Unpopular opinion alert: rising the minimum wage will not help. The cost of living is rising so, they are back to the same situation. Also, it will give companies a reason to laid off workers and not hire more people.
Everywhere it has been raised it has helped and has grown the economy. Besides, the minimum wage hasn't grown with inflation, so if could be higher in the past, it can be higher now.
Here's a question regarding minimum wage. If we were to raise the wage by $0.50 what happens? Every single employee making minimum wage just got a $0.50 raise to their annual paycheck. Where do you think that money comes from? In order to support paying their employees this increase business owner are going to need to raise prices on everything else, because frankly they are not just going to take a sudden loss to profits. Do you see how this might affect everyone else badly? How now every item a person making minimum wage might be wanting to buy is now more expensive?
Here is my view on minimum wage: Minimum wage jobs are intended for students who are just starting out, those still in high school and college. If you are are in your forties, trying to raise a family, and still working a minimum wage job, than to be frank you messed up!
The money comes from the top 1% that has 40% of the money's wealth. Yes, the CEOs work hard, but CEOs make 380x the money that the AVERAGE worker makes. The CEOs dont work 380x as hard as their AVERAGE employee. (Yes, average). We certainly do have the money to pay our workers better and still have the rich be rich, and still have incentive for the poorer people to work to get richer. Democrats and republicans both agree (92% of everyone surveyed) that the money would be ideally distributed much much much more evenly than it is today (aka better pay).
The cost of living is higher than the amount of money hard working, college educated people are receiving. They have the experience, the have the education, but they don't have the jobs. Besides, workers at Walmart aren't even being paid minimum wage. They have workers work only part time, so they don't have to pay as much per hour (3 people working for 5 dollars is cheaper than 2 people working for 10).
Yes, but it wouldn't just affect the CEO's and the "1%." No it would affect everyone. What about all the small stores, all of the personally owned stores and employing branches of chains? As you said, the CEO's make enough money that a small increase isn't going to hurt them that much. Instead it is going to hurt everyone else.
As for the money distribution, in a perfect world yes the money would all be distributed evenly and perfectly throughout the populace. But we don't live in a perfect world and if we did money wouldn't really matter. And in my opinion if an individual or family has worked hard enough and made the right decisions in order to make their fortune then they deserve have/make more money then the guy sitting flipping burgers or pressing buttons in a factory.
I actually agree with what you said 100%, if the money was evenly spread, capitalism wouldn't work. And people that work harder should make more money. The minimum wage would have to be raised so the big companies change it first, because they have that ability, and a very small four person company might have as much as 2 years to change it. That way, consumers spend more money, making the money circulate better, and the small companies get more money circulated to them before they have to change their wages, giving them the ability to do that. What the richest Americans have is enough for everyone (you and me) to be above the poverty line (not including the poorest of the poor, like those not working), the middle class have a much more livable amount of money to support kids, their college, etc., and even the rich top 20% to be richer. Everybody but them would have more money if it was spread out differently, and even they would still be much richer than every else.
Felixo, you argue with logic and reason on your side. There is no place for you on this site, or even the internet in general. Thank you for applying critical thinking and not jumping on the knee jerk social justice bandwagon. I have up voted several of your comments today, and I am usually stingy with my up votes.
Here is my view on minimum wage: Minimum wage jobs are intended for students who are just starting out, those still in high school and college. If you are are in your forties, trying to raise a family, and still working a minimum wage job, than to be frank you messed up!
As for the money distribution, in a perfect world yes the money would all be distributed evenly and perfectly throughout the populace. But we don't live in a perfect world and if we did money wouldn't really matter. And in my opinion if an individual or family has worked hard enough and made the right decisions in order to make their fortune then they deserve have/make more money then the guy sitting flipping burgers or pressing buttons in a factory.