Obama to raise minimum wage to $9.50 an hour by 2011.

[Stuxnet]

LOL

"Since my tax increase missed the sub-250k business, I'm going after your knees with this! Take that, economy!!!"

 

[Stuxnet]

Originally posted by: Feldenak

Originally posted by: Amused
Welcome to Carter part 2.

The similarities in events leading up to his election are stunningly similar, and so are his beliefs and policies. If you ask me, I would predict an admin as huge of a failure as Carter's. And no, I'm not Republican.

BTW, this actually hurts the lowest wage earners, just as corporate taxes do... because all it means is an increase in the prices of goods and services they use everyday and can already barely afford.

In case you're not old enough to remember, Carter brought us double digit inflation. I predict the same will happen in this admin... and the feds will not be able to stop it as business is forced to raise prices to cover higher taxes and wages.

Wasn't that the birth of stagflation?

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

 

[rudder]

Originally posted by: txrandom

Originally posted by: ICRS
Please lets not make this political.

http://change.gov/agenda/urbanpolicy

Increase the Minimum Wage: As president, Obama will raise the minimum wage to $9.50 an hour by 2011 and index it to inflation so full-time workers can earn a living wage that allows them to raise their families and pay for basic needs such as food, transportation, and housing ? things so many people take for granted.

Personally I think it is good, hopefully he also abolishes the arcane practice of allowing tip pay to go towards the minimum wage requirement. This $9.50 should apply to all jobs and tip should never count towards it.

Minimum wage isn't just for waiters. Waiters don't even make minimum wage. If the minimum wage is raised to $9.50, they'll get paid $5.27 rather than $2.13.

Waiters make minmum wage if their tips do not equal minimum wage. The $2.13 gets bumped up by the resturaunt.

Department of Labor link regarding tips.

 

[SP33Demon]

It's a little too high too fast. $8 would be ok, but $9.50 is a very large %.

 

[Stuxnet]

Originally posted by: SP33Demon
It's a little too high too fast. $8 would be ok, but $9.50 is a very large %.

In a society like ours, all an increase does is increase the price level. Purchasing power = goes nowhere.

 

[heyheybooboo]

Originally posted by: Amused
Welcome to Carter part 2.

The similarities in events leading up to his election are stunningly similar, and so are his beliefs and policies. If you ask me, I would predict an admin as huge of a failure as Carter's. And no, I'm not Republican.

BTW, this actually hurts the lowest wage earners, just as corporate taxes do... because all it means is an increase in the prices of goods and services they use everyday and can already barely afford.

In case you're not old enough to remember, Carter brought us double digit inflation. I predict the same will happen in this admin... and the feds will not be able to stop it as business is forced to raise prices to cover higher taxes and wages.

You Fail at history

 

[heyheybooboo]

Originally posted by: jbourne77

Originally posted by: Feldenak

Originally posted by: Amused
Welcome to Carter part 2.

The similarities in events leading up to his election are stunningly similar, and so are his beliefs and policies. If you ask me, I would predict an admin as huge of a failure as Carter's. And no, I'm not Republican.

BTW, this actually hurts the lowest wage earners, just as corporate taxes do... because all it means is an increase in the prices of goods and services they use everyday and can already barely afford.

In case you're not old enough to remember, Carter brought us double digit inflation. I predict the same will happen in this admin... and the feds will not be able to stop it as business is forced to raise prices to cover higher taxes and wages.

Wasn't that the birth of stagflation?

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

And you Fail at history, too

 

[Dufusyte]

Hyperinflation is coming on the heels of the current deflationary blip. By 2011 $9.50 will not buy much in Weimar America, so it is a non-issue.

For the record, I do support a decent minimum wage, since it is the only defense poor laborers have against total exploitation.

 

[piasabird]

As long as I get my middle class tax cut first that is fine with me.

 

[Xavier434]

Prices have been going up a lot already anyways for many products. Raising min wage would be a bad thing if that were not the case but sadly that's the way it is. If raising the min wage makes prices go up even more then that would mean that decreasing it would decrease prices which I don't believe would happen. We have to adjust.

 

[mugs]

Pandering to the masses (most of whom don't even make minimum wage).

Originally posted by: joshsquall
Stupid. All this does is decrease the purchasing power of non-minimum wage workers.

Or maybe that's the plan. :Q


If you're an adult making minimum wage, that's your own damn fault.

 

[dmcowen674]

Originally posted by: CADsortaGUY

When are the libs ever going to learn that "MINIMUM" wage != "living" wage. Sheesh. Bunch of F'n morons.

Be better to put everyone other than the rich into slavery eh?

 

[halik]

Originally posted by: BoomerD

Originally posted by: Delita
I say we just raise the minimum wage to $100 and call it quits. That way everyone will have enough money to buy anything they need.

I can has sum gubmint cheeze?

LOL

 

[halik]

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

When are the libs ever going to learn that "MINIMUM" wage != "living" wage. Sheesh. Bunch of F'n morons.

Be better to put everyone other than the rich into slavery eh?

Who are "the rich" that you keep on referring to? People that have money and don't have to work? And how exactly is slavery in any way analogous to working an hourly position?

But I'm sure as usual you won't respond to this, because actually talking about half the comments you make would expose them as ignorant hyperboles at best.

 

[StageLeft]

Currently very few "real" people (not those doing summer jobs, etc.) actually are on minimum wage. At $9.50 I think more will be. I think minimum wage is generally silly, but this may be enough to appreciably raise prices on products and force inflation to counter it.

Who are "the rich" that you keep on referring to?

People like you who support criminals and hate America *

* just saving Dave the effort of a response

 

[Throckmorton]

Originally posted by: Genx87
Laughable if he thinks this will change anything. All it does it provide a short term gain for people on the lowest ring of society until inflation catches up. The idea the govt can legislate people out of poverty is pathetically funny.

Conservatives lie to themselves about a lot of things, and I think one of them is the idea that by raising minimum wage you create massive inflation, as if the whole economy revolves around minimum wage workers. Wait, aren't these the same people you say don't deserve health insurance, or tax cuts, because they aren't hard workers like the 250k earners?

 

[Throckmorton]

Originally posted by: CADsortaGUY

When are the libs ever going to learn that "MINIMUM" wage != "living" wage. Sheesh. Bunch of F'n morons.

They SHOULD be the same thing. If you are going to set a minimum, why would it not be the minimum needed to live decently?



By the way, there is a clear double standard here. Has anyone here turned down a raise "because it would cause inflation"? Has any of you criticized a family member for getting a raise because "I don't want my dollar devalued"? Has anyone ever criticized a CEO $25 mil bonus for causing inflation? This is RIDICULOUS.

No one gives a damn about wages, until it's the poorest people, and then suddenly the whole economic system hinges on them making half the liviing wage, or else "we all suffer the evils of inflation!!"

 

[mugs]

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

When are the libs ever going to learn that "MINIMUM" wage != "living" wage. Sheesh. Bunch of F'n morons.

Be better to put everyone other than the rich into slavery eh?

When was the last time you made minimum wage?

 

[Genx87]

Originally posted by: Throckmorton

Originally posted by: Genx87
Laughable if he thinks this will change anything. All it does it provide a short term gain for people on the lowest ring of society until inflation catches up. The idea the govt can legislate people out of poverty is pathetically funny.

Conservatives lie to themselves about a lot of things, and I think one of them is the idea that by raising minimum wage you create massive inflation, as if the whole economy revolves around minimum wage workers. Wait, aren't these the same people you say don't deserve health insurance, or tax cuts, because they aren't hard workers like the 250k earners?

Massive inflation? Who said that? But raising the lowest ring will push things along. I dont have a problem with a minium wage. My problem is when people try to us it as a living wage.

 

[Xavier434]

Can someone dig up some solid documented public records or at least unbiased studies which show how many Americans are making minimum wage and trying to live on it? Basically, all Americans that make it and are not students. I looked but I can't find much of anything that I trust a lot.

 

[Genx87]

Originally posted by: Xavier434
Can someone dig up some solid documented public records or at least unbiased studies which show how many Americans are making minimum wage and trying to live on it? Basically, all Americans that make it and are not students. I looked but I can't find much of anything that I trust a lot.

The labor dept will have that. The last numbers I saw was 1.8% of wage earners make minimum wage. Of those 60% work in the food service industry(waiters making tips).

 

[Xavier434]

Originally posted by: Genx87

Originally posted by: Xavier434
Can someone dig up some solid documented public records or at least unbiased studies which show how many Americans are making minimum wage and trying to live on it? Basically, all Americans that make it and are not students. I looked but I can't find much of anything that I trust a lot.

The labor dept will have that. The last numbers I saw was 1.8% of wage earners make minimum wage. Of those 60% work in the food service industry(waiters making tips).

I guess what I am trying to figure out here is whether or not it really might help reduce poverty. As it stands right now, there isn't much of a reason for a lot of people to take a min wage job while on welfare because it will not allow them to make ends meet while remaining on welfare does. At the same time, they do not qualify for anything that pays better and if they do qualify they still cant get the job because the number of jobs available is low meaning that the standards that employers can make for new hires can be raised since there are lots to choose from. I realize there is a risk of prices on necessities going up to compensate, but by how much is the real question if at all? There is still business competition to think about so that should help make it work right?

The other part I am trying to figure out is whether or not now is the right time. Prices on necessities have been going up and min wage needs to compensate, but would such an increase be effective now or would it be better to do it later?

 

[Jschmuck2]

Originally posted by: mugs
Pandering to the masses (most of whom don't even make minimum wage).

Originally posted by: joshsquall
Stupid. All this does is decrease the purchasing power of non-minimum wage workers.

Or maybe that's the plan. :Q


If you're an adult making minimum wage, that's your own damn fault.

Really? What about the mentally handicapped who work minimum wage jobs? Is that their damn fault?

 

[ElFenix]

Originally posted by: Xavier434
Can someone dig up some solid documented public records or at least unbiased studies which show how many Americans are making minimum wage and trying to live on it? Basically, all Americans that make it and are not students. I looked but I can't find much of anything that I trust a lot.

last discussion we had on it the stats that were linked to showed 55% or so were students. that was using 2005 numbers. here's the 2007 charts:

http://www.bls.gov/cps/minwage2007tbls.htm#1




how many people are actually trying to live on minimum wage is a good question, but i think the better question is how many are trying to live on minimum wage and are stuck there? it's a very small number, in the grand scheme of things.

Originally posted by: Jschmuck2
Really? What about the mentally handicapped who work minimum wage jobs? Is that their damn fault?

like i said above, the very small number of people who are stuck on minimum wage would be better helped by more targeted help than a broad-base increase in the minimum wage.

 

[mugs]

Originally posted by: Jschmuck2

Originally posted by: mugs
Pandering to the masses (most of whom don't even make minimum wage).

Originally posted by: joshsquall
Stupid. All this does is decrease the purchasing power of non-minimum wage workers.

Or maybe that's the plan. :Q


If you're an adult making minimum wage, that's your own damn fault.

Really? What about the mentally handicapped who work minimum wage jobs? Is that their damn fault?

All of the mentally handicapped people I know make more than minimum wage.