Post by homewrecker on Aug 12, 2019 12:42:29 GMT -5
Raise minimum wage? yea or nay
Here’s my thoughts
If your goal is to get out of high school by graduating or quitting and getting a minimum wage job and planning on retiring from it, aim a little higher.
Minimum wage jobs are meant to be an introduction into the work force. Mostly by high school or college summer help it’s not meant for you to stay there.
Raising minimum wage will not help you in the long run all it will do is be a catalyst for the cost of living to go up.
When it is all said and done minimum wage workers (and current middle income workers) will not have any more money left in their pockets, because you will have spent more for everything you do. The meals eat, the movies you watch, everything you buy or do will go up in price. Prices will not stay where they are, to pay higher salaries they will raise the prices and pass it back along to you.
One thing for 100% sure raising the minimum wage will do is lower the standard of living for the middle class. (anyone currently over min wage)
If you are making anything over $16.00hr all raising min wage does is take money directly out of your pocket to pay for the increase. It will be passed along to you to cover the increased cost without a doubt. Your pay scale will not increase enough to cover the amount of inflation, meaning less in your pocket at the end of the day.
If you are middle class you should not support the increasing of min wage, your standard of living will go down because of the inflation it will create.
Min wage may need adjusting a bit from time to time but bumping it up to near what the middle class worker in a factory is making is crazy.
The workers making that $16.00 up range won’t get a cost of living raise to match that jump in min wage they are asking for. It will be right out of your standard of living.
And if you think it won’t keep businesses from employing more people you are wrong they wont be able to afford it and some cases may go out of business because of it.
Like I said if your goal is to have no ambition to better yourself by moving up the ladder away from the minimum wage job don’t try to penalize me by lower my standard of living to match yours.