Quote:
Originally Posted by Locke
I'm not going to do the whole epic 'why Locke is again Minimum Wage Increase' rant again. This will probably be the 5th time (?) I've outlined exactly why but I'll give you the coles notes version:
Why raise minimum wage? To help people who have to live on it.
Who are those people? Information suggests that the vast, vast majority of people on minimum wage are very young, or very old and that its supplemental, ie. they're not living on that money they're using it as an addition to regular income.
The number of people who are in dire straights and living off of minimum wage is actually very small, I vaguely recall a number of people under 10,000.
There are more efficient ways to help those people than to give every single person what amounts to a pretty HUGE RAISE.
Secondly by raising everything for everyone you effectively raise nothing for anyone.
The whole point is purchasing power. If you flood the economy with a high minimum wage the cost of everything will increase as a result so their snazzy new $15/hour will buy them exactly the same amount as their last wage did while levying a hefty increase in prices on everyone.
Thats the nutshell of it. If you want the whole meal deal contact a moderator and see if they can dig up my initial posts on it in the original thread.
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According to a report by the Alberta Government in 2014 only 35% of minimum wage earners were under 20 and 11% were over 55. Please explain where you have come up with "a vast vast majority" from. Maybe the numbers I'm looking at are wrong.
In the same study it shows that 20% of Albertans earn less than the 15 dollar/hour benchmark, quite a large number of people, many more than what I would have figured.
What does the average#sub-$15 per hour worker look like? An article published in May 2015 on the Parkland Institute’s website reveals that this worker is likely a woman over the age of 25, working full-time and living independently. This worker is also just as likely to be working for a large corporation (more than 100 employees) than a small business. This profile does not reflect the image opponents are trying to portray, of some high school kid living with their parents and working for video game money.
Here is an interesting article on 2 States, one did what you want in cutting spending, cutting teachers.......the other did things that our current government is doing.
Now tell me why none of this will work here?
http://m.mic.com/articles/111424/2-y...omy#.DMOgZOLOo