Quote:
Originally Posted by Seabass Inna Bun 
Your pardon. You asked what they'd done, not said they'd done nothing. Then I answered your question with two, and not the only two, things they'd done. Then, for reasons unknown, you tried to make this about your opinion of the minimum wage.
About which I still don't care.
|
It was mostly a heat of the moment type thing after your comment (unless I read it wrong...?)
Quote:
| putting a damper on the slide into poverty Bush policies have entirely failed to prevent |
Since raising minimum wage is actually closer to putting more families into poverty, it will put more people out of work and will spiral inflation further out of control, but Pandora's box has already been opened. At this point we need someone who can take the reigns of the economy (Ben Bernanke's a fucktard) so this coming election is really vital to the survival of the American economy. Back to point..
See, in raising minimum wage you have those millions of people who had worked for years to get those 3-5% pay increases to bring them up from 5.25 to $7-10 dollars an hour once minimum wage has been increased to 7.25 in 2009 those people will not be getting the bump they've earned they'll be closer to on par with the new employee's and since most companies will combat this increase in two fold 1) Increase cost to consumer 2) Layoffs .. Here are the resulting economic impact: it will increase the number of expenditures to each American citizen(more for a bag of Tyson chicken, milk, eggs, gasoline etc..), thus making them closer if not directly into poverty. It will cause more American's to be unemployed. It will cause more operations to be shifted overseas. It will cause more under the table employee's (Illegal Immigrants, migrant workers etc..). It will also cause more Americans to have health insurance coverage dropped, as companies will cut hours to combat their wage increase making them part-time employee's and ineligible for benefits... and a few other very bad things.
I'm also not going to get into the definition of poverty as the current definition of poverty is a joke, I don't know a single person that can survive by themselves for anything less than $22,000 let alone the number it is currently set at (google, wiki poverty line, click on first link).
(not directed at you SIB)
As to why a dollar would be the perfect minimum wage, that's in a virtual world. That would never be applied to the real world the complexities in changing that would bring the country to a complete catastrophic halt. See, if you have the wage set a a dollar you would have ZERO unemployment and the entire reason companies can pay you minimum wage or whatever you consider a crappy wage is because they can easily replace you with anyone else with a simple "help wanted" sign or Monster.com posting. If there is zero unemployment employers would have to pay you competitive wages in your industry to ensure that you stay with that company and don't move on to another company that can pay better. Also, the cost of living would be decreased exponentially, there would be less dependency from foreign imports such as China and there would be no need for illegal immigrants and the number of Americans who would actually be paid a dollar and hour would be less than a fraction of our current homeless who are currently unemployed and it would easier to track them for social benefits like Medicare, Welfare etc..
Now, in saying that I will reiterate.. that is a virtual model, there is no way to prove it, there is no way to implement it in America unless a huge economic catastrophe were to affect us (think great depression magnified by 10) because it would take a complete realignment of ALL businesses, trade policies, housing etc... This is why I said it would be better not to post that here because it was lengthy and I hardly covered the entire model or all of the points \ advantages towards it.
Now you can see why I opted to say, I'd rather not get into this here.. as this is lengthy and had little to nothing to do with the State of the Union address but I felt the need to address it since some ignorant individuals opted to chime in about my character without sufficient evidence to make such faulty accusations.