35% pay increase for some, bring it on

While I must say that I wholeheartedly agree that a certain level of minimum wage is necessary, I don’t believe that minimum wage should exist solely to provide a level income to provide for all of one’s needs.

After all, if one has a minimum wage job that is a “living wage” and healthcare provided for them, I don’t see a need to set a goal for someone to raise themselves out of mediocrity.

According to the link below for the Federal minimum wage, it is current $7.25/hr … please note that states are allowed to increase this above the current Federal minimum wage. The legislation put forth is trying to increase this up to $9.80/hr over a 3 year period.

I have had several minimum wage jobs over my lifetime, starting out somewhere around $2.90/hr while I was on work-study in high school.

What I found out years later, was that I was the one that was holding my income lower by trying to make myself feel better indirectly by blaming it on “the man”. Which is a term that is often effectively used as a name for “the company”, “business owner(s)”, and/or coincidentally the IRS (aka “the tax man”).

And don’t forget that there was an increase of 40% from 1997-2009 from $5.15/hr up to the current $7.25/hr.

Now, I grant you that it is rare if not impossible to actually survive on minimum wage jobs, unless either 2 or more people in the same household have minimum wage income, or if the person with that income has someone else providing most of their basic needs.

With all that said, who has managed to achieve an increase in their income of 35% or more without depending upon the minimum wage increases, especially in difficult economic times?

Federal minimum wage link.

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6 Responses to 35% pay increase for some, bring it on

  1. What things would you like to suggest? I’ll try to figure out a proper direction to have this article extended. Thanks.

  2. This really answered my downside, thank you!

    • Jhon says:

      Your argument also falls apart when the campony is privately held – and generally not beholden to outside investors. The campony is then free to do well by its workers – so the workers do well by the campony’s customers.Not at all. Such a campony still has to bid for workers just as public companies do. While its owner(s) can choose to reduce their margins below the industry average by paying people above market rates or even run at a loss such activity cannot last very long because in a competitive environment it is the consumers, not owners or workers, who drive activity. They will select the best products in a specific price range, which means that companies that overpay or waste resources do not stay viable for very long.Again, it is the business that is refusing by any obscure technicality possible. No it is not. It is the consumer who has no time for unrealized potential. In the real world where consumers part with their own money what matters is actual real world performance. They do not buy products that are higher priced because employers are paying more than the market rate. And you forget that paying a higher wage in anticipation of some potential being met later does not mean that the worker will take less later. In the real world, unlike the Utopian fantasy that you imagine, workers use employers to bid against each other and leave when a better offer comes along. In the real world the fundamentals of the labour market is ultimately just like other markets. The rules I favor make it difficult if not impossible for business to not act in good faith.How the hell does that work? Who decides and on what criteria? Do we have some pointy-headed Utopian-dwelling bureaucrat who is ignorant of how business works make arbitrary decisions using his/her discretion or will you provide an objective way to determine this? If it is the former you have nothing but a corrupt system that enriches those that wield discretionary power. If it is the latter please point us to the rules that allow such objective determinations to be made.If employers thought not to stand athwart to hiring people – directly, in good faith, and on a voluntary basis(most importantly) – no problem would exist. Faith? Thought not to… How the hell do you make an objective decision using faith when value is subjective and the marketplace is driven by billions of subjective decisions made by voluntary transaction? And isn’t it hypocritical to talk about voluntary basis when you are arguing to limit voluntary activity? Or did you ignore that?What you call a process of interaction ignores all the issues of handling all those non-trivial errors. As a consequence of these errors, millions can and do end up on the wrong side thanks to business (and to a lesser extent, a business-favored-over-everyone-else government). It is a marketplace you moron. In it you have consumers bidding for labour against each other. If I think that you are only $3 per hour to me that does not prevent you from getting $10 per hour somewhere else if you can find such an offer. If you can’t and my bid is the highest you still don’t have to take it. Why should I as the consumer be forced to pay more that should because you side with the seller of the services?

      • I believe you are correct that just because someone wants to only pay you $3, that doesn’t prevent someone from going somewhere else to try and get $10/hr.
        Basically, I agree with your statement that the marketplace should be driving the increase, not forcing the seller of the services to pay it.

  3. It was my pleasure to share this info with you. Or at least one man’s point-of-view. :-)

  4. Itˇ¦s really a cool and useful piece of info. Iˇ¦m happy that you shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.

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