Today I am Proud to be a Republican
http://www.foxnews.com/story/0,2933,200447,00.html
"The Republican-controlled Senate refused Wednesday to raise the minimum wage, rejecting an election-year proposal from Democrats for the first increase in nearly a decade. "
I am a fiscal conservative. I don't like the government meddling in the economy. Less government involvement = better economy.
The national minimum wage is currently $5.15 an hour. For some odd reason Democrats and other liberals believe that most lower-paying jobs in America start and keep their employees at $5.15/hr. The reality is that most lower-paying jobs pay a higher starting wage than the minimum wage. For those businesses that do start at minimum wage, I wonder what their employee turnaround rate is? How often do their employees quit in search of better pay?
I can tell you from my own personal experience, when I was in high school the minimum wage was considered a very poor wage. My first job was with Macaroni Grill as a busboy/food-runner/to-go person. I made on average $9-10/hr. Many of my co-workers were my peers from school.
My youngest brother, Cory, worked for Chick-Filet for a year and made more than $6/hr! Cory now works for Petsmart because he wanted to earn more money. My other younger brother, Kyle, started working for In N Out Burger and they started him at $8/hr!
Wait just a darn-tootin-minute Case! If the minimum wage is only $5.15 why would a business pay one penny higher?! The answer is simple: competition. If a business wants good employees they will pay for it.
""This is a classic debate between two different philosophies. One philosophy believes in the marketplace, competition and entrepreneurship, and the second is a philosophy that says government knows best," said Sen. Johnny Isakson, R-Ga. He said France and Germany have high minimum wages, but also high unemployment."
Yup.
The Dem's wanted to raise the minimum wage to $7.15/hr! I don't want to think about the effects that would have on the economy. Thank goodness Repubs are still in power.
The Rusted One
posted by rustypth @ 7:00 AM
6 comments
6 Comments:
U might consider actually detailing the effects on the economy the raising of the minimum wage would have, many folks don't get it.
micah - you should have a go at it, mate =)
Ahh fiscal conservativism. I'm glad that we aren't raising the minimum raise. And I would be interested in an actual breakdown of what it would cost to raise the wage that much.
First off, many employers can't afford it. The reason many of our minimum wage jobs are the way they are is because they can't afford to pay them a higher wage. One of the other reasons is unionization of a workforce. Because unions exist, even in minimum wage world, everyone has to be equal. They can't pay better employees more, because the union agreements don't allow it. There are no merit based raises in this system.
Raising the minimum wage is just another way the liberal left unifies itself with communism, everyone deserves more money, even if they aren't worth it.
Another thing, know what raising the minimum wage does? Creates more taxes, more government control of our money. Case, you nailed it when you said, the government knows best.
Jayj,
very well put
ech... too much typing.
Raising the minimum wage also places inflationary stress on the entire economy. Fistly, when the minimum wage is raised it places added pressure on employers to raise wages for all employees. This in turn causes the employer to raise the price of goods.
And while the cost of goods is seemingly less for the minimum wage worker, it is temporary until producers raise their prices to cover the costs of paying all their workers a higher wage.
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