The federal minimum wage is the lowest wage at which employers may pay their employees. Since July 24, 2009 the U.S. federal minimum wage has been set at $7.25 per hour. In 2014 President Obama proposed raising the federal minimum wage to $10.10 and tying it to an inflation index. The federal minimum wage applies to all federal employees including those who work on military bases, national parks and veterans working in nursing homes.
No, not to $15 an hour. I did not go into significant school debt for a degree that pays less than an employee at Mcdonalds. What would have been the point? That basically tells me I went into debt for nothing. I am drowning in school debt for NOTHING! Raising the minimum wage that much will only cause job loss, more automation and higher job competition. Which like in my industry means more unpaid 'internships' and less paid jobs with high competition. You can't make a living working for free.
It should have a minimum but it combines a number of issues: It goes up like it always has in small incremental stages:Yes, and adjust it every year according to inflation - No, most minimum wage jobs are meant to develop experience, not support a family - No, this will only cause prices to increase in a never ending cycle
I believe that all of these stances hold some truth. Most minimum wage jobs aren't meant to support families and increasing the minimum wage will increase prices and result in a drastic loss in available jobs as more companies will begin to replace human workers with machines. But I also believe that the wage should be increased to some extent to make our lives easier and adjusting it by age group so that a forty year old man isn't making the same wage as a sixteen year old kid.
No one will work more that 20 hours a week, if that, with a higher minimum wage. Companies will artificially inflate their number of workers because they will each work about 4 hours a day. Less work, less money, less "unemployment".
Two points: minimum wage laws are immoral for several reasons not the least of which is a violation of private property rights of the owner and the right of contract for the prospective employee. It is none of the government's business how people earn a living.
I don't think the answer is to increase the raise on minimum wage, even though a raise would be terrific. However, if you were to raise minimum wage it would raise the cost for other businesses to operate. It also depends on the economy.
The issue of minimum wage is that these United States are not a "one size fits all" situation. $7.50 an hour in Connecticut or California would be impossible to live on as the cost of living in these states is much higher than the average. In a state like Tennessee or West Virginia, the cost of living is much lower, therefore, allowing one making minimum wage to afford to live. Another issue to take into account is where the burden falls. A locally owned business cannot necessarily afford to pay employees $15 an hour and may buckle, layoff employees, or both. Similarly, even though chain
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