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Should Minimum Wage be $25.00 per hr ?
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24 / M
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Posted 11/4/14

Magical-Soul wrote:

Changing minimum wage won't actually fix anything. Corporations don't tolerate losses, whatever the reason.

If you made 25.00$ an hour, why wouldn't they charge 10.50$ for a slice of pizza? Why wouldn't they start charging 18.00$ a gallon for gas?

Apple isn't going to say. "Well darn, there goes our higher paying market."

They're simply going to charge 6,000$ for an iPhone and 11,000$ for an iMac.


same ^
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27 / F / The state of Wash...
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Posted 11/4/14
at the current wages the cost for a gallon of milk is over $3.00
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45 / M / Crossville, TN
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Posted 11/4/14 , edited 11/6/14
Coming from someone who is making minimum wage right, $7.25 is not enough to live on. I make around $250 a week if I get a full 40 hour week. I have worked jobs that paid $15-$16 and I was able to maintain rent of $600, $120 electricity, $90 phone, $60 auto Insurance and still had enough to cover food and entertainment. My car is paid for.
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27 / F / The state of Wash...
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Posted 11/4/14
in my town the average earnings for people paid a minimum wage is $790 after tax. but the average rent in $800. and rent is raising. Food is going up to.

Now it is easy to "find a job" Getting "hired" is the tricky part. As it is now employment is not a RIGHT . employment is a PRIVILEGE. you don't have to be hired. however having employment is a necessity of life. If you don't have money you'll die. you need money for food, housing, clothes, education, health care, everything needed to live you've got to pay for it.
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46 / M / Fort Saskatchewan...
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Posted 11/4/14
I always smile to myself when I see someone post something like this.... please take a basic course in economics.
If the minimum wage was raised, everything else would jump in price to reflect the increased cost of doing business. For every increase in business costs, the purchaser pays the increase. Increase taxes? the end use pays the increase... Minimum wage at $25/hr? price of everything will jump accordingly. Business have to make money to stay afloat... if you increase the expense side, the price side is adjusted. the reason why costs seem to be going up, but wages don't is the increase of business costs, whether that be increased taxes or more regulation.

Even with mild increases in minimum wage there is an effect of increased unemployment. Businesses look hard to see whether a min. wage employee is producing enough to cover the costs... and in low skill minimum wage jobs, often they don't. This means the unskilled person will be let go.

This is a complicated issue, there is no 'magic bullet' that will solve this problem.
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23 / M / Bolton, England
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Posted 11/4/14 , edited 11/9/14
No.

That's WAAAAAAAAAAAAY too much.
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21 / M / East Coast
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Posted 11/4/14
If you raise the minimum wage prices will just go way up and companies will fire/lay off anybody that isnt 100% necessary to continue which will just mean others will have to work harder or quality will go down.

increasing the minimum wage wont create tax breaks from less people on welfare because the government will never spend less money on welfare because some politicians make their whole campaign around "helping" people on welfare and decreasing that population will hurt their cause. why help someone if you can make them dependent

either no minimum wage and create laws to increase competition and encourage job growth will get people into jobs that will better suite their needs to living relatively healthy

or a low minimum wage and still keep the above competition and job growth...raising the minimum raise is just a temporary band aid on a serious wound...it looks good but wont help much
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Posted 11/4/14 , edited 11/6/14
I think people don't understand economics.. Let's put it this way: Minimum wage has increased approximately 30% over the last 10 years. Is anyone better off for it? No.. and I'll explain why.

The price of living doesn't dictate the minimum wage. The inverse is actually true. Minimum wage drives the price of living. So, let's say they doubled minimum wage to $15/hr, which is what a lot of activists are currently lobbying for. Ok.. so you have more money for groceries and rent now, correct? Welllllll....... except that since the pay has been raised universally, electricity and utilities cost more, rent increases due to increase in staff wages, bread and milk skyrocket because who is loading, unloading and stocking your groceries? Ahh yes.. minimum wage employees. You can increase minimum wage to $1000 a minute and it won't help a single bit.. all increasing minimum wage does is erode the value of money. You're taking a $1 bill, crossing off the $1, and putting a different number on it. You're not actually generating any economy stimulation. Quite the opposite.

So, to address the OP, what needs to be considered is not the minimum wage, which is the minimum pay assigned to entry level/unskilled work that doesn't require an education. The cost of living needs to be addressed, and the gross amount of tax money and debt mismanagement that is sucking your money into a vortex of ever increasing deficit. We are literally paying an elite class to rob us blind.

There, you've now passed Money 101. It doesn't grow on trees - it's just printed on them with arbitrary numbers that don't mean anything to you or me.
martod 
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35 / M
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Posted 11/4/14
The only way I see life getting better is when we country stops putting so much money into defense and actually put that money into circulation. I mean I'm pretty sure +500 billion is a bit overkill for defense.
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27 / M / Seattle
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Posted 11/4/14 , edited 11/6/14
That is a terrible idea. It sounds good to hear, and the money would feel good, but ALL prices would go up as well. You would not earn anything extra and the value of the U.S. dollar would decrease. I live near the airport in Seattle, WA and recently minimum wage went up to $15 an hour for anyone who works in services near the airport. Now that those companies are losing money compared to where they were at a fiscal year ago they are rising the prices on stuff. Aside from that they are looking into and testing out automated machines to take orders so they can have fewer employees.

Rich people are rich because they want their money, they will find a way to keep as much of it as they can even if they have to fire or :let go" of people in order to do it.
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30 / M / Atlanta
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Posted 11/4/14 , edited 11/6/14
Does someone that flips burger deserves $25 per hour? No. You shouldn't be able to survive on a minimum hour wage in my opinion. Don't make a career out of flipping burgers, do something to raise your ability to make money. There should be a COL adjustment every decade in my opinion.

Improving the buying power of people is far more important than the minimum wage, and we need to simply stop being a wellfare state.
Posted 11/4/14 , edited 11/6/14
25 bucks for 1 hour of work is way overkill IMO. I lost my job last Friday and I'm trying to find some warehouse jobs paying around 16 but If, for example, the minimum was 25 I would get the easiest job ever and get paid 200 bucks for doing nothing. 40 hours is what 800 bucks a week?!
Say hello to the 5 dollar menu at McDonald's and the 5 dollar store. I personally think that 15 bucks an hour over there in Seattle is already overkill. If it were to happen it shouldn't happen so suddenly in a huge jump.
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Posted 11/4/14 , edited 11/6/14
I'd like to point out that even though I am making quite a bit more than minimum wage now, 3 years ago I was forced to take a minimum wage job to make ends meet. And I opposed minimum wage increases even when I was barely scraping by on it.. because I understand how money works. Also, what happens to everyone else's pay when you bump up minimum wage? If you increase everyone's pay on the same scale, you don't accomplish anything. If you think you deserve to earn the same wage as someone with a 4 year degree and 5 years experience flipping burgers, you might want to look into emigrating to a nation that actively practices communism, instead of trying to introduce it into the US... That is literally what communism is btw.. an equal reward system regardless of your station in life.

And finally, take the Lottery example. Give the average poor person a winning Lotto ticket and they will be homeless in 10 years. People aren't poor because they don't have money. People don't have money because they just aren't good with it. People that are good with money will always have it. Moral of the story is, if you were good with money, you wouldn't need more... If you need more, you'll never have enough.
Sogno- 
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Posted 11/4/14


25 bucks? that's quite a jump there buddy
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30 / M / Atlanta
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Posted 11/4/14 , edited 11/4/14

Yuki_Narukami wrote:

25 bucks for 1 hour of work is way overkill IMO. I lost my job last Friday and I'm trying to find some warehouse jobs paying around 16 but If, for example, the minimum was 25 I would get the easiest job ever and get paid 200 bucks for doing nothing. 40 hours is what 800 bucks a week?!
Say hello to the 5 dollar menu at McDonald's and the 5 dollar store. I personally think that 15 bucks an hour over there in Seattle is already overkill. If it were to happen it shouldn't happen so suddenly in a huge jump.


Keep in mind that 25/hour is only overkill for minimum non-skilled jobs. Many skilled jobs when broken down on an hourly basis make 250-1000+ an hour.

I agree with everything you said though.
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