Minimum wages should be around $15-$20/hr with the cost of living (in some areas)
I now see all demographics of people acquiring jobs at fast food places. It's unfortunate that these are some of the only jobs available.
If minimum wage goes up, prices go up, because company's have to make a living somehow, and so all that does is increase inflation. There always needs to be some jobs that you can barely survive on so the economy doesn't go crazy.
Usually when people have more money, they spend it more often.
So low income areas with Walmart and McDonald's would still feel the benefits of minimum wage.
Tim works for $5.25/hr at Walmart 35 hours a week. He has no options for benefits, and after taxes he barely takes home anything to pay the bills for two weeks worth of work($367.50 gross, lets say taxes and SS take about 23% so $80.25 less, leaves you with around 285 for 70 hours worth of work)
Now rent, food, utilities?? This poor Tim can't even afford a pack of magic with his Walmart discount even!
I'm not even going to do the math on $10 more an hour, clearly Tim could afford to live a little. Saying people need to be underpaid is a very ignorant statement, only the greedy benefit from the underpaid.
/siderant Corporations have proven to be a cancer on societies once the local community proves to be dependent on them. Yes you can get everything at wal mart but that means less likely for an LGS to pop up near you. Less likely will you have the option of the best in gear for anything you buy at Walmart. Plus you're supporting a failed trade agreement that cost a lot of American jobs for cheaper production in Mexico.
By providing cheap goods and services, Walmart can sell them cheaper. Thus you do not need more money to purchase them. If Walmart raises employee salaries, then they'd have to raise the cost of the things they're selling. It's a wash.
You can go to mom and pop stores, but it's more expensive. People earning minimum wage can afford to shop at Walmart. They provide goods and services to regular, hard working people. I think it's arrogant to say they're ripping folks off.
Informed people who make a decent living can afford to shop at Trader Joes, where the employees are paid well and are given health insurance. That is where I shop. I consent in giving my money to that company, because I believe they're doing the right thing. Most people are not in my position. I do not begrudge them for shopping at a much cheaper competitor.
Dudecore has a pretty good grasp on this. It's a complex problem that is made worse by the fact that the price of living is higher in different areas. For example everyone is complaining about the McDonald's Budgeting site because $600 dollars isn't realistic for rent, among other problems, but in my area (small town Western New York) we rented a place last year that was 3 bedrooms and only cost $550/month. Although I think that they should be paid maybe 50 cents or a dollar more an hour, that seems like a small amount but 50 cents X 40 hours/week X 52 weeks/year = $1040 more/year.
Believe me, I'm all for the working man. I am myself. I've been swinging a wrench as an auto mechanic forever. I also have a bachelors degree in education, but lets not get into that. I think everyone should be provided a liveable wage and are entitled to a life well lived.
I'm also an anarchist - and that point bears special repeating. I do not feel that governments in any sense have anything to do with human experience. Corporations (while occasionally greedy, exploitative and coercive as well) at least provide individuals with willful engagement. I'm not entitled, required, forced to purchase goods and services from any number of retailers. I do so with my own money, and when I feel it necessary.
Is there some work to be done? Of course. Is it the governments job? I maintain that it is not.
I think everyone should be provided a liveable wage and are entitled to a life well lived.
Entitled isn't the word I would go with. Something like "Provided the opportunity for" sounds better to me. Entitling people to money and a happy life is .horsepoo.