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Minimum wage hike?

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POSTED: Wednesday, February 13, 2013 - 6:35pm

UPDATED: Wednesday, March 27, 2013 - 12:14pm

President Obama called for congress to pass a raise in the minimum wage...arguing the current $7 dollars 25 cents is too little to keep a family above the poverty line.

“ No one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour,  he said Tuesday night.“
2/3rds of minimum wage workers are women, and it was last raised in 2009.
It all began in 1894 in New Zealand. Since then, 90% of the countries in the world have set a minum wage workers can be paid.
But Congressman Louie Gohmert thinks the proposed hike this time is a job killer.
‘When the unemployment rate is so dramatically high,” he says, “basically across the country but especially in minority neighborhoods, the last thing we want to do is take away the chance for entry level jobs.”
“About 57% would be women. About 85% of them are 20 years old or older,” says economist Doug Hill of the Economkic Policy Institute.
The argument is as old as the minimum wage itself. More money in the pockets of workers gets spent, thus improving the economy.
Or, more money in the pockets of workers forces employers to hire fewer of them.
And economists don’t even agree.
“As we’ve raised the minimum wage, more businesses have had to let people go,” Gohmert says.
“Our figures indicate you’re looking at something like an increase of 14-billion dollars in the Gross Domestic Product,” says Hill. “And that results in something like 100-120,000 new jobs.”
Gohmert disagreed, “It would just devastate East Texas as far as entry level jobs if we raise the minimum wage like that at this time.”

 

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In 1960 I turned 16 and wanted a car. I worked in the hay fields in the summer and made a buck an hour. A ten year old car cost about a hundred dollars. I worked a couple of weeks and bought my car. A 1952 Dodge Meadowbrook, six, fluid clutch, queen sized back seat! Cost a hundred bucks. Today a ten year old car costs five grand. Making $7.50 an hour it would take all summer to get my wheels. In order to be as well off as we were in 1960 the minimum wage should be around $45 an hour.

Obamacare says full time employment is 30 hrs./wk and any employer with over 50 full time employees must provide healthcare. So what has happened? Nobody will hire full time, and since a business must hire twice the employees part time to keep the doors open, they are blessed with double the payroll paperwork and the exponential increase in labor problems. To these added costs and losses add in an increase in minimun wage. Focused on jobs and healthcare, government kills business growth.

Yea yea...somehow if you raise the minimum wage that will bring in more jobs. Sure.

Just how that logic works escapes me. See the minimum wage is the floor. Raise it and employers have to decide if they can afford to keep people without raising prices. They know if you raise the prices some people will have to cut back and thus the company will actually loose money.

They can only raise it so much before they have to FIRE PEOPLE.

Obama just does not get that cause to him money grows on trees.

Obama is on the right track. I have worked minimum wage jobs all my life. My rent has gone up.
Food prices have gone up. Everything has gone up except my wages! How am I supposed to get off any kind of assistance if my wages never go up but everything else does? The poor stays POOR and the rich just seem to get RICHER. I thought this county was about stepping up and being responsible for yourself but it sure is hard when you just keep getting knocked down.

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