Quote:
Originally Posted by GatorB
Sure it is better for businesses. Do you think it's good that business have to increase wages $2.10 over 2 years? Would it not have been easier on them to have it go up 15 to 20 cents and hour each year since 1998? Of course it would have.
Your premise only works if minimum wage goes away, which is fantasy. It's not. So since it's not, what is better way to raise it? Every 10 years with $2 an hour increases or 20 cents each year?
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Actually it's better for business for it to not go up for a long time and then go up alot than it is to have it go up in small increments.
For instance, that's 20 cents per hour, per year that they don't have to spend for every employee working for them. Then 40 cents an hour the 2nd year, 60 cents the 3rd year.
That adds up to ALOT of money over a 10 year period.
I agree that the minimum wage should be indexed to inflation and then we wouldn't ever have to talk about it again. Unfortunately, Republicans don't want their business constituents to have to pay mandatory wage increases every year....and democrats need the issue to get the working poor to show up and vote for them on election day, so neither party wants to fix it for good.