I'd sure like to see his sources. I worked for two researchers on minimum wage laws as a grad student and every study shows that unemployment rises for the very group it's supposed to help: the young, inexperienced, often minority, worker. All this idiot has to do is look back to the most recent increase and see what happened to unemployment rates. This guy is an economic dolt.
The minimum wage is the threat.. whether less or more of it..
Its none of the federal givernments business what you make..
None of their business..
The federal givernment interfering with the States is the problem..
In a minimum wage or a hundred other things.. maybe thousands of other things..
The federal giverment is the problem.. a cancer.. a political disease.. a Parasite..
Must be hacked off whether surgically or with a meat ax.. it must be done..
Most Union Contracts are indexed
to the minimum wage.
My first hourly job as an undergraduate was at a fast-food place where the owner only hired males over 18, because they did not have to be paid the minimum wage. Females and males under 18 had to be paid the minimum wage, so they were not hired.
We don’t have a “gold standard” for the dollar, we have a “mundane labor” standard.
Reduce the time it takes to earn a dollar by doing menial work, and you reduce the value of that dollar.
The value of a dollar is in the work traded for it, not in the number declared by fiat. A gallon of gas is worth about a half hour of clerking selling that gas, regardless of whether the sweeper is given $1/hr by free market forces or $100/hr by law, as the list price will adjust accordingly.
Man, I need to start doing whatever drugs Hakin is taking....cause he's living in one bodacious fantasy land
I wonder if Ms. Lewis ever had the insight to think that life would not be so tough on her if she didn’t have four children to care more. Say, one.
And by the way, where is (are) the daddy(ies)?
Harm.
Since Harkin actually lives in the Bahamas when he’s not stealing money in DC, he doesn’t have to worry about minimum wage for HIS help!
They do not index the income tax so the person who when minimum wage was $2.10 (about $4500 a year) per hour paid nothing now with minimum wage above $7.00 (about $15,000 a year)pay quite a bit about 10%
Even if it is raised in about a year the higher salary etc caused the prices to raise so the raise is gone in fact what they loose is the extra they paid out in taxes.
Place a floor on prices (wages) and
1. Businesses can afford fewer employees (layoffs)
2. People willing to work for less than the floor go unemployed (increased uneployment)
This is a great start to understanding.
and you can bet the unions will demand an increase of what ever the minimum gets raised...The only reason they wish to raise it is because it then puts the worker in a higher bracket, so the govt gets more money out of the private sector, from the employers, through higher SS and US income tax withholding.
They pulled a similar game in SF earlier this year, by automatically including the 20% tip into the server's pay at restaurants. not for the worker, but to increase monies coming into the city's treasury.
It is a scam, always has been.