No shortage of opinion on the federal minimum-wage hike going into effect today. 24/7 Wall...

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coloneldebugger Comments (834)
 
this is such a stupid ass non story. the day for the min wage increase was set like five years ago. why is everyone acting like this came out of no where?

maybe everyone would be happier if the min wage was set at 2.13 an hour for everyone, not just waiters.

seriously, who do you know that can live on $7.25 and hour in this country?
24 Jul 2009, 01:27 PM Reply Like

Neil459 Comments (2640)
 
Regardless of amount or time frame, it makes no sense to raise wages during a recession, let alone a depression. This just leads to higher prices and lower sales, exactly what the economy does not need.
24 Jul 2009, 01:34 PM Reply Like

Jolly_Rancher Comments (525)
 
The US should require minimum wage laws be part of free trade agreements.
24 Jul 2009, 01:42 PM Reply Like

Mashuri Comments (55)
 
Ever wonder why there is a large black market for labor (illegal immigrants, etc), products/services cost too much (wage-pushed inflation) or why apprenticeships and on-the-job training are so hard to come by? There you go. I know proponents of minimum wage mean well for low-skilled workers but, with friends like these...


On Jul 24 01:27 PM coloneldebugger wrote:

> this is such a stupid ass non story. the day for the min wage increase
> was set like five years ago. why is everyone acting like this came
> out of no where?
>
> maybe everyone would be happier if the min wage was set at 2.13 an
> hour for everyone, not just waiters.
>
> seriously, who do you know that can live on $7.25 and hour in this
> country?
24 Jul 2009, 01:51 PM Reply Like

Windsun33 Comments (3924)
 
This increase affects so few people that the impact will be almost zero. The only real effect might be that the fast food chains have slightly less turnover in personnel, and even that is questionable.
24 Jul 2009, 01:51 PM Reply Like

Windsun33 Comments (3924)
 
The problem is not the wages for illegals, it is that Americans are "too good" to take jobs like that.


On Jul 24 01:51 PM Mashuri wrote:

> Ever wonder why there is a large black market for labor (illegal
> immigrants, etc), products/services cost too much (wage-pushed inflation)
24 Jul 2009, 01:53 PM Reply Like

CautiousInvestor Comments (2799)
 
At the outset of the Depression and during the Hoover administration wages were propped under the belief purchasing power would be sustained but forgetting that businesses would have to foot the bill. We know how it turned out.........businesses got rid of the workers.

Not only will this increase, however noble and needed it might be, defer the employment of new workers but it will result in termination of many existing workers whose income is between the old and the new and whose economic contribution is at the margin.
24 Jul 2009, 01:56 PM Reply Like

Poor Texan Comments (3499)
 


Don't agree that it will result in the elimination of existing workers. Employers are people too and will do what they can to keep their people on. However, there is always turnover and when one leaves there will be a very close analysis before (s)he is replaced, including considering outsourcing to self-employed contractors (e.g., janitorial services). Same result; less employment.

On Jul 24 01:56 PM CautiousInvestor wrote:

Not only will this increase, however noble and needed it might be,
defer the employment of new workers but it will result in termination of many existing workers whose income is between
the old and the new and whose economic contribution is at the margin.
24 Jul 2009, 02:10 PM Reply Like

blacksilver Comments (100)
 
eew-wee i'm gonna get me a raise,either that or layed off
24 Jul 2009, 02:13 PM Reply Like

Mashuri Comments (55)
 
Total fallacy. It's because illegals are more willing to work "off the books" for less than minimum wage. This is especially tolerated here in the vast crops of California because it keeps food prices down. People would really start revolting against minimum wage laws once they saw their food and produce prices skyrocket. Can't have that!


On Jul 24 01:53 PM Windsun33 wrote:

> The problem is not the wages for illegals, it is that Americans are
> "too good" to take jobs like that.
24 Jul 2009, 02:53 PM Reply Like

youngman442002 Comments (5024)
 
well many people will be working for dollars a day soon..just like a third world country...to survive....thanks Obama
24 Jul 2009, 05:45 PM Reply Like