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01-01-2001 12:00 AM
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newmark


- Joined on 11-23-2008
- Posts 4
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When I heard that one of the strategies for the Democrats in '06 was to put minimum wage on state ballots, in order to help drive their base to the ballot box, I honestly thought that it must have been a joke, or an idea that was being kicked around and not seriously being considered.
It saddens me that a major political party resorts to what is essentially buying votes from the (generally) under- or un-educated. I wish our state was better than that.
I could launch into a discussion about how the minimum wage actually hurts employment, in the long run, but, we'll skip that for now.
Instead, I suggest to lawmakers that if they want to help Kentuckians make more money, long term, that they work to reform Kentucky's educational system. Make Kentucky's educational system one the rest of the nation envies. Give our children the competitive edge to be the best and brightest in our nation and world-wide, so we don't have to worry about a "minimum wage".
I'll also hold off on my particular ideas for how to resolve many issues with education, as that is not the point of this legislation.
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newmark


- Joined on 11-23-2008
- Posts 4
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Increasing minimum wage hurts workers
The goal of each American having a "livable wage" is a noble cause, however, raising the minimum wage will not accomplish this goal.
Raising the minimum wage hurts lower income workers in several ways.
(1) Raising the minimum wage increases the cost of all goods produced with minimum wage labor. Therefore, increasing minimum wage does not automatically increase wealth. Do you want to pay $1.50 for a White Castle burger?
(2) Minimum wage increases hurt small businesses more than large businesses, and decreases their ability to hire additional workers. This is often off-set by medium-sized businesses by hiring illegal immigrants and other undocumented workers, who are paid under the table; which in turn increases the percentage of the tax burden on every legal worker.
(3) Setting the base at $12/hr means that everyone who has worked to get raises above minimum wage will effectively have those gains wiped out, and reset back to the minimum.
I know that when I was first in the workforce, the minimum wage was $4.25. I worked hard and recieved wage increases in return. My pay was increased to $5.25 per hour. Then, minimum wage was increased to $5.15 per hour. Essentially, I lost $0.90 of the $1.00 per hour economic advantage I had gained through hard work.
Minimum wage is designed to prevent outright exploitation and virtual slavery for those entering the workforce.
The key to breaking free of the chains of minimum wage is a combination of education and hard work.
Most entry level jobs in the state of Kentucky already pay more than the minimum wage anyway. If you increase the minimum wage nationwide, you would take away the apparent economic advantage that entry-level workers already have today within the state of Kentucky.
From the KY Enquirer, dated July 27th, 2006: http://tinyurl.com/ehdpo
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"The fast-food industry, once the bastion of minimum wage workers, now pays in excess of the minimum wage"
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Steve Stevens, president of the Northern Kentucky Chamber of Commerce, said the average entry-level job in the eight-county Northern Kentucky region pays $7.94 an hour. The statewide average is $6.94, Stevens said.
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Anonymous Citizen


- Joined on 11-23-2008
- Posts 0
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A "White Castle" burger will not cost $1.50. If you follow the simple rules of supply and demand, you will find that the cost of any item is determined by what people are willing to pay for said item.
Example: I am willing to pay $1 for a McDonalds double cheeseburger, but I am not willing to do so for $2.
Thus McDonalds, in wanting to sell burgers, will set the price for the maximum amount that individuals are willing to purchase the burger. Wages paid to employees do not set the price, the public consumer sets the price. If the price is too high, it won't sell. Period. If the price is too low, then the company is shorting itself profits.
Raising the minimum wage will do two things: Help people get closer to a sustainable way of living & cut into the profits of the mega-corporations. These small, mom and pop places may feel a sting, however, they need a viable business plan in the first place to create a business. Not paying employees a fair wage is certainly not a viable way of doing business.
Brett
assumed.identity@gmail.com
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