Higher Minimum Wage Coming Soon

The federal minimum wage will go to $7.25 an hour from its current level of $6.55.
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This raise in the context of one individual is only part of the equation.

What of the employer who has various individuals with wage rates of $7.00, $7.50, $7.75.. with different months or years of service. Wage/time parity is upset.

Now everyone wants a raise.
 
my guess is it will have very little impact except perhaps in very poor/low living cost areas. The current minimum wage is kind of like doing the limbo with the bar set at 6 feet tall.
 
Quote from Nattdog:

my guess is it will have very little impact except perhaps in very poor/low living cost areas. The current minimum wage is kind of like doing the limbo with the bar set at 6 feet tall.
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Oh yes, ONLY 29 states use federal minimum wage, but it could be 50.
Buy yourself a 10-foot sub-sandwich and party on! [limbo music playing in background]
 
Quote from Nattdog:

my guess is it will have very little impact except perhaps in very poor/low living cost areas. The current minimum wage is kind of like doing the limbo with the bar set at 6 feet tall.
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That's what I was trying to say Nattdog, well said.
 
Before you guys spill your ideas on a virtual paper, ask yourselves why we have those regulations? Minimum wage, minimum age, overtime after 40h/week, unemployment benefits, social security etc etc. Was it because it was all peachy and nice before those laws were enacted? Read up on life in the US before WWII and you will quickly realize why we have those laws. if that does not convince you travel to any country where minimum wage does not exist and see the prosperity for yourself. I recommend Haiti and Mexico both places where labor rights are in shambles. There are many more but those two are really close to home.
 
yes, i do not know of anyone who makes that kind of money, as in the minimum. I made the minimum in college working part time for an instructor to grade some papers.

Other than that, I have never met anyone who makes the minimum.




Quote from bigarrow:

Fact is this raise will have very little effect on the job market. Most jobs pay well above minimum wage anyways, so whether you are for or against the minimum wage doesn't make much difference in the actual impact on employment, not for right now anyway.
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Minimum wage is a union ploy to prevent employers employing more but less well skilled labour to do the same job.As Socialist parties get a lot of funding from unions,you would expect a lot of ear-bending to be going on in times like these.
 
Quote from saxon22:

Before you guys spill your ideas on a virtual paper, ask yourselves why we have those regulations? Minimum wage, minimum age, overtime after 40h/week, unemployment benefits, social security etc etc. Was it because it was all peachy and nice before those laws were enacted? Read up on life in the US before WWII and you will quickly realize why we have those laws. if that does not convince you travel to any country where minimum wage does not exist and see the prosperity for yourself. I recommend Haiti and Mexico both places where labor rights are in shambles. There are many more but those two are really close to home.
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Farming was the alternative. Workers left the 24/7 life of farming for 12 hour days, 6 days a week and a gauranteed paycheck in the city. Having a day off in a sweatshop was something you didn't have working a farm.
 
Quote from bigarrow:

What I've learned from this thread is not to open a sandwich / sub shop.
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Ditto. This is why you do not see individuals opening up any type of small food operation. Somewhere on ET is a very good thread on the losing proposition of a franchise. If you have the capital to open up an on paper profitable operation, one might conclude you're buying a job. keep your money and get a state/gov't job.
 
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