The big winners of this minimum wage increase are Barry’s union thugs who will have to be given a big wage increase to stay ahead of the minimum wage crowd. This is BS.
The low-information voter will never understand. They’ve been programmed to believe the man or white man is keeping them down. All they want is more money and free stuff.
The RATS are really dumb on this.
I am no mathematician, but 7.25*1.39=10.0775. Looks to me like that’s a 39% increase! What? Even nobama started off suggesting an increase to $9.00 (a 25% increase: 7.25*1.25=9.0625). IMHO, even 25% is outrageous.
They would have been better off to suggest a $1.00 increase to 8.25.
Now, even more of the poorly-educated, minimally skilled, and indifferent youth will find themselves “priced out” of the job market.
No employment, or at least any worthy of the name, is ever extended by the employer, unless the employer was getting more of value from the person who is employed, than the costs of the position in terms of wages, benefits and fixed costs of providing the tools, physical environment, and the support services that make that position possible. If the employer is not making a profit after paying all the costs of maintaining the position, the position is abolished, and/or the employer ceases operations.
“Making a profit” can be a tricky proposition. The only thing that a person sells in this world, is the time available to himself or herself, and the only thing that anybody buys is satisfaction. Somewhere between these two standards of what I like to call “personal capitalism”, there fits all the basic reasons why a person is even alive.
There are all some very basic requirements to remain alive, and these needs build on a hierarchy. This is further explained in various textbooks of human psychology, and those interested may delve into that at their leisure as it piques their interest.
All human beings share an intense desire to be loved, and if that means that in order to be loved, one must provide for the wants and needs of others, then a basis for commerce comes into existence. The individual trades what he or she may possess, for whatever someone else has either in excess, or does not any longer want or need.
But simply dictating to another what should be exchanged or the terms on which it must be exchanged, is no way to gain either the acceptance or the consummation of such dictated exchange. Managed or command economies will always, and sooner than later, end in failure.
Minimum Wage? $0.00 per hour. Anything more than that should be in the light of what benefit is provided to the person offering employment in exchange for the time and effort extended by the employee.
Regarding Minimum Wage:
“It is much better to enact a minimum-wage law even if it deprives these unfortunates of work… better that the state should support the inefficient wholly and prevent the multiplication of the breed than subsidize incompetence and unthrift, enabling them to bring forth more of their kind.” - Royal Meeker, U.S. Commissioner of Labor, under Woodrow Wilson