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Showing posts with label #minimumwage. Show all posts
Showing posts with label #minimumwage. Show all posts

May 2, 2014

The Minimum Wage Debate

We all need to make a living that earns a decent wage to provide for our family or ourself to survive. Every time there is a proposal to raise the minimum wage we see support and opposition. Both sides have supporting arguments.   

Minimum wage should be viewed as an interim wage until you find a better job not a long term living. In a perfect world that would be fine. The sad fact is that we do not live in a perfect world. 

The short term gains in minimum wage increases will be lost in job cuts and higher cost of living due to businesses passing on the increased minimum wage cost to the consumers.

It all goes back to eduction. You need more than a High Schools education and some do not even graduate from High School. Lack of education a recipe for failure and a hard minimum wage life ahead of you.

Chasing minimum wage increases is not the solution because it's a moving target. Yes, we do need to periodically review minimum wage and increases it prudently.

Minimum wage and the homeless are issues with no easy answers. We elect useless politicians that only care about themselves instead of look at issues that face our society. 

To give some perspective on what people have to do to survive in other countries. I know people that have to leave their country and send money home because the pay in their country is not enough to support their family. These are people with a college education and have to work in countries that pay better with lame labor laws that borders slavery. I have so much respect for these people who make huge sacrifices for the well being of their family. The next time you you think you have it hard. Think about what if you had to go overseas to work in a country with lame slave labor laws that take advantage of you.

December 30, 2013

The Minimum Wage Debate

Effective January 01.01.2014 Washington State will have the highest hourly minimum wage of $9.32.

Minimum wage is a debate with no winners. The intent of minimum wage is perceived as a bridge to get you to your higher paying job and not to make a permanent living out of it. Well in a perfect world minimum wage would be temporary, but sadly it's not.

Rising minimum wage payrolls will be passed on to consumers so we all lose on that aspect. The danger in rising minimum wages is small businesses could downsize to survive and layoff workers. Full time workers might be reduced to part time. Some business will just fold up.

I support minimum wage reviews to raise minimum wages to keep up with inflation within reason. Proceed with caution because short time gains could have some consequences down the road.