What ever happened to the belief that you earn what you are worth? Whether or not you like it, you are simply a TOOL that is used to produce income...nothing more. Don’t like it? Do something to improve your worth to an employer.
With that in mind minimum wage workers are like union workers. Their collective ignorance astounds me! Why? Let me delineate the perfect example: Let’s say your employer makes a net profit margin of 7%. That is that he makes a clear profit of $7.00 after paying all bills and expenses. Now the government (or union thugs) come in and tell him he is now going to pay the minimum wage employees $5.00 per hour more. Guess what happens?
His matching social security goes up accordingly. His gross operating costs went up substantially. Any (and all) insurance and/or employee related costs based upon employee pay go up. WHAT CAN HE DO? Raise the price of his services or products to try to maintain the same profit margin he had before the mandated pay raise!
Then...the union mentality kicks in again because they want another pay hike because for some strange reason their cost of living went up with the pay raise...and the circle goes around and around again... That’s what union members do: Strike and get a pay raise because the cost of living over the past years has gone up. Once they strike there is now more expendable income in the community and the prices go up again...and the circle goes around and around again.
Economics is politics. You cannot divorce the two. It took me a long time to realize that fact.
I know very well what happens when the minimum wage is raised, because I used to work at minimum wage jobs. Every time the wage goes up your hours are getting cut, so at the end you are making less than before. I am not blaming the business, I am blaming the government for forcing the businesses to raise their wages, and it doesn't matter if the employee is dependable and always on time. Or the employee is lazy, undependable etc.