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Originally Posted by drakers
40 hours x $2.00= $80 more per week or $320 more per month. These people could start saving their money to go to college or be able to take their kids to a daycare of some kind.
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In 2002, there were 2.2 million people earning minimum wage or less. An increase of $2.00 would cost $8.5 Billion dollars a year.
Who would have to come up with this extra money to cover this cost? This will also increase their (the companies) tax burden because they have to match funds on a higher amount.
Do you think companies would pay this and not pass it on to the consumer?
Nope, you and me foot the bill.
Also, as an aside, are you familiar with the costs of day care?
That $320.00 you want to give away won't cover two weeks.
Trust me, as a parent, if I can't afford day care at $6/hr, I can't afford it at $8/hr. Without gov't assistance, you have to make a lot more than minimum wage to afford day care.
Also, look at the statistics of the people who make minimum wage. A very small percentage have day-care-age kids.