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10:41 AM
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Minimum wage now $9 an hour!!!!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 33640796:MV8yMTM3NTM3XzM2MDkxMjM1XzY2QkNBRjEz] [quote:4D Viewer:MV8yMTM3NTM3XzQ2OTRBNDJD] Is he trying to run us out of business!!! If you raise one side the other would even out with it!!! The money comes from the people that buy the product and the price just rose by $1 cause of the minimum wage raise!! He does not get it!! http://www.businessweek.com/news/2013-02-12/obama-seeks-minimum-wage-increase-to-stimulate-economy-in-speech [/quote] Raising minimum wage just means there are more people making minimum wage. All the people who were making $9 an hour when minimum wage was less than $9 an hour are still making minimum wage now so that just means more people are making minimum. If minimum wage was $6 an hour and it went up to $9 an hour and everyone, not just the people making the original $6 an hour, got a $3 an hour raise (from $9 to $12 for example) then raising minimum might makes sense. They don't do that though. When minimum wage is raised there are just more people now making minimum wage. Actually it never makes sense to raise minimum wage since that is the base that all prices are set on. When minimum wage rises all prices rise with it so that means that people who make minimum wage are making a little more per hour but the raise is eaten up by the rising costs so nothing has changed for them. Lots has changed for everyone else though since they did not get a raise, they are now closer to minimum and they have less buying power than they did before. [/quote]
Original Message
Is he trying to run us out of business!!! If you raise one side the other would even out with it!!! The money comes from the people that buy the product and the price just rose by $1 cause of the minimum wage raise!! He does not get it!!
[
link to www.businessweek.com
]
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