"There are people who actually collect welfare because it pays more money than a minimum wage job".
Do you realize this sentence actually refutes your whole article? What this means is there are people who would rather not work than earn a low income, or in the end are really just lazy and have no pride. So would these people work if the minimum wage was doubled? No, they would stay on welfare. So perhaps the first world's problem is the way they pay welfare maybe they should have a more careful investigation into who actually deserves it.
Now, the real problem is this, if there is no minimum wage employers will pay the lowest salary they can get away with, examples abound in Asia. Milton Friedman's ideas are just crap, I live in Honduras they were implemented and we went down the crapper, from being a poor country to being a practically derelict country, devaluating the currency is what actually makes people poorer. You see in a country like mine if you raise the minimum wage what people do is simply raise the price of everything. So a minimum wage is really just keeping the people at the same level of poverty. Devaluation on the other hand increases the prices of everything that is imported, and if you happen to import more than you export the people are screwed. The only winners are multinational corporations whose profits soar, no matter if the minimum wage rises the devaluation just makes their exports so much more profitable. And if there wasn't a minimum wage, I can assure you these companies who are getting so much more money would still pay the lowest possible salary. A minimum wage at least puts a stop on how low they can go.
Perhaps in the US you think a minimum wage is bad but I can assure you, you don't have it and companies will pay everyone the least they can. So I am sorry but my experience just tells me you are completely wrong.
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Well either way I'm against welfare, it creates dependency and robs from productive people.
Nice response. I totally agree with you.
the U.S. minnimum wage is now at $9/hr. - that is under 20k/ year.
Which is basically worse than poverty level.
To be honest, It's a bunch of fucken bullshit that a multi-billion dollar yearly profit company like Mcdonalds would consider paying there employees working full-time a bullshit wage that keeps them under poverty level.
Shame on Mcdonalds, Burger king, Gas stations and Any other place that pays minnimum wage.
It shouldn't be called Minnimum wage but instead "Poverty Wage", because that is exactly were you will be if you have a minnimum paying job.
Anything less than the current Min. wage, and your life will be unrealistically unsustanable and will eventually lead to needing Government help...
The problem is not that McDonalds isn't paying enough, the problem is that US dollars are now worthless. Prices are going up because of inflation and people can't afford to survive. The solution is not to raise the minimum wage instead we should lower taxes, cut spending, stop printing money, and stop borrowing. For most people, the only jobs left are McDonalds and other low paying jobs. It is unfortunate, but we can't solve these issues if we don't look at the underlying issue. The issue isn't how much a business pays its employees, it is that the money in which they are paying has no value. In 1964 the minimum wage was $1.25, but was paid in silver quarters. Today each quarter is worth about $3.17 and that minimum wage would convert to $15 dollars an hour today.
So, the problem isn't the minimum wage, the problem is greed, you are saying that the minimum wage in 1964 was in fact higher than it is now, but the profits of these giant companies and banks has increase multiple times with only a fragment of the population enjoying these benefits.