Bump in minimum wage overdue
Lewis DiuguidAnyone who’s worked for minimum wage knows what an increase in that salary floor feels like.
It is heaven. The Kansas City Star reports today that three years after the last bump up in the minimum wage, there is a push to raise it from $7.25.
The usual naysayers will surface saying it will hurt hiring and stall the already crippled economy. But for the workers who depend on that low wage, the increase in their salary will bleed right back into the economy.
It also will force companies that have been sitting on piles of cash to flush more of it back into circulation, and that’s a good thing.
George Hunsucker
Northland
11 months agoEarth to Lewis #25
Why are you wanting higher black unemployment then the already 14+% caused by jimmy II?
On the other hand, if we raised it to $25 think of all the Money we would suck out o f these dirty rotten capitalists! Yes!!!!!
or, would this just cause higher unskilled unemployment As study after study has shown????
Higher minimum wage, another disproven “progressssssssssssssssive” idea.
Kent Mueller
11 months agoThe phrasing that a higher minimum wage will “force” companies to use cash for higher payrolls just shows that the difference between the economic value of below minimum wage jobs and the minimum wages is actually a tax.
Mark Robertson
11 months agoOne of the major reasons for the minumum wage is for unions to have something to base their pay on. That is the real reason for much of the clamoring for an increase in the minimum wage. There should actually be no minimum wage. It hurts most involved, including the very ones that many claim they want to help, the low wage employee. The actual way to raise wages at all levels is to follow Ronald Reagan’s path. He cut taxes across the board, which of course includes for the “rich.” The economy soon boomed and there was a worker shortage for the rest of the 80s into the 90s. Companies, including those who hire lower income workers such as fast food and retail, were having to compete for workers. Thus they would increase pay and benefits to attract workers. It works every time. I still remember seeing help wanted signs in seemingly most businesses back then. Turning the economy around and thus raising wages is really not that complicated. Cut taxes across the board and overhaul regulations works every time. Thank you. Mark Robertson Independence
David Sautner
10 months, 4 weeks agoA study released by the Economic Policy Institute states that following a 1996-97 federal minimum wage increase, the low-wage labor market performed better than it had in decades (e.g., lower unemployment rates, increased average hourly wages, increased family income, decreased (poverty rates). Other studies performed by economists of before and after analysis state that increasing the minimum wage lifts the earnings and incomes of low-wage workers and their families, without generating job losses. Increasing the money supply in the consumer base would also strengthen the economy. When people make more $ they spend it, and that generates revenue for the city/state while also boosting business. With a weak consumer base all we can expect is more of the same, stagflation.