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Minimum wage or starvation wage?

August 16, 2013

Lately, there has been an outcry from fast food workers across the land and into our local areas concerning the minimum wage. The federal minimum wage is currently $7.25 an hour....

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SURV69

Aug-18-13 10:42 AM

Well, if the wages continuing going up and costs keep going up and the worker does not realize a "real" increase in living "the better life", for the increase, the GOVERNMENT, at least can enjoy the collection of the taxes because of the increase in the wages.

My dad always said that when he was young, only "rich" people paid taxes($10,000) was a LOT of money in 1920's.

Now $10,000 is poverty, but still enough to pay taxes on ... SS taxes and income taxes.

So, the way I see it, the only "real" long-term beneficiary to higher wages is the government.

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Citizen1

Aug-16-13 11:52 AM

Oh please. Raising the minimum wage will only do what it always does, raise prices across the board. The purchasing power of people earning $10-11/hour as the minimum wage will be equivalent to what it is with their current $7.57/hour wages.

With the increase, the people currently making $11+/hour will not see an increase in their wages, but they will see a major decline in their purchasing power, resulting in an increased number of new people earning a "starvation wage".

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