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The US Minimum Wage

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sonofghandi
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10 Sep 2014, 6:58 am

1024 wrote:
People spend the dividends too, not just the wages. Companies reinvest the profit they do not pay as dividends too by buying new stuff for the company.


Most companies do not pay dividends. Most stock is not owned by individuals. There are not too many minimum wage earners who own any stock at all.


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sonofghandi
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10 Sep 2014, 7:03 am

Dox47 wrote:
and the big chains are going to go to automated order kiosks and such to reduce labor, which is already starting to happen.


^this would happen no matter what the minimum wage is. Any technology developed that can eliminate the need for humans has always been implemented and always will be.

That being said, the proposed minimum wage hikes are somewhat drastic. It should be a much more gradual uncrease, and should be tied to CPI in order to avoid this mess in the future.

A hike in minimum wage would have the benefit of raising the inflation rate, which is currently to low (to the detriment of large scale economic recovery).


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10 Sep 2014, 10:22 am

The minimum wage in Arkansas is $6.25,no one can get ahead on a wage like that.You're lucky to just get by.
http://www.arkansasonline.com/news/2014 ... lr-street/


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