Minimum Wage Boost? - 7 views

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  #1 Bridget Lowry on 10 Dec 13

   

  http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/07/could-hiking-the-minimum-wage-boost-the-economy/
  
  What do you guys think about the idea to raise national minimum raise?
  And what effect does the fact that the minimum wage in Marin and the rest of the Bay Area/California is much higher than the national average have on our culture?

   

  <div class="cArrow"> </div><div class="cContentInner"><a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/07/could-hiking-the-minimum-wage-boost-the-economy/" rel="nofollow" target="_blank">http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/07/could-hiking-the-minimum-wage-boost-the-economy/</a> <br /> <br /> What do you guys think about the idea to raise national minimum raise? <br /> And what effect does the fact that the minimum wage in Marin and the rest of the Bay Area/California is much higher than the national average have on our culture?</div>

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  #2 Kevin Leake on 10 Dec 13

   

  Although there are numerous and some very strong proponents against this idea, I think raising national minimum wage would definitely be beneficial, especially for the economy. As stated within your article, with the increased wage workers tend to contribute further to the economy through purchasing their companies products, as well as products elsewhere. The issues presented within the article are whether or not teenagers who work for minimum wage would contribute to the economy through increased pay, and what businesses would do if they had to increase wages. My response to this can be presented through an example, which should also answer your question about Bay Area/ California having a higher average minimum wage. I worked at Smashburger, who paid me $10 to work "Back of House" (cleaning, prepping condiments, toppings meats, and orders, and serving-up orders), who obviously figured this all out. They paid higher than minimum wage, had high standards for their workers and food, and eventually the money came right back to them. I know for a fact that myself and other employees bought the exact food we were making, and that with the money we made and spent, both ourselves and the company benefitted. Increasing the minimum wage, in my experienced opinion, is a win-win.

   

  <div class="cArrow"> </div><div class="cContentInner">Although there are numerous and some very strong proponents against this idea, I think raising national minimum wage would definitely be beneficial, especially for the economy. As stated within your article, with the increased wage workers tend to contribute further to the economy through purchasing their companies products, as well as products elsewhere. The issues presented within the article are whether or not teenagers who work for minimum wage would contribute to the economy through increased pay, and what businesses would do if they had to increase wages. My response to this can be presented through an example, which should also answer your question about Bay Area/ California having a higher average minimum wage. I worked at Smashburger, who paid me $10 to work "Back of House" (cleaning, prepping condiments, toppings meats, and orders, and serving-up orders), who obviously figured this all out. They paid higher than minimum wage, had high standards for their workers and food, and eventually the money came right back to them. I know for a fact that myself and other employees bought the exact food we were making, and that with the money we made and spent, both ourselves and the company benefitted. Increasing the minimum wage, in my experienced opinion, is a win-win.</div>

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  #3 Isaac Cohen on 11 Dec 13

   

  Which side one falls on the question of raising the minimum wage often aligns more with a person's political stance than with their knowledge of the economy, i.e. its a very politicized issue and people tend to believe what they want to believe. As I understand it (I could be wrong) conservatives generally argue that raising the minimum wage has no actual benefit to the economy and actually has a negative impact by causing employers to higher less as stated in the article. The liberal argument generally is that the minimum wage should be above what is needed to live above the federal poverty and that it is an oversimplification of economics to say that raising the minimum wage reduces employment.
  
  While I think there are logical reasons for both arguments I still think that it is a economic crime that the federal minimum wage is below the poverty line and that so many americans in the 21st century do not make a living wage. But maybe I am just letting my liberal bias effect my opinion...
  
  This article makes a pretty strong point for raising the minim wage and is a classic liberal position ( that I agree with!)
  http://www.huffingtonpost.com/sanjay-sanghoee/minimum-wage_b_2175801.html

   

  <div class="cArrow"> </div><div class="cContentInner">Which side one falls on the question of raising the minimum wage often aligns more with a person's political stance than with their knowledge of the economy, i.e. its a very politicized issue and people tend to believe what they want to believe. As I understand it (I could be wrong) conservatives generally argue that raising the minimum wage has no actual benefit to the economy and actually has a negative impact by causing employers to higher less as stated in the article. The liberal argument generally is that the minimum wage should be above what is needed to live above the federal poverty and that it is an oversimplification of economics to say that raising the minimum wage reduces employment. <br /> <br /> While I think there are logical reasons for both arguments I still think that it is a economic crime that the federal minimum wage is below the poverty line and that so many americans in the 21st century do not make a living wage. But maybe I am just letting my liberal bias effect my opinion... <br /> <br /> This article makes a pretty strong point for raising the minim wage and is a classic liberal position ( that I agree with!) <br /> <a href="http://www.huffingtonpost.com/sanjay-sanghoee/minimum-wage_b_2175801.html" target="_blank" rel="nofollow">http://www.huffingtonpost.com/sanjay-sanghoee/minimum-wage_b_2175801.html</a></div>

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