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  1. #1
    Atomic Punk
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    Default Why Arenít Employers Paying $22-an-Hour Minimum Wage Rates?

    Democrat Senator Elizabeth Warren during a hearing of the Senate Committee on Health, Education, Labor and Pensions last week asked why the current federal minimum wage rate is only $7.25 and not $22 an hour.

    ďIf we started in 1960, and we said that, as productivity goes up ó that is, as workers are producing more ó then the minimum wage is going to go up the same,Ē the Massachusetts senator said during the hearing.

    ďAnd, if that were the case, the minimum wage today would be about $22 an hour. So, my question Ö is what happened to the other $14.75?Ē she asked University of Massachusetts professor of economics Arindrajit Dube:



    In her apparent support for an increase in the federal standard, Sen. Warren joins President Barack Obama in suggesting that the current minimum wage rate should be increased.

    The president during his State of the Union Address in February called on Congress to raise the federal minimum rate to $9 an hour.

    ďWe know our economyís stronger when we reward an honest dayís work with honest wages. But today, a full-time worker making the minimum wage earns $14,500 a year. Even with the tax relief weíve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. Thatís wrong,Ē he said.

    ďThatís why, since the last time this Congress raised the minimum wage, 19 states have chosen to bump theirs even higher,Ē he added. ďTonight, letís declare that, in the wealthiest nation on Earth, no one who works full time should have to live in poverty ó and raise the federal minimum wage to $9 an hour.Ē

    However, as many, many economists argue, whether itís $9 or $22, an exponential increase in the federal standard could have a disastrous effect on the economy (not to mention the deleterious effect the minimum wage itself already has on the free market).

    First, a higher rate would force employers to cut back on hiring. Second, do you have any idea what an increase in the cost of labor would do to the cost of products/services? Third, the argument itself for blindly increasing the rate, with disregard for regional cost of living, leaves something be desired: If merely raising the rate from $7.25 to $9 or $22 would solve ďincome inequalityĒ and unemployment problems, then why not just increase the rate to $50, $100, or even $1,000?

    Lastly, if increasing minimum wage is a cure-all for unemployment and ďincome inequality,Ē consider this list of the top 10 states with the highest unemployment rates in the U.S. (the states with minimum wages higher than the federal standard are in boldface):


    10. GEORGIA (Unemployment Rate/Minimum Wage Rate: 8.7/$7.25)
    9. SOUTH CAROLINA (8.7/$7.25)
    8. MICHIGAN (8.9/$7.40)
    7. ILLINOIS (9.0/$8.25)
    6. MISSISSIPPI (9.3/$7.25)
    5. NEW JERSEY (9.5/$7.25)
    4. NORTH CAROLINA (9.5/$7.25)
    3. NEVADA (9.7/$8.25)
    2. CALIFORNIA (9.8/$8.00)
    1. RHODE ISLAND (9.8/$7.75)

    Just some food for thought.

    http://www.theblaze.com/stories/2013...um-wage-rates/
    "Watch what people are cynical about, and one can often discover what they lack.Ē -- Gen. George S. Patton

  2. #2
    Atomic Punk Dave's Dreidel's Avatar
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    The kind of rhetoric she is spouting sounds great, but it is exactly that, rhetoric.

    The minimum wage is for minimum skill entry level positions. Anyone who has that limited sets of skills and wants two kids and the white picket fence needs to wake up and smell the coffee they are brewing.

    It is not the governments responsibility, or even it's right, to determine that the guy whose contribution to society is making my morning coffee should be making $30,000 a year.

    I know that may sound harsh, or elitist, but it isn't. It's capitalism. Learn some fucking skills and improve yourself if you want to make more money. I have NEVER since I graduated from college stopped going to classes and improving my skills.

    Life is a competition, if you decide to be such a lazy ass that your great skill set is asking "do you want fries with that?", I don't think the government should be there to help you make more money due to your poor life choices.
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  3. #3
    Atomic Punk bklynboy68's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    The kind of rhetoric she is spouting sounds great, but it is exactly that, rhetoric.

    The minimum wage is for minimum skill entry level positions. Anyone who has that limited sets of skills and wants two kids and the white picket fence needs to wake up and smell the coffee they are brewing.

    It is not the governments responsibility, or even it's right, to determine that the guy whose contribution to society is making my morning coffee should be making $30,000 a year.

    I know that may sound harsh, or elitist, but it isn't. It's capitalism. Learn some fucking skills and improve yourself if you want to make more money. I have NEVER since I graduated from college stopped going to classes and improving my skills.

    Life is a competition, if you decide to be such a lazy ass that your great skill set is asking "do you want fries with that?", I don't think the government should be there to help you make more money due to your poor life choices.
    Great post

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  4. #4
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    The kind of rhetoric she is spouting sounds great, but it is exactly that, rhetoric.

    The minimum wage is for minimum skill entry level positions. Anyone who has that limited sets of skills and wants two kids and the white picket fence needs to wake up and smell the coffee they are brewing.

    It is not the governments responsibility, or even it's right, to determine that the guy whose contribution to society is making my morning coffee should be making $30,000 a year.

    I know that may sound harsh, or elitist, but it isn't. It's capitalism. Learn some fucking skills and improve yourself if you want to make more money. I have NEVER since I graduated from college stopped going to classes and improving my skills.

    Life is a competition, if you decide to be such a lazy ass that your great skill set is asking "do you want fries with that?", I don't think the government should be there to help you make more money due to your poor life choices.
    setting a price floor for something like wages is a good idea for any government to do. Should the floor be $22 an hour? certainly not. But having no floor or a floor at a sub poverty level is a dangerous policy for any government. Also, we don't live in a pure capitalist society. If a government is going to pay people welfare to not work then it's imperative that the min wage in that society far exceeds that. If it does not then people will choose to not work.

  5. #5
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    Quote Originally Posted by Dave's Dreidel View Post
    The kind of rhetoric she is spouting sounds great, but it is exactly that, rhetoric.

    The minimum wage is for minimum skill entry level positions. Anyone who has that limited sets of skills and wants two kids and the white picket fence needs to wake up and smell the coffee they are brewing.

    It is not the governments responsibility, or even it's right, to determine that the guy whose contribution to society is making my morning coffee should be making $30,000 a year.

    I know that may sound harsh, or elitist, but it isn't. It's capitalism. Learn some fucking skills and improve yourself if you want to make more money. I have NEVER since I graduated from college stopped going to classes and improving my skills.

    Life is a competition, if you decide to be such a lazy ass that your great skill set is asking "do you want fries with that?", I don't think the government should be there to help you make more money due to your poor life choices.
    Great post!
    ((Just My Two Cents))
    And thats about what its worth.

  6. #6
    Atomic Punk bsbll4's Avatar
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    Quote Originally Posted by It's Mike View Post
    setting a price floor for something like wages is a good idea for any government to do. Should the floor be $22 an hour? certainly not. But having no floor or a floor at a sub poverty level is a dangerous policy for any government. Also, we don't live in a pure capitalist society. If a government is going to pay people welfare to not work then it's imperative that the min wage in that society far exceeds that. If it does not then people will choose to not work.
    People already choose not to work with the programs we already have. I talk to them every day.
    CNN may think my opinion matters, but you shouldn't.

  7. #7
    Atomic Punk bsbll4's Avatar
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    ďTonight, letís declare that, in the wealthiest nation on Earth, no one who works full time should have to live in poverty"
    We also have the highest debt, not just in the world, but in the history of mankind.
    CNN may think my opinion matters, but you shouldn't.

  8. #8
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by bsbll4 View Post
    People already choose not to work with the programs we already have. I talk to them every day.
    and if you want to add to that list then setting an incredibly low min wage is the way to go.

    It is in society's best interest that people want to work. Setting a reasonable min wage (and again I'm not saying 22 bucks is the way to go) is a good idea on so many different levels. In Ontario (where I'm from) I believe min wage is 10.25 (this is pretty standard for Canada). No one working a full time job at min wage is gonna be rich (as they shouldn't) BUT someone working at min wage will be able to rent a room and feed and cloth themselves (as they should).

    As much as people like to use "do you want fries with that?" as some sort of joke, the truth is we need people to serve us food at lunch. And I want that person to be able to make enough money so they can at least survive and maybe occassionaly see a movie or something. I like that person because that person has a job and is doing something. Good on them. Should this person be having 2 kids? No, that's stupid. But min wage should be enough so that someone working that kind of job can at least support themselves.

    As for people (mainly on the right) that argue that have a min wage of something as high as 10 bucks will force thousands of companies to not hire, may I suggest (as an Economics grad) that this is beyond silly. No reputable study has ever proved such a link.

  9. #9
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by bsbll4 View Post
    We also have the highest debt, not just in the world, but in the history of mankind.
    and min wage has about zero to do with this.

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    Quote Originally Posted by It's Mike View Post
    Also, we don't live in a pure capitalist society.
    And that, my socialist friend, is the problem.

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    Quote Originally Posted by It's Mike View Post
    It is in society's best interest that people want to work.
    Duh. But when entitlements pay more than jobs, why work? Hunger is a powerful motivator. It has worked on me a few times in my life.

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    Quote Originally Posted by It's Mike View Post
    and min wage has about zero to do with this.
    And government welfare has EVERYTHING to do with it.

  13. #13
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by cyberfiddl View Post
    And government welfare has EVERYTHING to do with it.
    it has something to do with it.

  14. #14
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by cyberfiddl View Post
    And that, my socialist friend, is the problem.
    you couldn't be more wrong. You should me a pure economic system (be it capitalism, socialism, or any other ism) being used by any government and I'll show you a disaster.

  15. #15
    Atomic Punk
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    Quote Originally Posted by Dave's Dreidel View Post
    The kind of rhetoric she is spouting sounds great, but it is exactly that, rhetoric.

    The minimum wage is for minimum skill entry level positions. Anyone who has that limited sets of skills and wants two kids and the white picket fence needs to wake up and smell the coffee they are brewing.

    It is not the governments responsibility, or even it's right, to determine that the guy whose contribution to society is making my morning coffee should be making $30,000 a year.

    I know that may sound harsh, or elitist, but it isn't. It's capitalism. Learn some fucking skills and improve yourself if you want to make more money. I have NEVER since I graduated from college stopped going to classes and improving my skills.

    Life is a competition, if you decide to be such a lazy ass that your great skill set is asking "do you want fries with that?", I don't think the government should be there to help you make more money due to your poor life choices.
    How can someone expect 22 dollars and hour to work at McDonalds and Wal-Mart? That's not going to inspire many people to reach for higher goals. Better and more skilled jobs.
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