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Raising the minimum wage

Posted by on Feb. 13, 2014 at 9:54 PM
  • 30 Replies

Raising the minimum wage would be a great idea. If companies and retailers weren't allowed to raise their prices for goods and services at the same time. 

If the minimum wage is raised then places of business will have to pay all of their employees more. They won't allow their profits to decrease so this means they will raise the prices on goods. 

No they don't have to but they will. Can you really see places like Wal-Mart (or other large department stores), McDonalds (or other restaurant chains) and Citgo (or other gas stations) letting their profits decrease because they have to pay employees more? It won't happen. 

And while this will slightly help people who currently make minimum wage, it will seriously hurt those who are salaried and/or making slightly above minimum wage. 

So basically it will cause even more people to spiral closer to the poverty line, causing more families/people to need public assistance. 

What we need is for there to be stronger/stricter regulations on retailers raising their prices. 

For example, a store that made 14 billion in annual profits last year shouldn't be allowed to raise prices just because they are concerned they'll only make 13 billion this year because they had to raise salaries. 

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by on Feb. 13, 2014 at 9:54 PM
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Replies (1-10):
cymkare
by Gold Member on Feb. 13, 2014 at 10:00 PM

Bump

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Anonymous
by Anonymous 1 on Feb. 13, 2014 at 10:01 PM
1 mom liked this

Yes because keeping the minimum wage at the same spot for years has kept prices from rising for all these years. eye rolling


Minimum wage needs to be raised because the cost of living has gone up drasticaly in the past few decades without the minimum wage keeping up.

Anonymous
by Anonymous 2 on Feb. 13, 2014 at 10:03 PM
If minimum is raised then so should all other pay. Raise it up the same percentage that minimum would go up.
MMIC
by Gold Member on Feb. 13, 2014 at 10:03 PM
1 mom liked this

BUMP!

cymkare
by Gold Member on Feb. 13, 2014 at 10:05 PM

That's very true but it won't stop prices from going up again. There needs to be some kind of restriction on what retailers can do. 

Quoting Anonymous:

Yes because keeping the minimum wage at the same spot for years has kept prices from rising for all these years. eye rolling


Minimum wage needs to be raised because the cost of living has gone up drasticaly in the past few decades without the minimum wage keeping up.


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cymkare
by Gold Member on Feb. 13, 2014 at 10:05 PM

I totally agree with this but it won't happen. 

Quoting Anonymous: If minimum is raised then so should all other pay. Raise it up the same percentage that minimum would go up.


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Anonymous
by Anonymous 1 on Feb. 13, 2014 at 10:06 PM

There needs to be restrictions on how much people can make honestly. We need to be like Japan where the CEO of a company can only make so many times what the lowest paid employee makes.

Quoting cymkare:

That's very true but it won't stop prices from going up again. There needs to be some kind of restriction on what retailers can do. 

Quoting Anonymous:

Yes because keeping the minimum wage at the same spot for years has kept prices from rising for all these years. eye rolling


Minimum wage needs to be raised because the cost of living has gone up drasticaly in the past few decades without the minimum wage keeping up.


    

cymkare
by Gold Member on Feb. 13, 2014 at 10:06 PM
1 mom liked this

Thanks! I think that's the first time someone has bumped one of my posts. :-)

Quoting MMIC:

BUMP!


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cymkare
by Gold Member on Feb. 13, 2014 at 10:07 PM

That's a good idea. I've never heard of that before. 

Quoting Anonymous:

There needs to be restrictions on how much people can make honestly. We need to be like Japan where the CEO of a company can only make so many times what the lowest paid employee makes.

Quoting cymkare:

That's very true but it won't stop prices from going up again. There needs to be some kind of restriction on what retailers can do. 

Quoting Anonymous:

Yes because keeping the minimum wage at the same spot for years has kept prices from rising for all these years. eye rolling


Minimum wage needs to be raised because the cost of living has gone up drasticaly in the past few decades without the minimum wage keeping up.


    


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KiKi-Love
by Gold Member on Feb. 13, 2014 at 10:08 PM

yupp

Quoting Anonymous:

Yes because keeping the minimum wage at the same spot for years has kept prices from rising for all these years. eye rolling


Minimum wage needs to be raised because the cost of living has gone up drasticaly in the past few decades without the minimum wage keeping up.


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