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Survival on minimum wage : Swingers Discussion 218262
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TOPIC: Survival on minimum wage
Created by: Nkenswing
Original Starting post for this thread:
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But I don't have any tattoos.

Hazle Township PA
 
 
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"it's that new "Kick Me" tattoo that he got on hs back.... "

LOL.

Pittsburgh PA
 
 
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My bad. It still won't be alot of money in 2015 when he wants it at nine bucks an hour.

Pittsburgh PA
 
 
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NK...

it's that new "Kick Me" tattoo that he got on hs back....

Phoenix AZ
 
 
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Obama is only talking about raising it to nine bucks an hour. Which in 2013 is still not alot of money.

And I still stand by my statement that consumer demand is what sets the price not wages. If nobody wants to buy your product or service you lose no matter what the labor cost.

Pittsburgh PA
 
 
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I guess there were still gas station attendants in 1968, when minimum wage reached it's highest point. If that $1.60 had kept up with inflation, it would be about $11 now.

In equivalent 2013 dollars, the minimum has bumped along between $6 and $8 for most of that time. Raising it to *almost* make up for erosion to inflation, there's no correlation at all with bumps in the unemployment rate.

Lyndon Johnson's Great Society movement ended in 1968. We then had Republican presidents for 20 of the next 24 years. Now it's considered OK for company owners to keep almost all of the revenues.

Flat Rock NC
 
 
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Man, go away for a couple days, come back and Robert's still getting bashed...

Pittsburgh PA
 
 
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Mark, that was one of my first jobs. Was pumping gas and oil changes while I was in high school.

Berryville VA
 
 
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Out: You are old enough to remember the gas station attendants that used to be at every gas station. No one pumped their own gas. It used to be a first job for many young men. Then minimum wage went up and up. Now you don't see them. And if you do it is at a full service pump with the gas prices upwards of 25 cents or more per gallon; to pay for the price of labor.

Tulare CA
 
 
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"And yes, while it causes some wages to up, it does cause unemployment and damage business and thus the economy. This is well accepted among economists."

VB, do you have any evidence that raising the minimum wage causes unemployment? Because I have looked, and I haven't seen it.

If raising the minimum wage causes unemployment, could you argue for lowering the minimum wage? Would that be win-win-win?

If so, is there any limit to how low it should go? We might approach 0% unemployment if people got $1 an hour?

Flat Rock NC
 
 
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TOPIC: Survival on minimum wage