Well, I'm not sure how solid that assumption is, but if it were I don't believe the increase in welfare would skyrocket nor do I believe the cost of basic goods at reduced prices lends itself to absorbant fees. It would likely eliminate a lot of paperwork for business and possibly reduce payroll. If it didn't impact employment, in the least it would make businesses, to some degree, more stable (at least in the short run).
I don't think minimum wage laws require a lot of paperwork... and if you're saying that market minimum wage is near the current government-required level, then how could it reduce payroll or make businesses more stable?
I'm just assuming that it requires paperwork. I imagine for many jobs, government mim wage is close to market. Some would probably benefit more than others. If market min is close to government min, at least we'e eliminating some red tape. If not, more efficiency for business and more folks getting government cheese and housing. I gotta think that the cost of food and shelter that the government pays is well reduced from what the average consumer pays. Anyway, at the very worst, almost no change and one less federal law. One less thing for Hannity to bitch about makes me happy.
I have mixed feelings about minimum wage, not surprisingly. Letting the market set the wage makes a good deal of sense. Seven bucks an hour in Manhattan is nothing, the same wage in a small southern town can get you by. If it were abolished, adults who currently work for minimum wage would be likely to lose jobs to teenagers who will work for much less. A motivated panhandler can earn more than 5 bucks an hour, so it makes sense to not let businesses set wages so low that adults otherwise willing to work are better off panhandling or committing petty crimes to get by. But . . . realistically speaking, minimum wage is here to stay. It has lasted through republican and democratic administrations for many decades. Given that it exists, it is understandable that it will go up from time to time, as everything else does. It's just a matter of finding the balance point between too little and too much. I just don't think that the minimum wage affects that many people for very long. It's a starter salary for unskilled help. No one makes a career at a minimum wage job. But it's good for us all that those that are willing to work can find some work that enables them to get by, not just teenagers living with Mom and Dad. I have rental property to maintain that is in north Louisiana, so I can't get up there often enough to maintain it all myself. When I need someone to paint, bush-hog, landscape, put up fence, power-wash siding or whatever, I have no problem finding good people at $10. Forget it at $7. Practically anybody hiring good help is paying more than $7 already. I pay my student workers more than that just to fetch and carry. I pay graduate assistants a whole lot more. And I just don't mind that the guy selling me paint at Wal-Mart makes seven and a half bucks and pays his rent instead of stealing my four-wheeler to do it.
Are you kidding? Adults who have to pay rent, obtain transportation and perhaps feed and clothe a wife and child will lose work to teenagers who can work cheaper because they live with parents, drive dad's car with his gasoline, and have no dependents. It's not in the general public interest for jobs to be unavailable for people in this situation. We say "let them get out and get a job" and most are willing to do that, but those jobs have to be available and pay enough to allow them to get by.
A job has a pay scale due to the skill set of that job. Not to protect those of age. I could care less who has rent or dependents. I'm not going to discriminate b/c of age. I'm just befuddled that you even brought age into it..
the good news is that minimum wage is so low that i dont think it does much damage to business. you cant really hire anyone for less than minimum wage, at least not an american. it is the market that protects the workers, not the government. people simply wont work for 3$ an hour, even if it was legal. minimum wage jobs are struggling to hire as it is. the risk of course is that democrats raise it and hurt the economy even more than the murder they are doing to it already.
Hey, I just paid a $1700 HO insurance bill. My son's $400 quarterly car insurance bill and his $2000 tuition is due this month. My wifes car has a scrape that's going to cost me $1200 when I get it repaired next week. Next month is my own car insurance quarterly bill and the every month mortgage, utilities, car payment, cable, cell phone, etc bills. You find me some GD do-gooder that wants to help me with that and I'll shed a few tears for your downtrodden masses. Phucquin liberals :angryfire
