Juan_Bottom wrote:This thread is bananas. I've gotten the impression that nobody other than player and myself make less than $25K a year, or aren't CEOs of big dumb companies. Because why would you vote against yourself? Unless you only buy American products so you can feel good about yourself, but you want to pay the cheapest price so you want to keep workers down.... or if you live off of fast food and can't afford to pay more for Burger King.
Why shouldn't college students earn more money? Don't these poor bastards already get hammered enough?
If a business is successful, shouldn't they share that success with the ones who actually created it?
Of course you're not going to find many people working full time for minimum wage. Most of the businesses who hire workers for minimum wage suppress workers hours to less than 35 a week.
Slave wages will do nothing to help the worker or the economy.
I don't make more than 25k a year, don't quite make that, but make more than the proposed minimum wage. So what a min wage increase would do is cost me more to live, because when they pass those min wage laws, they don't require that everyone above minimum get a salary increase based on the percentage of minimum wage rise. Now, if the min wage increase law came along with a requirement to increase everyone else by 27% I might be "for" it - but the price of bread is still likely to rise by more like 50% because costs of things don't include "just" inflation.
To me, it's about buying power. A min wage increase doesn't increase the buying power of those who make min or barely above min; usually decreases the buying power for those because costs of the things they buy "most" increase more than the costs of things "the rich" can afford and buy more of.
I mean, the price of a can of tuna is likely to double while the price of caviar will see only a modest inrease.
Because the CEOs are not going to give up their bulk percentage of company profit that they've worked so hard over the past few decades to ensure they're getting.
I agree that it doesn't help the economy when they're this greedy, I've made that point in other threads.
But increasing the minimum wage isn't going to change that at all, it will just mean those who finally broke thru that min ceiling will find their buying power greatly reduced again.
It doesn't make me "bananas" it makes me sane to realize a min wage increase doesn't do anything, just like "make currently legal guns illegal" won't stop crazies from doing crazy illegal shit - at least, doesn't do anything but make Congress "look like they're doing something" to those to uneducated to analyze the root of the problem and the proposed fix and realize that in both the min wage and the ban guns, the supposed "fix" does not fix the real problem at all, and in fact, creates a new set of problems.