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Minimum wage increase may cause innovation or job loss

Abstract:
The federal minimum wage will increase from $5.85 per hour to $6.55 per hour Thursday. ...

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D

posted 7/21/08 @ 4:40 PM CST

Dumb...when you increase the minimum wage, that's millions of people who are getting paid more. The price of goods and services goes up in turn. You can't just pay everyone more and expect nothing to change...Thus, the minimum wage debate becomes a cycle. It's about as great a solution to poverty as printing more money. I am testimony to the fact that I am NOT living any better at 5.85 (now 6.20) than I was at 5.15...because the things I buy and wear and eat simply increased in price.

Bailey

posted 7/22/08 @ 2:44 PM CST

This is why we need more illegal immigrants. They work for less than minimum wage and tolerate the sun pretty well.

You're a dumb**s

posted 7/22/08 @ 11:01 PM CST

And while we're at it, let's go back to slavery because we know how cheap that was! You uneducated fool, your comment isn't funny.

Originally posted by

Bailey

This is why we need more illegal immigrants. They work for less than minimum wage and tolerate the sun pretty well.

Justin Clark

posted 7/22/08 @ 5:35 PM CST

One solution that I have heard of is to do away with minimum wage all together. Let the agreement between employer and employee determine how much an hour of labor is worth for that particular job. This would allow employers to pay more strenuously worked employees more money in wages. No one lives off of minimum wage alone, it's almost impossible. It barely puts a person above the poverty line. Minimum wage is not designed to support a family, it is just a starting point for a starting level employee, usually at a job where skills and experience are not required. By doing away with minimum wage people would be much more enticed to learn a trade or skill and possibly further their educational endeavors. This could result in an educated more informed society with more ambition. Deregulated minimum wage has many benefits for the hourly wage employee and employer alike. Instead of regulating commerce the federal government should be developing ways to stop inflation and bring value back to the dollar.

Austin '01

posted 7/23/08 @ 11:04 AM CST

Ditto Justin and D's comments. Let the economy drive wages and prices. Keep the Fedral Government out of management of the economy.

Joe

posted 7/24/08 @ 8:39 AM CST

Although this article interviewed upperclassmen, nobody hit on the great exclusion to the minimum wage that has been around since the New Deal: agricultural workers. You should have learned that in History 106.

When FDR proposed the first minimum wage, he faced a large stumbling block within his own party: southern congress critters who chirped at paying black field hands anything close to what a white man would make in the textile mills or other southern manufacturing industries. So, the agricultural exemption to the minimum wage was born and we've been addicted to it ever since, even as the color of the field hands has changed from black to brown.

With the price of fuel driving up costs at the grocery story, imagine what we'd be paying in farm workers were entitled to the same minimum wage earned that the kid who sweeps the floor at HEB. Keep chirping about illegals, and perhaps you'll find out.

Freemoney Family Organization

posted 7/25/08 @ 6:11 AM CST

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