I disagree with this. I would like to see the minimum wage indexed to inflation with yearly increases to reflect this.
Quick. Go buy a copy of Basic Economics by Thomas Sowell. Read it. You'll be glad you did. Seriously.
Never took a basic economics class, did ya?
You said: I disagree with this. I would like to see the minimum wage indexed to inflation with yearly increases to reflect this.
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How about if we index the increases/decreases in minimum the minimum wage to increases/decreases in the productivity of the average entry level worker? My bet is that the minimum wage would decrease, not increase. The quality of workers coming out of high school these days is embarrassing. Very few of them merit $5.25 or more. Those who do get raises to that amount. Those worth less still get a minimum wage, only because the employer needs SOME level of output. Many minimum wage workers are a drag on the bottom line, not a source of profits for employers.
Hey, guys, check out post #3. Surprise!!!
Charitably, that makes you an economic nincompoop.
Paraphrasing: Powers not delegated to the Federal Government, nor prohibited by the Constitution to the several states, are reserved to the several States and to the people.
Exact quote: Amendment X
The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.
The power to set minimum wage rates for workers was not delegated to the United States (federal government). Therefore the federal government has no such power over this matter.
Article 1, Section 10 contains limits on the several states: No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.
No state shall, without the consent of the Congress, lay any imposts or duties on imports or exports, except what may be absolutely necessary for executing it's inspection laws: and the net produce of all duties and imposts, laid by any state on imports or exports, shall be for the use of the treasury of the United States; and all such laws shall be subject to the revision and control of the Congress.
No state shall, without the consent of Congress, lay any duty of tonnage, keep troops, or ships of war in time of peace, enter into any agreement or compact with another state, or with a foreign power, or engage in war, unless actually invaded, or in such imminent danger as will not admit of delay.
There is nothing in Art 1. Sec. 10., prohibiting States from setting a State minimum wage, but that doesn't imply that the states are free to do this. There might be the little matter of people being free to contract freely. That is, letting the parties to contract negotiate their own rates. If the market doesn't want to pay me minimum wage to sweep the floor, why should someone be forced to? Even more, why should the federal government interfere, when they were delegated no such authority? Sheeple tolerate the usurpations of the federal government and that is why freedom and liberty is slipping away.
This could cause economic havoc.
Minimum wages increases are inflation and would add to inflation! I really wish people would think things through./
Increasing the minimum wage simply increases inflation (among other things...)
It's more of a communist thing for the government to be telling an employer what to pay its employees. Personally, I'd rather they did away with the minimum wage altogether and let the market decide.
If you are concerned that wages would drop, then lobby to get rid of the illegals. That would force wages upward.
Here's an idea. If whomever is working for $5.25 an hour today is not happy with that, and they have the skills, they should go apply at Wal-Mart where the average wage is over $10/hr.
The first job I had (age 14) stocking shelves in a hardware store in 1975 paid $6/hr. I would be surprised if you could even find a job that offered a wage as low as $5.25. The free market has created this, not the socialist politicians.
Crazy I understand. Stupid I do not. And minimum wage above zero is stupid.
I will agree if we can revert it to $1.00/hour first.
Shalom.
Foolish in the extreme to put spending on auto pilot. I want to see a politician's name attached to EVER spending increase.
Have you ever had a simple econ class?
What part of the fact that minimum wages are entry level jobs for people with NO skills at all and that the ONLY reason the Dems want to keep raising them, is because UNION SALARIES are tied to the minimum wage don't you get?
The higher the minimum wage, the fewer the jobs, BTW.