Demo Congress Passes Minimum Wage Increase

[Yonivore]

I really don't understand why one would be against this.

Then you don't understand economics.

[johnsmith]

Then you don't understand economics.

No, I completely understand economics, I just don't agree that a raise in minimum wage from $5.15 an hour to $7.25 an hour is going to have a big affect on the national economy.

[Yonivore]

No, I completely understand economics, I just don't agree that a raise in minimum wage from $5.15 an hour to $7.25 an hour is going to have a big affect on the national economy.

D'okie dokie. Then why did Pelosi protect the tuna industry?

Oh yeah, how many entry-level teen jobs, grocery sackers, stock persons, unskilled maintenance, etc... will now cost $2.10.

Trust me, a $2.10 mandatory raise will affect the price of groceries and other products where there is a high dependency on unskilled, minimum wage labor.

[Spurminator]

I guess we'll see...

[SpursWoman]

If someone has worked years to get to $7.00/hr, I'd say they have a lot bigger issues to deal with than payrate.

Using that logic, the only non-loser people with no "issues" that should be affected by a minimum wage increase would be the 16 year olds, or those brand new to the workforce.

But yes, IMO, being uneducated, unmotivated, and/or having a very low capacity to learn to advance your position is a big issue.

[Crookshanks]

What you people fail to comprehend is that the vast majority of minimum wage earners are not people trying to support a family! They are KIDS, living with mommy and daddy. So those kids earning $2.10 an hour more are really going to help the economy? I guess they'll be buying more movie tickets, ipods, and sneakers!

I heard on the radio this morning that, even though Texas is considered a low-wage state, we still have a very small minority of minimum wage earners. The economist said the minimum wage hike would have very little, if any, impact on our economy.

[Spurminator]

Would it be so difficult to have an over-18 minimum wage and an under-18 minimum wage?

[Crookshanks]

Would it be so difficult to have an over-18 minimum wage and an under-18 minimum wage?

Nah, that makes too much sense!

p.s it's a great idea though and I'm pretty sure it's been discussed.

[101A]

Would it be so difficult to have an over-18 minimum wage and an under-18 minimum wage?

Politicians want to hook em young.

[DarkReign]

Politicians want to hoom em young.

Especially the Democrats. They just gave their (potentially) biggest voting demographic a $2 raise.

[Extra Stout]

D'okie dokie. Then why did Pelosi protect the tuna industry?

Oh yeah, how many entry-level teen jobs, grocery sackers, stock persons, unskilled maintenance, etc... will now cost $2.10.

Trust me, a $2.10 mandatory raise will affect the price of groceries and other products where there is a high dependency on unskilled, minimum wage labor.

Gross markup in the grocery business is like 25% on average. Net margin is like 6%. Labor costs are probably a little over half the difference. So that's about 10% of the price of groceries.

If the 40% bump ripples through the entire labor force, that would mean a 4% rise in the cost of groceries.

For a family spending $150 a week of groceries, that works out to $6 a week, or $312 a year.

Now if it on average is say, a 25% bump, then the hit is $195 a year.

[George W Bush]

Gross markup in the grocery business is like 25% on average. Net margin is like 6%. Labor costs are probably a little over half the difference. So that's about 10% of the price of groceries.

If the 40% bump ripples through the entire labor force, that would mean a 4% rise in the cost of groceries.

For a family spending $150 a week of groceries, that works out to $6 a week, or $312 a year.

Now if it on average is say, a 25% bump, then the hit is $195 a year.

It's all fuzzy math to me.

[angel_luv]

It is about time the minimum wage is increased; it needs to start catching up to the cost of living.