Raise the Mimimum Wage More...Much More!
August 6, 2007
The federal minimum hourly wage has been increased to $5.85. Whoopee! They are scheduled to rise to $6.55 in July 2008 and to $7.25 in 2009. About six in ten small-business owners said they didn't think the increases will hurt business. But 44% said they thought they would. That seems like total lunacy to me. Where in the USA can you get someone competent to work for you for less than $10 an hour? Illegal immigrants charge more than that to dig holes. Maybe it's those pimply faced, greasy haired kids that work a fast food restaurants. Are they working for $5 an hour? I doubt it. The whole debate is silly.
It just shows you two things: how stupid it is to get too distracted by politics (people arguing about issues that have no basis in reality.) and how cheap and miserly four out of ten business owners are (Get a grip!) If I believed in political solutions to economic problems, I'd raise minimum wage way up - to $10 or $12. How can you call yourself a god-fearing Christian/Jew/Muslim and pay anybody less?
But I don't have much hope for this law or any of its kind. So long as there are lazy, stupid and uneducated people there will always be low-paid workers. So long as there is overt racism there will be low paid workers. The only way congress could possibly help these people is to significantly reduce taxes and regulations for small business owners. They are the people who are employing minimum wage earners. More importantly, they are the people that are creating job growth in America.
posted by M. Masterson @ 2:27 PM,
2 Comments:
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At 2:21 AM,
C.S. said...
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The unfair wage structure has everything to do with the so called sub-prime lending and the mess that has befallen the Markets around the World. It has to be recognized that equal wages should be paid for equal work and the color of the skin or which God you worshiop or the Latitude and Longitude of one's place of Birth should have no role in this decision.
As you have rightly pointed out, the worth of a minimum wage worker who puts in efficient work is being measured at more than forty percentage below its true worth. This means his/her earning and repaying capacity is being under-rated to that extent and enforced to remain at that level, with the full sanction of those expected to ensure fair play on level grounds.
I wish the Feds had directed the Statutory agencies to ensure that all so called sub -prime cases be reviewd for under assessment of real potential of earning and an interest subsidy introduced for this segment of borrowers.It would put them on par with others who are in a position to choose the rate of compensation for their work. The nation's economy has gained the advantage from the difference in wages and hence the subsidy could be a fair charge on the Econmy.
C.S.Radhakrishnan -
At 6:47 AM,
said...
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Waiters get paid minimum wage, but the tips make up for it. Raising the minimum wage could hurt restraunt drastically.
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