Minimum Wage
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The debate goes on: Does raising the minimum wage only raise prices with no real economic benefit? Or should it be raised to meet inflated prices already in place?

My prediction is 2 posts below. Check this out:
Former McDonald's USA CEO Ed Rensi warned on Tuesday: "It's cheaper to buy a $35,000 robotic arm than it is to hire an employee who's inefficient making $15 an hour bagging french fries," Rensi warned in a Fox Business interview on Tuesday. " It's nonsense and it' s very destructive and it's inflationary and it's going to cause a job loss across this country like you're not going to believe.
You should read the article. Find it at:
View link

But does CEO Ed Rensi make minimum wage or is he offering to? I mean, it would pay for loads of extra jobs if he did, right?

One would assume that a CEO would add value to his company where as a minimum wage worker could be replaced with another minimum wage worker (or machine) at the drop of a hat. Funny thing about some people. Some people believe that the pay for a job SHOULDN'T BE what the person wants or needs but should depend on the skills required & the importance of the job. For instance if I were going to pay someone to cut my yard he might WANT a new car or maybe he might WANT to live in a bigger house. What he wants has nothing to do with what I'm going to pay him. I'll pay him based on the job. Odd notion for some to understand.
I guess that we could turn the argument around. If you paid $100,000 for a college degree would you like your pay to be 15 bucks an hour or would you want someone to hire you & pay you more based on your skills? Simplified: Low skills, low pay. Higher skills, higher pay.
Using the pay what they need argument. In NY city & LA (for instance) why would you pay them 15 per hour. That's not enough to live on. How about 100 per hour & they still probably couldn't buy a house.

I've heard that argument, yet to see a CEO 'punished' for not making the grade or even having to prove themselves, more likely a 'golden parachute' goodbye...paying $100K for a college degree in no way means you have better skills than someone else; many degrees offered are pretty low on the required skills for our society.

In a civilized society everyone has to somewhat survive.

Otherwise- why not say it would be cheaper and better for society to, say- stop providing pensions and health care to seniors? That would save a bunch of money...

NY and LA still need service workers and street cleaners and nurses aides and...well exactly the same services as any other city.

A little empathy goes a long way.

What I have often noticed is those people who argue that low minimum wage is a good thing would not want to earn it for themselves, no matter how good they say it is for society!

A higher minimum wage won't hurt me because I'm to old & have enough money. Having said that:
A higher minimum wage will drive prices up. Who gets hurt the most when price go up? Poor people.
Also just the other day I saw an article on a new restaurant touch pad that takes orders. Cheap to produce & cheap to install. So the logical conclusion to me is:
Some restaurants will switch to them & cut staff. (some won't).
As price go up (inflation averages 3% per year) those with lower costs will do well against those with higher costs.
Those higher cost places will have to cut spending. Waiters will be let go because the business has to survive.
More people out of jobs. More beginning jobs going away. Not good for those at the bottom of the food chain.

So, what's going to happen with all the people that don't make 15 bucks an hour now? Are they all going to quit their real jobs to work at McDonald's since flipping burgers pays better?

I guess you can forget those "value menus" when they double the wages too.

There are jobs that have workers making minimum wage in addition to salary earners.Not just fast food places are the only places that employ people for minimum wage. Most of the people in other lower paying jobs get medical benefits, and other benefits. Things that minimum wage workers do not get. I guess if value meals go up, you can always cook at home?

I'm not big on fast food anyway, so it won't affect me. I was just making a point. There is a lot more to this than just increasing low wages.

See what Walmart's been doing, adding those self-checkouts? One person can man like 8 of those, instead of 8 other real people having jobs....

I guess if value meals go up, you can always cook at home?
I've heard that comment a lot. Basically that's saying that whatever service the minimum wage people do, they will just increase prices.
They did that exact same thing when the UAW kept increasing the labor costs on cars. Just raise the price. So how many auto jobs did we lose because they were cheaper to build overseas & the price of them got too high in a slow economy?
Well that won't happen to fast food or local type jobs here. What will happen is that jobs will just go away. It may be self service or a machine but what replaces those people won't matter. What will matter is that they will be out of work.

Oh & I guess that I should have added the common sense fact. A higher minimum wage makes prices go up so it HURTS THE POOR PEOPLE THE MOST.

Minimum wage raises seem popular but this is the result
Investors Business Daily reports Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food.
Wendy’s (WEN) said that self-service ordering kiosks will be made available across its 6,000-plus restaurants in the second half of the year as minimum wage hikes and a tight labor market push up wages.

IBD says that using the kiosks will be up to franchisees.

Making $15 minimum wage means nothing if no minimum wage job can be had.

Looks like the cost of the safety net is going up

Headline from Los Angeles Times
California minimum wage hike hits L.A. apparel industry: 'The exodus has begun'
Los Angeles was once the epicenter of apparel manufacturing, attracting buyers from across the world to its clothing factories, sample rooms and design studios.

But over the years, cheap overseas labor lured many apparel makers to outsource to foreign competitors in far-flung places such as China and Vietnam.

Now, Los Angeles firms are facing another big hurdle — California's minimum wage hitting $15 an hour by 2022 — which could spur more garment makers to exit the state.

Last week American Apparel, the biggest clothing maker in Los Angeles, said it might outsource the making of some garments to another manufacturer in the U.S., and wiped out about 500 local jobs. The company still employs about 4,000 workers in Southern California
"The exodus has begun," said Sung Won Sohn, an economist at Cal State Channel Islands and a former director at Forever 21. "The garment industry is gradually shrinking and that trend will likely continue."

the minimum wage bill just got passed in new york state. a lot of people like myself are pretty upset that it went up to $15 over the new few years while a lot of us make barely that now with educations.

you are mad why? that people can make more money than you who didn't have to go to school? isn't that more a problem of your employer not paying you enough, the rise in minimum wage never will be more than what a degree professional will get if it is...maybe you need to look into another profession or quit your job and get one of those good minimum wage jobs you are jealous of

What I don't like is this will raise the cost of living and then the raise in minimum wage means nothing. $15 an hour sounds like an awful lot for minimum wage.

$15 is absolutely idiotic. I have a $10 an hour job and it is in the oil and gas industry as a geologist. I worked hard and got my degree and I was lucky to even get a job because of the downturn! I am off for a week now, but if it wasn't for being able to get paid this little, I wouldn't have gotten my foot in the door!

Minimum wage has to go up in order for people to survive. I know a lot of people are stuck in what they consider good job, for lower wages. I have had a few of those great jobs that pay low and never went up. So how great of a job is it? At this point better off in one of these minimum wage jobs if you do not want to work in a job that has paid less.

They've just raised the minimum wage here in England and lots of people think it's going to cause some problems but hopefully it'll be alright.

It will not be alright. The free market principles will never be proven false and the economy is gonna get worse. Just look at socialism in England before Thatcher. The whole country was going down the tubes!

It has been reported in the news that no one can survive off minimum wage alone in the U.S. I think we as people should learn to invest what we can to maximize our dollars.

it is possible to live off of minimum wage but it is very difficult. at one point i was working at a restaurant, paying rent at a duplex along with my phone bill and groceries, it wasnt easy but sometimes you do what you have to do

In a city like New York, $15/hour equals gross pay of $600 for 40 hours work. Out of that come deductions for federal income tax, NY state income tax, NYC income tax, social security, and medicare. (If they commute from New Jersey, they also have to pay NJ state income tax.) What's left is maybe $400/week. That may not sound so bad. But average rent within 10 miles of New York City is $3000/month. Even in the least expensive neighborhoods, it starts at $1500, if you can even find a place that cheap. So more than half of a minimum-wage employee's income goes for rent. Then more goes to utilities (also high cost), groceries, transportation, medicines, and more. One person living alone can't support themself, let alone a dependent. Two people, both working and sharing a unit would still have difficulty because the rent burdens alone would still consume more than half of each person's income. Is $15/hour really a grotesque minimum wage under the light of reality?

Yes it is horrible. In the Midwest you could live off of 7$ a day much better than $15 a day in new york city. Now maybe your city should consider changing the minumum wage, but don't mess up the midwest because of that.

I am glad that they are raising it in a few different places and it would be more than welcome all over the world. People should be paid properly for the hard work that they do.

I'm glad they're increasing the minimum wage in the U.S. It's a slow process, but at least it's happening. Hopefully it'll keep on increasing until everyone gets a fair wage.

It will not be a good thing and It probably wont happen. Just means that there will be more under the table business activity, low wage jobs are great for high schoolers etc. and no one will pay $15 to them and we will have lots of teens without work on the streets. Not a good thing for crime.

There does need to be a gauge or a guide for deciding the pay range in the US. However I sometimes feel the pay should be coordinated to the skill level of an individual as well as age. I hardly think it's necessary to pay a 16 year old $15 to scoop ice cream or serve up ring up a sandwich sale at the local deli. On the other hand I think a man or woman who has experience and skill in a defined area should be given an opportunity to begin at a minimum wage and a trail period of 30 days to prove their effectiveness and efficiency on the job with the agreement of a higher rate of pay at the end of the trial period.

I really feel for the people who are struggling to live off of the minimum wage. I don't understand how anyone can seriously expect people to actually live off of it. How can they afford bills and food for themselves? I hear people talk about how the minimum wage shouldn't be raised and I just think it's so selfish on their part. How can you not see the struggles of other people? Open your eyes.

Most people are not against raising minimum wage. What they are against is raising it as high as $15 an hour.

It could be based on where people are living. The area I'm in, I hear nothing but people being judgmental and even downright disgusting when it comes to this topic. You also see it a lot in the comments section on different websites. Unfortunately, they make a lot of assumptions and talk like they actually believe that people can live off of $7.25 an hour.

How do you not see the struggle of business owners, the entrepreneurs to hire people for that kind of pay? This will mean less people have jobs, period! And it is the small business owners who really risk their lives to start something, often taking out huge bank loans for the opportunity to make it big, at a huge risk. The min wage workers have very low risk, always get paid!

Most jobs here have minimum wage. Although prices of just about everything is already on the rise. So i guess for our country increasing the minimum wage has to be raised.

i believe minimum wage is 8.25 here, i dont think it has went up or changed since i worked at dollar general, who do only pay minimum wage....

I don't know how anyone can expect us to live on minimum wage with the costs of everything going up so much. I have heard arguments about how the minimum wage goes up in an area when the cost of things goes up, but in our area the cost of groceries have gotten ridiculous and it has been awhile since the minimum wage has gone up.

It would be hard to live on minimum wage, regardless if you are looking for another job while in that one it is tough. I don't think the job market is that great right now. I have not really seen it improve much. The price of food is crazy.

The price of food has went up about 200% over the last 2 years is what I read somewhere It is hard for everyone How about the senior citizens and those on fixed incomes I don't know what people are supposed to do We plant a garden every year to help on our grocery bill My husband also hunts I pinch pennies like you wouldn't believe We do lots of things that don't cost a lot of money or we do nothing

A lot of fast food jobs and minimum wage jobs are available and many people take them it is a job but can they survive.
Now my next door neighbor is 72, she can hardly survive, she didn't have hot water for several months, she needed a new water heater and didn't have the money. She can't work now she had an aneurysm, had to learn to walk and talk again.

That is so sad June I have come to realize that there are a lot of people in this world that does not have family that can help them I guess because we have family I was assuming that everyone does and this is not true

Faye, this woman has two daughters one son, the daughters are with the spouses, they each pay something for her, cable, or most of her mortage,the son is on drugs really bad, she had to put him out as he was stealing her stuff to sell for drugs. The daughters told her they can't help that much every month, so not sure how she is going to be able to stay there and worry bout utilities and mortgage. I don't think she can work much because she is getting very forgetful.

I only earn minimum wage as of now. Its still okay for me since I do not have children nor a wife. B ut for those with families, they will really have a hard time having this kind of low wage. It is only enough for 1-2 meals a day if there are electricity and other utility bills.

Not all the companies doing that i mean some of the compaines treating their employees very well, in my openion
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