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To: Dane
It has to do with the gap between what minimum wage is and
what an employer pays.
If minimum wage is ( hypothetically ) $6.00 an hour
and I pay $12.00 then the difference is $6.00.

Raise the minimum to $8.00 and the employee is only making
$4.00 and hour above minimum wage instead of $6.00.

You have just reduced their wage gap by $2.00.


Since ALLMOST NOBODY pays minimum wage, wage rates are
comparative between the minimum and the rate paid.

The employer will be pressured to increase his wages
another $2.00 an hour to make up the gap difference.

For those that don't get an increase it will eventually
reduce the amount that they make.

Thats right, it will REDUCE the value if the middle
($12- $20 hr) income wage after inflation sets in.

ANYBODYS (above minimum wage) wages that don't go up
in direct proportion will be making less money.

This is just another sneaky way to cause inflation,
raise payroll tax revenue and move some personnel into higher tax brackets.
33 posted on 11/09/2006 12:16:53 PM PST by DaveTesla (You can fool some of the people some of the time......)
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To: DaveTesla

In theory this is a valid argument, but considering how few people are making minimum wage the price increase due to the increase in payroll would be seen in very few places.

As I posted earlier, the amount of employees facing payroll cost increases because of this will be about 1%.

Think about it and be honest with yourself, of all the people that you know personally that are in the workforce, what percentage of them is making the minimum.

I can't think of any personally.


35 posted on 11/09/2006 12:37:27 PM PST by HEY4QDEMS (Sarchasm: The gulf between the author of sarcastic wit and the person who doesn't get it.)
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