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Originally Posted by drakers
KMA-628...okay lets talk about the poverty issue. Well when your only making about $5.15 an hr up from what ever it was 6 years ago you probably aren't going to get out of poverty.
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Two words: Income Mobility
As I said before, a vast majority of people earning minimum wage or less do so for a year or less - it is a temporary situation for the most part.
Also, as I said before, this is not a poverty issue. If it was, then poverty levels would decline with corresponding increases in the minimum wage, but they aren't. Why do you think it is that historical poverty levels haven't changed much in the last 50 years or so, regardless of the numerous social programs put into place to combat poverty?
How many people are making minimum wage?
Less than 1% of the workers are.
That is a tiny, tiny, tiny percentage and one not worthy of changing laws for.
Again, let the states decide.
What do you think your proposed minimum wage increase would do to a small business owner in Gilette, WY.? It would hurt them and it would hurt them bad.
Another thing not being considered in this discussion:
A person making minimum wage actually brings in much more than that.
I would postulate that the many social programs available to a person increases their actual wealth by a significant margin.
Another example: To make the argument simple, imagine a company that only employs minimum wage workers.
Your proposal would increase their salary outlays roughly 40%. Where is that extra money going to come from? It's not like there was increase in the amount business coming in for this company. So....40% more going out with no change in the amount coming in equals what?