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Originally Posted by Ample
Here is a thought, lets raise minimum wage and reduce the amount of money that we give our CEOs. Did you know that the average CEO makes over a hundred times more than the average worker?
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The figure I heard was 300 times.
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Originally Posted by Rodney
Personally, I think of the minimum wage as the "16-year-olds and illegal immigrant wage." Few others will work for $5.15, but these two groups are desperate for work. Personally, I think the minimum wage is kept artificially low to allow employers to exploit these two groups.
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To quote Chris Rock....
"Do you know what minimum wage means?
It means, if I could pay you less, I would, but I can't, cause that's the law"
No truer words have ever been spoken.
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Originally Posted by Charlatan
All I can say is that there would be a race to the bottom in trying to figure out just how little companies could pay their low wage employees...
PS: Moved to Politics
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An excellent way of putting it.
Although I am not a huge fan of unions, I understand their place in sticking up for worker's rights. I have no doubt in my mind whatsoever, that if unions were to disappear, it would be 1920 all over again in about 2 years for the majority of people.
I can just hear all the corporate double speak right now, "we have to think globally", "we need to increase efficiency" (translated to mean, you have to work more for less), "we have to be more competative" (translated to mean, we want to pay you less), blah blah blah.
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Originally Posted by stevo
The reality is there has always been poverty and there always will be. the minimum wage will not fix it. moving the minimum wage up from $5.15 to $7.50 won't do a thing to fight poverty. because $15,000 a year is not a "livable wage" If you want to dictate that people get paid a livable wage they need at least ten grand more than that. and closer to $30k+ with a family. so you can have the government dictate what business should pay or you can have the government redistribute wealth to the poor.
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True, there will always be poverty, but minimum wage isn't about eliminating poverty, it's about preventing EXTREME poverty. Minimum wage does prevent that.