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Originally Posted by smack
i would be for raising the minimum wage 30%, but how would you regulate inflation?
if you could stave off inflation, and pay these people a living wage i think things would be alot better. i believe you would have generally happier workers and better service/products.
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As kenny basically said above, wouldn't raising the minimum wage only serve to increase inflation?
How do you stave off something that is an inevitability as a result of the increase?
kenny is right. If your minimum wage is at $7.25 and you're making $9 per hour on your job..... then they raise the min wage to $10/hr, you're not only going to get a raise up to the minimum but you would want to be paid more. Why? Because at the old minimum wage you were $1.75/hr above it, you were thinking "hey, at least I'm not being page minimum wage, I'm worth more"....
After they raise up the minimum there would be 1000's such workers wanting to make the same scale of pay. They'd be wanting $11, $12, $13.50 etc. People who were making $15/hr before the increase would want a raise too, and so on and so on.
Is minimum wage really set so that people can comfortably live on it? I always thought of it as the minimum.... and since I was never happy with the minimum I worked smarter and eventually found my way to earning more than twice the minimum wage, then 3 times it..... etc.
I think a 30% increase to the minimum wage is too much, personally.