(05-08-2014, 04:30 AM)Shadow Wrote: Studies have shown that a living wage improves local economies far more than it damages. Someone who can barely pay rent on $7/hr is not going to be spending a dime on anything but survival. Like my b-i-l told me just a few weeks ago. When I made $80k/yr I spent $80k/yr. Now I make $30k/yr that's all I spend.
Do the math.
The reason the WH and others are pushing for minimum wages is that union contracts are tied to minimum wages. When the rate is changed the union workers get automatic raises. It's about rewarding their donors.
Raising minimum wage means inflation increases and the cost of goods go up. So there is no benefit gained from raising minimum wages other than fooling poor people into thinking something is being done for them..
Meanwhile, more jobs get shipped overseas, more businesses close, and fewer businesses can start.
Pray for me.
Hey which one of you stopped praying for me - it was a rough week. LOL