Being a die-hard democrat, I find one our goals, minimum wage, this I can't go along with as it is stated and its intentions. This bill/law addresses a very small percentage of full time legal American laborers. The number of Americans that are on fixed incomes numbers about 3 times the number of people on minimum wage now. The minimum wage law should address this problem as well. Minimum wage tries to raise the standard of living for 1 low-level employee and it decreases the standard of living for 3 on fixed income. This law does NOT, repeat does NOT raise the standards or purchasing power for the low level employee. Keep in mind as minimum wage goes up the price of all merchandise and all other laborers wages goes up, so the low level employee is still in poverty and the fixed income individual is now sub-sub-poverty.
As a democrat I cannot support this issue.
Also, consider that the new "ethical and moral compass" seems to be speaking out of both sides of their mouths, considering that the minimum wage bill specifically excludes American Samoa (the only US territory excluded) that happens to be a large percentage of the workforce for companies based in Nancy Polosi's home district. Now that's really bringing a new face to Congress isn't it?
What the democrats and the government try to do with minimum wage is provide workers with what they need, not what they are worth. This is the principal of welfare, provide the family what they need. Give a person what he needs and he has no need to work. Give me what I need and I would never lift a finger to work again.
As you stated, everyone is on a fixed income, then no one benefits from raising the minimum wage.
Think about it, you are very poor working for $5.25/hour today. Mr. X is making $7.25/hour today and is about 40% above very poor. Mr. X feels pretty good, not great. Minimum wage goes up to $7.25/hour, now Mr. X has back peddled to being very poor. Mr. X is working for minimum wage. The fellow making $10.00 is approaching very poor rapidly.
How the heck is gov't dictating wages good? I wish someone could explain this to me.
You: "A person that has been retired for the past 10 years has a reduction in purchasing power between 30-40%."
And isn't that also just as true for a minimum-wage earner? Meanwhile, the retired person has had a lifetime to buy a house and make a life, while the minimum-wage-earner has not.
The min wage has not gone up since 1997. Inflation has, profit have.
Its ignorant to think that just b/c min wage goes up that ALL prices go up. This is simply not the case as all products , goods and services are not performed by min wage workers.
On top of that if prices go up you can simply not purchase that product. Market supply and demand will keep prices in check. If demand out strips supply then inflation will occur.
Another auguement could be that raising the wage will create more jobs. yes, more jobs. More wages = money saved for education , more businesses opened, more money invested.
What really needs to occur is a floating min wage based on inflation like oregon has. Every year oregon raises the min wage to compensate for inflation. Its quite nice and fair to employees.
If your against min wage no matter how rich or poor you may be then your in favor of legalized slavery and you should go out and try to support your self or a family for that matter on 5.15 per hour. I guarantee after 1 year of that crap you will have a better outlook.
You failed to show any correlation between minimum-wage workers and "fixed income" retirees. Raising the minimum wage has no direct affect on fixed income retirees. How does raising the minimum wage decrease the standard of living for fixed income folks?
When you jack up inflation with artificial wages to provide certain people more dollars, those that are on fixed income suffer by the loss of purchasing power. Over a few short years, fixed incomers have a big hurt.
As minim;um wage goes up, so goes inflation. As min. wage goes up the cost of all goods and services go up. Any one that believes min. wage is good for the economy and upgrades the standard of living for the poor is just fooling himself. Politicians like the idea for increasing it because it is a good vote getter. Those on fixed incomes suffer the most. No one is looking out for them.