious, because they can begin to see themselves as not being stuck there forever. Money has been becoming worth less as far as history goes back. In 1964, our quarters and dimes were 90% silver. $9 now was $8 in value not long ago. Bread and milk cost more than they did a few months ago and everything else to follow.
There will be the usual claims that it'll send inflation spiraling and others will point out (correctly) that you can't live off the minimum wage. So do you think people should have to work 60 hours a week to get by? Or would you prefer they get assistance from the government to compensate?
If you look at the map most of the western states already exceed it. The northeast is at the limit, and the south (backwards as usual) is below it. Add Utah to the south which is why Utah is full of low paying jobs.
I certainly wouldn't mind see it applied in tiers based on how many employees a company has or the type of employees they hire. I'd hate to see a mom and pop grocery be forced into it but certainly would mind seeing it increased for bigger corporations with thousands of employees. The exception may be fast food, because almost all of it's employees are minimum wage and a lot of them, being students, don't even need to work to survive. Some kind of hybrid approach there would make sense.
Why not $25 per hour. Or $50? Raising the minimum wage or even having a minimum wage is destroying free market capitalism which alone would raise wages if the government would get out if the way. For one, what business wants to pay some kid a high wage for doing a job that could be teaching them job skills? We will have millions of unemployed kids roaming the streets who will never be able to learn marketable skills. Two, if a business pays low wages they won't be having very many people to work their low paying jobs. In a free market they would have to compete for employees. Btw, that is why HC is tied to jobs. They offered it as a benefit to entice employees. Three, forcing an employer to pay a high wage means one less employee they may be able to hire or less hours for the ones they have. It's all common sense.
As usual, the Feds say that they are here to " help" , but in reality are interfering with the activity of free- market capitalism . Left alone, the system has always worked things out on it's own without the gov't. messing it up from the outside.Need to get off this idea of the nanny state that will hold our hand and protect us all through life! In the end, if minimum wage is forced higher it will cause smaller businesses to let employees go , or raise cost of their product and services to consumers at every level , including the large corporation that use their products and then pass the increases cost along to the consumer which will then have more of a negative impact on the people at the lower end of the wage scale, putting them right back where they were before the increase!
That will increase tax revenue, to help pay for food stamps, free medical, etc. but it's still not a livable wage. The cost of living increases way to fast for wage increases to keep up.if a company is forced to raise cost of product 2% to offset wage increases, they will increase it 3%. More inflation.
Shinypate 1 has it right. When cost of labor increases employers can justify purchase of automated processes that crowd out human labor. The minimum wage should not be looked at as a wage for life. A person has to set out to raise there value to employers. It's called taking responsibility for your own life.