Congress and the Minimum Wage
In doing som reading while Im supposed to be working I always come across some intersting news items. While this one doestn effect me as I am salaried but making well below minimum wage hourly, it still piqued my interest. The men of congress, who are supposed to be working for the people have recently decided to reject a bill that will raise minimum wage from 5.15 to 6.25. This is interesting especially when you consider since the last minimum wage raise, congress has voted to raise their own slary by 28,000.00 over that period. How can the liveable wage go up for one group of people to one extreme and the minimum wage of another be stepped upon with the boots of Bueracracy. The republicans who laregly voted this bill down argue that the majority of minimum wage workers are teenagers breaking into the job market and since they are not primary breadwinners than they do not need the raise. Lets say however that 75% of the minimum wage employees in this country are teenagers, a favorable percentage for republicans to say the least. Even if this is the case, what happens to teh 25% of the minimum wage workforce who are over the age of 20. I am not urging for some sort of communist system where we can all be paid the same, we know that doesnt work. But the main question here is why the raise for the rich and the status quo for the entry level worker? I might have sympathy for the congress if their image wasnt one of fat cats accepting kick backs and bribes, it would interest me greatly to see what their actual income is after their wage and any "extra" income the may receive.
1 Comments:
Think of a "closed shop" manufacturing facility: you can only work there if you're carrying the card. And if the card carriers don't like what they're getting, they can threaten to strike, and shut down the factory.
The answer is that the Legislative branch of government is in effect, a very, very powerful union. They command a wage increase - they alone vote on it, and then they take it from the rest of us.
A minimum wage hike is really powerless to assist the lower classes, most of whom can "earn" as much in welfare benefits and other transfer payments as they could by working a part-time job somewhere.
I would believe that the 75% figure you guessed is probably pretty close to accurate. There are very few people over 18 who are earning that wage, and raising that wage only makes it more costly for businesses to employ the people who have exhibited the least amount of aptitude, skill, or desire to further themselves in life, which translates to A) shittier service, or B) shittier products or C) more costly products.
I don't think you want either of those.
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