http://www.huffingtonpost.com/2014/10/16/minimum-wage-public-assis_n_5992458.html$10.10 Minimum Wage Would Save The U.S. Government $7.6 Billion A Year
Raising the federal minimum wage would save the government billions and have sweeping benefits for low-income families, according to a new analysis by the Economic Policy Institute, a think tank focused on labor issues.
EPI's report found that if the minimum wage were boosted from its current level of $7.25 per hour to $10.10, as proposed by the Fair Minimum Wage Act of 2014, more than 1.7 million Americans would no longer have to rely on public assistance programs. This would produce $7.6 billion per year or more in savings for the federal government, according to the study.
Millions of Americans, known as the "working poor," are unable to lift themselves above the poverty line despite working full-time, minimum-wage jobs. Increasing the minimum wage to $10.10 would mean that many of these people wouldn't have to rely on additional public subsidies to make ends meet.
Currently, half of all people earning under $10.10 per hour, roughly 11.9 million Americans, receive some form of means-tested benefits from the government, like the Earned Income Tax Credit, food stamps and others.
Last year, EPI researchers estimated that raising the minimum wage to $10.10 would likely boost wages for 27 million American workers.
The federal minimum wage has not been raised since July 2009. The Fair Minimum Wage Act, which would gradually bump the federal minimum wage up to $10.10 over three years and peg future increases to the consumer price index, is currently stalled in Congress.
If the minimum wage had been pegged to the overall productivity rate of the U.S. economy since 1968, workers would be earning about $18.42 per hour today, according to the study.
EPI argues that the savings produced from a minimum wage hike should be reallocated to other underfunded social safety net programs that reduce poverty, rather than just reducing the budgets of the programs that saved money.
"Raising the minimum wage is one simple and long-overdue step toward rebalancing the social contract so that the private and public sectors are more equal participants in improving living standards for American workers," the report states.
Raising the minimum wage would save about $7.5 billions of tax-payers money
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Ace Boobtoucher
Founder and Captain of the Douchepatrol
Bullshit. If the minimum wage increases, costs will increase. Minimum wages are meant for entry level positions. If someone wants a better living they need to acquire the skills or experience and ask for more money. The fifteen dollar wage increase in Seattle backfired on the commies up there. Every business up there tacked on service surcharges to defray the stupid cost of this ass backward ideology driven crap. Sort out your own fucked up country and we'll worry about ours.
States That Raised Minimum Wage See Faster Job Growth
http://www.npr.org/blogs/thetwo-way...inimum-wage-see-faster-job-growth-report-says
I hate how two issues in particular, the minimum wage and tax cuts, have become almost like gospel (especially with conservatives). I mean that people take it as gospel that if you raise the minimum wage, 100% of the time it will lead to costs increase and job loss. If you raise taxes, 100% of the time it will lead to slow growth. We're now finding out that none of this is true. I think that because it's been drilled into our heads over the past 30 or so years that these are the effects that we've become blind from the actual facts.
Minimum wage should allow people to live without relying on the government to put food on the table. Minimum wage should allow people to buy food for the family, pay the rent and the bills for necessary stuff (such as electricity, water, etc.), some clothes, etc. It should be a living wage, it should allow people to have a decent life without relying on the government.
Watever your job, when you're working your ass off on a full-time job, you should be able to live a decent life in return without relying on welfare.
Anyone who doesn't think the minimum wage is half of what it should be is uninformed and/or reactionary.
Supafly
Retired Mod
Two things I learnt from this thread:
- More people have realized that it isn't only FAIR to let the actaul workers earn more, as the management earns WAY more. It is better for the economy.
And I found another new member for my Ignore List. Ace, you just can't talk sense, and you just are not willing to behave like somewhat NEAR civilized. You are a waste of time and bandwith. Bye!
- More people have realized that it isn't only FAIR to let the actaul workers earn more, as the management earns WAY more. It is better for the economy.
And I found another new member for my Ignore List. Ace, you just can't talk sense, and you just are not willing to behave like somewhat NEAR civilized. You are a waste of time and bandwith. Bye!
The multiplier effect. https://answers.yahoo.com/question/...2xvA2JmMQR2dGlkAw--?qid=20080513235600AA7oNIA
The 1% do not drive our service economy. They buy luxury items.
The 1% do not drive our service economy. They buy luxury items.
Little Red Wagon Repairman
MFOMBSoPGA
If you are on the consumer end wouldn't this be a math problem done in both directions that would vary from person to person? You'd have to see how much tax you save compared to the extra cost of the product(s). I eat a lotta fast food and live in a wealthy neighborhood. Just because I have money doesn't mean I don't want to have money. The thread was about saving money.
Will E Worm
Conspiracy...
Little Red Wagon Repairman
MFOMBSoPGA
If the poor try to take too much away from me I will eat their children. No one is innocent but nothing will be wasted. All shall descend into the Earth through my shit.
Entry level positions?....uhh...no, not really. Once upon a time that might have been somewhat kinda sorta maybe possibly the case, but there are a lot of people out there that are middle aged and trying to raise families on wages near the minimum now. I know a lot of them, and the jobs are often brutal (I'd go as far as saying I don't think you could cut it trying to do what they do.), and sadly they are skilled enough it's not like whom they work for can just go get somebody off the street to replace them in any easy fashion. When the economic system has been devised with a unfair rule book that lets companies have those people by the balls there is little they can do even then. They have also worked those jobs for years and years with no realistic hope of getting anything better. Minimum wage jobs don't just include teenagers trying to save up some money to buy a stereo or video game in their spare time anymore while lackadaisically carrying out their jobs.
I also find it comical, but in an accidental train wreck sort of way, how people like you like to dip into the "The Poor are Poor Because They Choose to be and It's All Their Own Fault" well for their line reasoning to rationalize their flawed way of thinking. I mean I guess some people have to delude themselves into thinking that because it's easier for them to come to that conclusion, no matter how stupid it is and no matter how much it takes a nosedive off the cliff face of common sense, than to admit some long-held near-religiously ideology not only doesn't coincide with reality, but actively hurts other people, and actively hurts other people to usually benefit the people who think that. Whatever gets one to sleep at night I guess. Maybe there are a small number among them that just don't care to try or like to live of assisted benefits, but in reality the overwhelming majority would trade what they get as a handout in a moment for a decently paying job, because as well as some people out there try to make it out like they are living it up great, in reality their lives suck.
I mean why don't the poor just all go and do that, go get more skills? No crap. What do you think they are all stupid, or they are for some reason almost all of them actively don't want to do that?
Yeah, that's much easier to think that to come to the conclusion like most rational people would that for most it's not a reasonably viable thing they can do for one reason or another, and that's why they don't do it. I could point out that there is only so many people that can fill skilled jobs both here and world wide, and there will only be so many of those as a part of the overall workforce needed. Most skilled jobs can serve large numbers of people, and there has to be a breaking point somewhere. By the vary nature of how our world functions it needs all those low level people doing their jobs to function. It's kind of important. When you think about it like that collectively they are more important than any other part of the workforce, and should be treated better. In comparison if scores of CEOs lost their jobs tomorrow not only does nothing really change for the worse, but the world might become a better place because of it.No, really the biggest fault of the poor anywhere, more largely than any other factor, is that they were born to the wrong people. Considering the biggest factor in one's success is how well and what class one's parents come from maybe we should blame them for that. The next biggest factor in somebody's success, which the previous is part of, is dumb ass luck. Skills and talent are pretty far down the list, and even then see previous sentence for what one needs to make those work, and even then nobody does it alone. Things like drive and determination scrape the bottom of the barrel. There are a lot of people with it that have gone nowhere and never had a real chance from the beginning.
...and to add to this, I can point out that every time there has been a minimum wage increase in our country's history the sky didn't fall, prices didn't jump through the roof, and the minimum now is ridiculously low on a historic level, and even at it's best hasn't been great.
The evidence is in
http://www.npr.org/blogs/thetwo-way...inimum-wage-see-faster-job-growth-report-says
When the fuck did the GOP become such drama queens? A year ago this time we were implementing the ACA and with the website issues being what they were I remember all these conservatives going on TV and making these outlandish remarks about the end of liberalism and shit like that. You would've thought the world was damn near coming to the end the way some of these people were talking
See how rabid these animals get when they're trying to defend an indefensible position! If every one of the facts are against you, just get really angry to make up the difference!
Costco, the anti Sam's Club
But no for Sam's Club. Dividend payments to the max for greedy stock holders is why they pay dirt cheap wages.
But no for Sam's Club. Dividend payments to the max for greedy stock holders is why they pay dirt cheap wages.
Because Wal Mart is owned and operated by a bunch of scumbags that have zero idea what a concience is.
Boycott the evil empire.
Ace Boobtoucher
Founder and Captain of the Douchepatrol
Mayhem
Banned
Plus it is Wal-Mart cheap products from China that has shut down many US based manufactures.
Wal-Mart is 2nd behind Koch Industries in ALEC contributions. Reason Mcconnell one of three priorities is strengthen free trade laws.
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