no no....minimum wage is far less than that...most self employed folks risk going deep into the hole — and many end up earning much less than 0.00 per hour......
(but point taken)
I have to laugh when someone asks about my annual salary. As those of us who are self-employed know, the answer generally is that it’s whatever is left after everyone else takes their piece out of the pie. There are many months I would love to be assured of at least making minimum wage for every hour I worked.
Right now I’m trying to figure out how to come up with money to cover the 30% increase in property insurance on my residence for next year. Guess I might have to try working Main Street! Life is not so rosy some days - even in Texas.
It won’t be long before the pay differential between skilled and unskilled workers will be $1.00 per hour.
Liberals advocating minimum wage laws are a darned uncompassionate lot. After all, if you are advocating the confiscation or regulation of somebody else’s money, why not advocate a minimum wage of, say, a zillion dollars per hour?
Here a little though experiment:
Consider a most compassionate minimum wage of a zillion dollars an hour. If this would be bad economic law, articulate the precise reasons why. (You aren’t allow to say that “this is just crazy.”)
Now consider a minimum wage of a million dollars an hour. Good or bad economic policy and law? Why?
Now a wage of $100 per hour. Why?
Next $50 per hour. Then $20. Then $10. Then $7.85.
At what point, if any, is there uncovered a GOOD economic reason for minimum wage law? Or rather, is the reason for rejecting a zillion dollar per hour minimum wage law the same reason for rejecting a $7.85 minimum wage law?
Our main weapon against what is happening today is taxes.
Why don't businesses stand together and do this?
I don't understand why we don't do this.
I believe we have become a nation of cowardly slaves.
If you want to get technical — What self employed people earn are not “wages”.
“the last twenty years has seen renewed debate over whether minimum wage laws reduce employment, even for low-skilled workers.”
What debate. It absolutely does increase unemployment for teens and low skill workers. Let’s just make minimum wage $1 million/hr and solve poverty once and for all. To poverty and beyond