Federal Minimum Wage

[ted]

Hey all,

A question was brought up in another thread; should the Fed raise the minimum wage?

What's your opinion?

Should people be protected by laws that say that those earning minimum wage should be subsidized by the Fed to make up the difference in any financial void caused by low paying jobs?

If it was raised substantially (say by another $5.00/ hr) would companies simply pass the cost off to the consumer, or would they just eat the loss?

Have fun.

t.

[darkest_red]

I can't comment on this as I get paid under the legal wage, despite the fact that I work in a legal department! (The irony is not lost on me!) I am now known as

[ted]

Awww...

Does the UK have a minimum wage set by law?

t.

[Guest Thomas I believe]

Hey all,

A question was brought up in another thread; should the Fed raise the minimum wage?

What's your opinion?

Should people be protected by laws that say that those earning minimum wage should be subsidized by the Fed to make up the difference in any financial void caused by low paying jobs?

If it was raised substantially (say by another $5.00/ hr) would companies simply pass the cost off to the consumer, or would they just eat the loss?

Have fun.

t.

<{POST_SNAPBACK}>

Ted, I think they should raise minimum wage to 8.00 per hour. Even at 40 hours per week at that rate its pretty tough to make it !!

[other one]

If we do raise it the cost will be carried on to the general public. Companies simply can't absorb that kind of cost. I like the $8.00 myself. and would be very glad to pay a bit extra for the things I buy to make up for it. Unfortunately those getting the raise would have to pay more also, and then there are those companies that if they can simply move all the more jobs out of the country and then we have even more problems.

It is my personal belief that the wages would be higher if so many companies had not moved out of the country. Walmart, who used to be a USA company has pretty much turned into a Chineese outlet mall.

I really don't know how it would all work out, but we need to do something.

Sam

[ted]

I think it should be raised to reflect changes in inflation and other factors, but we run the risk of going overboard and having even more companies turn to cheaper labor overseas.

Kind of a sticky situation.

If the Fed raises it too much, do they also create laws preventing comanies from utilizing overseas labor?

t.

[Guest Thomas I believe]

I think it should be raised to reflect changes in inflation and other factors, but we run the risk of going overboard and having even more companies turn to cheaper labor overseas.

Kind of a sticky situation.

If the Fed raises it too much, do they also create laws preventing comanies from utilizing overseas labor?

t.

<{POST_SNAPBACK}>

Yes it would be the only way it could work. Why can't we protect our people here at home with a livable wage and job security ! This country has been an example to the world for quite some time now. But what kind of an example are we setting ? Lets take care of our people here. Its Time !!!!!!!

[other one]

It would help if there were not tax breaks for the companies that move out of the country...

[Work in Progress]

I was going to say 'yes', I think the minimum wage should be raised, until I read your post, Soldier. Hmmm.......something to ponder.

And yes, I think the public will absorb the cost. The big money corporations sure won't.

[koppen]

All I can say is RAISE IT! A single mother cannot work for minium wage and pay rent and regular bills much less insurance on a car and for the kids. It is crazy!