Being employed and making just over minimum wage this bill would impact me significantly. Evidence shows that Obama wants to raise the limit to around $10 an hour. It appears that this would turn into more money, but would it really? We have to think past the raise and look at the consequences. Higher prices. The president, however, states that it would create more jobs. I think that it would help grow the economy if people were given a living wage. You can read about it more here and please leave your opinion.
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I am in the camp of those who support raising the minimum wage, and I don't even have a job. While prices would obviously go up, this would be a small inconvenience. If you look into it, the highest historical minimum wage, when adjusted for inflation, occurred in 1968, at $10.86. See http://oregonstate.edu/instruct/anth484/minwage.html. Anyway, point is that $10 an hour is really only fair. Raising the minimum wage would allow more people access to college, creating more entrepeneurs, creating more companies, creating more jobs. Our economy would quickly start to self-build. I don't understand why any congressman would have an issue with that.
ReplyDelete-Liam Brookhart
Raising minimum wage would cause inflation in our economy and would hurt and not help it.
ReplyDeleteIt wouldn't hurt the economy that bad because people who earn minimum are spending every penny they get just to live. If the minimum wage was increased those people would put it right back into the econmy. Like Orkothar said it would help people get the money to pay for college and get educated so they don't have to get minimum.
DeletePeople would have enough money to pay for college but would they be thinking about college or would they be thinking about improving their lives through the extra money? Improving their lives meaning bigger home or next best technology or anything else that would seem like an improvement on their current standings. People wouldn't have enough money to pay for college by just one paycheck and they don't have the mindset of saving money because they were already living paycheck to paycheck and so they would use the extra money on something not to improve their lives for the future but just for the moment.
DeleteOK, lets look at the big picture, if these people do continue to live paycheck to paycheck it is actually improving the econmy: they are off government welfare and they are buying the new things putting the money back to the companies. Once the economy is recovered we can look at moving the welfare money to those who want to go to college to make America smarter.
DeletePeople are already living paycheck to paycheck with the government helping them so why would they change their behaviors if they got a little extra money in their pockets?
DeleteI'm not saying that people will change their habits. In fact, it's better for the economy if people do not. The businesses that have to raise their wages will have more money coming in because the people make more money. We're taking money from the big rich CEO's bank accounts and putting it back in circulation. Raising minimum wage means less people on welfare. Isn't that what conservatives want anyway?
DeleteLets raise minimum wage, it'll get people off welfare, pump money into the economy, and enable independent living for thousands of Americans. Cost of living right now is too high for people to be able to survive with minimum wage as it is. Minimum wage has to be enough to allow citizens to be able to be independent of government programs.
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