LeftofLeft
Diamond Member
- Oct 18, 2011
- 23,108
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You can't bitch and whine about keeping the minimum wage as it is and expect people not to be on food stamps.
The minimum wage isn't even $10 an hour. Tell me, repubs, could you live on that wage? The average fast food worker is 29 despite the fact that those companies are making record profits.
You all seem to believe in this fallacy that ANYONE could get a well paying job if they tried their darndest. That's moronic. There will always be poor working people as long as there are low wage jobs. Many single parents can't raise their kids on $10 an hour despite having a full time job. Should their kids be punished because their parents can't bring home a decent pay check?
Hey guess what raising the minimum wage would do?
1) less people would be on food stamps
2) the economy would improve because there would be a stimulation of economic demand. Capitalism 101.
Raising the minimum wage to 10.10 an hour would kill about 500,000 jobs according to the CBO. HOWEVER IT WOULD IMPROVE THE WAGES OF 24 MILLION PEOPLE who really do need the extra income. 900,000 people would be lifted out of poverty. The good far outweighs the bad. Again, less reliance on food stamps.
Minimum-wage hike would help alleviate poverty, but could kill jobs, CBO reports - The Washington Post
In a healthy, expanding economy, you can have it both ways. Here's how, employers compete for labor which is done through higher wages and more benefits (straight minimum wage is not even a discussion). In a tight labor market, more people are working, less are on food stamps. We have not been in such a position since Bush in 2004-2006. Clinton also did it in 1995-2000.
All you need is a a President and Congress willing to pursue such policies. However, current policies such as increased regulation, mandates, high corporate tax rates, keep cash on the sidelines, companies don't hire at the same rates. Hence, we have more people on food stamps and need to have debates about mandating higher wages instead of organically increasing wages.
Market-Driven is the answer.