What is wrong with an increase in minimum wages?

Question

A discussion on Minimum Wage is almost sickening to me.  We have millions of American workers who are struggling to make ends meet as  the price of virtually ever thing increases.

In 2011 the AVERGADE wage increase for CEOs was 39% (that’s the average increase).  

If a person making minimum wage of $7.50 and hour received a 39% pay increase s/he would get a $2.93 an hour increase taking them to $10.43 cents.  

So why if the average CEO is worth a 39% increase does the minimum wage employee not deserve something better than another year at minimum wage? 

 But then a soon as the minimum wage goes up everything else will take another increase.

spotty · Accepted Answer

When I was a kid we bought bread for 29 cents a loaf. Now it's pushing $4. Wages then were $40 to $50 per week. Now they are hundreds per week. Your last statement answered your question. If costs go up, prices go up, and we all end up ultimately in the same place. Politicians are notorious for using the minimum wage issue to garner popularity among low wage earners.

? · Answer

You are comparing apples and oranges. Where did you get your data? Is it just off the liberal media? Bet it does not cover all companies! Maybe just the fortune 500 most likely. You are correct as the MW goes up so will everything else. After all some trades (electric, plumbing, ...) earn several times the MW so they will go up the same several times. They will benefit the most. This starts an upward spiral and inflation. Stupid economics.

TedEx · Answer

Employers will become more and more selective in hiring young people,and will become less and less tolerant of those who are not measuring up.

The law of unintended consequences.

xpatinasia · Answer

Nothing.
"he AVERGADE"
There is something wrong about your spelling of "average".

lightperson · Answer

Have you thought about WHY everything then goes up???

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What is wrong with an increase in minimum wages?

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