Monday, December 9, 2013
Minimum wage increase
USAtoday said "The action at the state level comes as organized labor and liberal groups have backed a wave of strikes by fast-food workers in cities across the country to put a spotlight on hourly wages. Advocates are pressing for a national $15 hourly wage, more than twice the $7.25 federal minimum wage." And nytimes said "Increasing the minimum wage is a misguided way to address the situation. It wouldn’t target those hurt the worst: the unemployed and low-skilled, and in fact would build bigger barriers for those without a job."washingtonpost had this to say "It’s no surprise that Nader, 78 years old and still fighting the good fight, worked with a couple of dozen liberal Democrats in Congress last year on a bill to lift the minimum to $10. That would still be below 1968’s level, but it would represent a $5,000-plus raise for close to 30 million workers at or near the minimum today (it would also add $25 billion to gross domestic product, according to the Economic Policy Institute). That bill went nowhere without White House leadership; even a lunch-bucket Democrat like Tom Harkin refused to hold hearings on the idea." Washington post also said "The assumption that corporate America is united against a higher minimum wage is wrong. Carl Camden, chief executive of Kelly Services (and co-chair of the Committee for Economic Development, the business-led think tank), tells me he supports raising the minimum wage and indexing it to inflation (something Mitt Romney supported in the campaign). “We have to focus on the issue of quality of jobs,” Camden says. “We need to make it meaningful to work.”" All of these thing together tell me that the miniunm wage is fine just the way it is and to raise it would give money to undeserving people.
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