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Originally posted by MAKSIM
Except this minimum wage affected 4 percent of people working and this day and age it would affect 45% of all people working. It's not on the same scale. The author made an illogical and pointless comparison.
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I think it says more about the state of the country today that so many people are working jobs where they only make $8/hour. That's very little.
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Originally posted by Mickey
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Everything costs more nowadays though, 75 cents then and $7.50 today is not comparable.
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Originally posted by Retro
So first of all, definitely not immediately comparable.
Second, the Clinton proposal of $12 deviates from a comparable percentage raise (to $13.60) almost exactly as much as $15 does, so it definitely doesn't lean in either candidate's favor to any significant amount. All Democrats in the race have supported raising the minimum wage significantly.
There needs to be solid research on the effect of very high wage increases on employment, on prices, and on various other economic factors before we can support that much of a raise, and right now that evidence (as far as articles I've read have stated) doesn't exist.
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I've seen a few articles in favor of the $15 wage (
and apparently all these economists support it). It seems pretty simple to me. People making more money suddenly have more money to spend at shops, restaurants, etc. That increase goes right back into the economy.
But I still don't think it would be right for all states, there should be a proportional increase in each state.
EDIT: Now that I think about it, he probably wants $15 to be just the start of increasing minimum wages; it would probably be pushed to $17-$19/hour in California for example. I don't know though.
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Originally posted by RatedG²
Now...granted I don't know anything about economics (I don't even know what inflation means lol) if this is true then I think I can change my mind on Bernie's $15 proposal. Wonder why Hill is sticking to $12.
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Quote:
Originally posted by MAKSIM
Read up on Seattle. That's why.
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Different reasons. Businesses could move to a neighboring city with cheaper wages and accomplish the same goals for much less, that's why Seattle has lost jobs. If the entire region increased wages, I assume there would be a lot less job loss. Seattle still has a great economy anyway.
And the head of our team was a rabid Republican who got really excited when McCain ended up winning our little location/precinct/whatever even though a total of 100 votes were cast the entire damn day.
