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Should everyone get a 35% wage increase if minimum wages are increased by that?
And work only 40 hours weekly.
Comment about a situation where an individual has incurred debt for educational expense but is earning only between $30 to $40 thousand annually say $15 to $20 hourly. Will not that individual believe they should receive an increase; despite whatever is said, prices will increase.
18 Answers
- Anonymous7 years agoFavorite Answer
I agree.
This creates more inequality.
Where does it end?
- ?Lv 77 years ago
Minimum wage raised kill jobs - forever - and those remaining employed DO NOT EARN MORE once you account for increased cost of living.
Minimum wage level : Unemployment rate r=0.44 p<0.0025 (In plain English, when we raise the MW, expect about a 70% chance average unemployment will be HIGHER afterwards than it had been before - forever.)
Children, the ENTIRE Democrat caucus is demanding AT LEAST 35%
Bill Clinton raised the minimum wage and job growth SLOWED-DOWN
- Anonymous7 years ago
No. I think it would make sense to increase the wages of non-min wage workers as well to reduce turnover costs. But it's essential only for the very lowest paid people because that increase could mean the difference between poverty and living a somewhat decent live. A 35% increase for an employee making $20/hour does not have that same effect, as this employee is already being paid enough to live off of.
- RockyD7Lv 67 years ago
It wouldn't matter if the wages tripled, the cost of living would have to rise accordingly to make up for the increased cost of producing stuff. Been that way since history began.
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- EdwardLv 77 years ago
LOL the market will decide the politicans talk,talk,an talk some more but I have seen this dog an pony show every couple of years for the last 30 years.Nothing will change much it never does.
- Anonymous7 years ago
If I suddenly was making minimum wage I would demand a raise.
- honestamericanLv 77 years ago
You just don't get the idea I take it.
For people who just pay barely above minimum wage will have to give their employees raises. Or else they risk losing their trained employees!
- ?Lv 57 years ago
prices that depend on minimum wage will increase. not everything depends on minimum wage
- Anonymous7 years ago
Who's suggesting anywhere close to 35%??
Well I'll rebuttal by asking, should the rich be taxed at 0%?