SHOULD THE MINIMUM WAGE BE INCREASED. how much?

Question

Update:

POLITICS

we dont know what a living wage is

Update 2:

POLITICS

there will be protest,strikes, and riots when everybody feel abused and way too underpaid

Answer 1

10.00/hr

• Happy Hiram

  Lv 7

  2 years agoReport

  I remember when a dollar was ten dollars. When you reuse the minimum to 1000$ and a loaf of bread cost $2000 how is that different than a .50 cent minimum?
  

Answer 2

yes it should

Answer 3

You're an idiot. Economists know the answers, not snowflakes who cry over everything in life

• ron h

  Lv 7

  2 years agoReport

  Economists DO NOT know the answers. I've never seen a rational answer here or elsewhere that contains the word "snowflake." Never.
  

Answer 4

those who are the most in need understand the least thus allow the george soros national socialist types to use them as canon fodder in their moves to enslave the needy to a mindless army .... trying to increase the income of the poor with government regulation is like trying to fill a colander with water

• ron h

  Lv 7

  2 years agoReport

  I think George Soros is a bad guy. Much like the evil koch bro's and Steve Mnucin and Betsy deVos.
  

Answer 5

Probably, but I wouldn't go to $15 per hour, I wouldn't go above $10

• Joseph

  Lv 6

  2 years agoReport

  I did, it made me want to make more, and I did. **** jobs aren't supposed to be careers .
  

Answer 6

Yes, but at least according to your location, like how some companies offer a geopay on top of a normal salary. (If you were to reside in NYC or San Fransisco, you would recieve a larger geopay than someone residing in Indianapolis, or somewhere with a lower cost of living).

• TheBansheeofBebop

  Lv 7

  2 years agoReport

  They call it geopay now? We just called it COLA. God, I hated expat payroll.
  

Answer 7

The popular rate is $15 per hour, but that is a short-term fix at best. What we should be pushing towards to address the wealth inequality problem is worker ownership of larger companies via real ESOP reform and converting many smaller corporate entities into employee-owned cooperatives. Tie those to local economic development organizations, which can act as a funding source for additional cooperative and ESOP companies (think a super-credit union), and you have a chance to help communities round out their economic base and aid those in distress to arise from the ashes. By spreading ownership, you give a broader range of people a piece of the wealth pie and you have an opportunity to tap into the entrepreneurial spirit of the worker-owners.

Source(s): Google: the Cleveland Model and Mondragon Cooperatives as examples.

• RICHARD

  Lv 6

  2 years agoReport

  ...most likely invest that money back into the company, or start more companies. 20,000 people with $500 are probably going to cash out their bonus and buy shoes and beer, and continue to complain that they are poor.
  

Answer 8

NO, especially not federally..

All it will do is put people who need the raise in a higher tax bracket while at the same time the cost of living will go up to offset it.

Each time the Min. wages has went up the cost of living has went up just a little higher... Its their way of keeping the poor poor and the rich rich..

Wait and see... when McDonald's has to start charging three or 4 dollars more for a burger then they charge now just to pay their employees will you still want raises higher for entry school level jobs meant for high school students and not for people with a actual family..

• ron h

  Lv 7

  2 years agoReport

  Not been to McDonald's lately, hu? A few years ago, Poppa John's Pizza complained that they were gonna have to charge 25 cent more per pizza to pay for health insurance fore employees. I did not cry with him. . If the guys at 7-11 were making a little more, they'd probably buy more pizzas
  

Answer 9

There should not be a federal minimum wage. Each state should set a minimum wage that best fits their standards. The federal government can not set one standard that fits all states.

• ron h

  Lv 7

  2 years agoReport

  Why, Larry? Right now, states can make min wage higher in their states?
  

Answer 10

if the min wage had been adjusted for inflation since it started

the min wage would be $4.70 today

so, no the min wage does not need to be adjusted at all

• ron h

  Lv 7

  2 years agoReport

  So, at $3.99 for Big Mac and min wage at $7.25, one hour of min wage labor today buys 1.817 Big Macs. In 1968, min wage $1.60 for an hour bought THREE and 1/4 Big Macs. Jeeper, 3.25 Big Macs is greater than 1.87 Big Macs. Oh, and Levi 501's were about $5 in 1968; they're over $50 now.