Minimum Wage Options

[*Steven*]

It's being raised, I think it's a dumb idea. What are your thoughts on the matter?

The minimum wage in Texas is 5.15$/hr. They're raising it to 7.25$/hr over the next 3 summers. I think that's kind of, unnecessary. For one, the majority of people making minimum wage are young high-school students etc. They don't stay making this wage for very long, and it's typically a starter job in which they make this money. By raising the minimum wage, no one (imo) benefits. The prices of goods go up because the employers are having to pay their employees more money and don't want to lose profit. Because of this, every day goods prices have gone up and people who don't benefit from the wage increase have to pay a larger sum of their salary/paycheck towards those every day goods. The people who are getting a higher wage (assuming they were working minimum) don't earn any more money in comparison to what they can buy. Sure the dollar amount is higher, but they have to spend more.

[*Steven*]

1.7% of the total population, 25 years and over, make minimum wage. ONE POINT SEVEN. That's a considerable minority. Women 25 and over, 2.3%.

What exactly is your point? Why does it need to be increased, when all it will do is create associated prices to rise?

[Spirited Away]

1.7% of the total population, 25 years and over, make minimum wage. ONE POINT SEVEN. That's a considerable minority. Women 25 and over, 2.3%.

What exactly is your point? Why does it need to be increased, when all it will do is create associated prices to rise?

This is all the time I have for, but per your question...

Using your statistics and your logic, with respect to the rising cost of living, that "considerable minority" group will not be able to buy anything if their pay does not adjust to the steady increasing cost of living. Consequently, businesses will lose that "considerable minority" group as consumers because they are unable to afford anymore than dollar store goods, fast food services, and the cheapest produce. All in all, a bad thing for the economy seeing how there is a "considerable" amount of people in that group.

The cost to run the business will rise, no argument there, but it rises along with many other factors. More importantly, how can you run a business when you're losing customers becaue they can't afford your products/services?