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Current Events & Hot Topics Current Events & Hot Topics

President Obama Throws Support Behind $10.10 Minimum Wage

Posted by on Nov. 9, 2013 at 4:29 PM
  • 26 Replies


President Obama Throws Support Behind $10.10 Minimum Wage

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In President Obama’s most recent State of the Union Address, he called for an increase of the federal minimum wage from $7.25 to $9 per hour. However, now, according The Huffington Post, “President Barack Obama is throwing his support behind congressional Democrats’ proposal to raise them minimum wage to $10.10 and peg it to inflation….”

After deep cuts to federal welfare programs, many Democrats believe that raising the minimum wage is a better way to address that issue than restoring benefits. Also, included in the plan is an effort to raise the minimum wage for tipped workers, which can be as low as $2.13 per hour.

Critics of the move, suggest that raising the minimum wage would put undue strain on businesses that have suffered as the economy struggles towards recovery. Some, such as James Sherk writing for The National Review, compares raising the minimum wage to an attempt in American Samoa in 2007 in which “unemployment septupled from 5 percent to 36 percent.” Shrek also says, “businesses will not pay workers more than the value they create – at least not if they want to remain in business.” Instead, the thinking is to leave it alone and let the free market solve the problem.

However, Sherk’s analogy isn’t the strongest, considering American Samoa’s GDP is about 140 times smaller than the GDP of Rhode Island. Also, decrying an increase in minimum wage and the current state of federal income assistance is seen as trying to have someone else’s cake and eat it too. Since a significant percentage of those who receive state and federal assistance are in fact employed, it can be argued that it amounts to an indirect subsidizing of their workforce. Proponents of an increased wage say that no one should work full time only to still live in poverty. 

by on Nov. 9, 2013 at 4:29 PM
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Replies (1-10):
kailu1835
by Ruby Member on Nov. 9, 2013 at 4:55 PM
5 moms liked this
Considering he hasn't the faintest clue about finances, this doesn't surprise me at all. Be prepared for a screeching economical halt if he pushes this through.
Kazoo22
by Bronze Member on Nov. 9, 2013 at 5:10 PM

He's trying to appease people because of the poop storm he's in now that his promises on the health care reform are falling flat. I doubt he will even push for this. 

motha2daDuchess
by Bruja on Nov. 9, 2013 at 6:18 PM
8 moms liked this

Fuck people!!! Die from starvation, lose your home because people are lucky they have jobs!!! Only the "job creators" deserve to make money!!! Don't like being poor get a better job! Can't afford school?!? Fuck you, you should have done better in high school and had rich parents!!!







Sorry, was channeling someone...

sweet-a-kins
by Emerald Member on Nov. 9, 2013 at 6:22 PM
2 moms liked this
Should be more than that
Posted on CafeMom Mobile
purpleducky
by Silver Member on Nov. 9, 2013 at 6:43 PM
1 mom liked this

Was it my mother or grandfather? lol

Quoting motha2daDuchess:

Fuck people!!! Die from starvation, lose your home because people are lucky they have jobs!!! Only the "job creators" deserve to make money!!! Don't like being poor get a better job! Can't afford school?!? Fuck you, you should have done better in high school and had rich parents!!!







Sorry, was channeling someone...


lulumomof2
by Member on Nov. 9, 2013 at 7:01 PM

California, and Massachusetts min wage is $8.00, Connecticut and Illinois  $8.25 and Oregon is like $8.95 Washington (state) min wage is $9.19.  

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Here is the thing no one can REALLY live on a min wage job!!  The problem is that if they raise the min wage everything will go up, as corporations don't want to make any less money, so if they have to pay more then they will charge more.

Luvnlogic
by Silver Member on Nov. 9, 2013 at 7:26 PM
And that's the sad truth right there...also quite short-sighted on the part of businesses considering the govt can't keep subsidizing corporations wage deficits through public assistance much longer. If the people who are buying their products can no longer afford them, bye bye company. Greed is so ugly...

Quoting lulumomof2:California, and Massachusetts min wage is $8.00, Connecticut and Illinois  $8.25 and Oregon is like $8.95 Washington (state) min wage is $9.19.  
.
Here is the thing no one can REALLY live on a min wage job!!  The problem is that if they raise the min wage everything will go up, as corporations don't want to make any less money, so if they have to pay more then they will charge more.
Friday
by HRH of MJ on Nov. 9, 2013 at 7:29 PM
2 moms liked this

Unfortunately, I don't think this will help the poor. Employers will just raise prices to ensure they keep their profits. The problem is the disparity between regular employee wages and executive income. It's wrong for execs to take huge wages and bonuses while keeping regular employees at the bottom of the rung. I don't know how to change this and don't support the govt regulating it into existence. If the head of Costco can get by on 1/2 a million annually so that regular employees can get decent wages and benefits, then I don't see why other companies can't...besides greed that is.

 


Thank God......it's Friday!!!

RandRMomma
by Maya on Nov. 9, 2013 at 7:35 PM
Raising the minimum wage won't really help anything. The only that will cause is the cost of living to go up. I understand why he supports it--people are struggling, and general speaking, minimum wage isn't enough to pay your bills. However, what happens is that corporations increase the cost of their products which causes the cost off living to go up. So, unfortunately, no matter how much minimum wage someone gets paid, they will still (technically) be considered poor.

With that said, it's ridiculous that people in this country are so damn greedy. Costco is an extremely successful organization, and the CEO lives by half a million a year. That's more than reasonable for the profits his company gains every yea.
tanyainmizzou
by on Nov. 9, 2013 at 7:37 PM
1 mom liked this

Of course you can live off half a million as a CEO when you also received almost 13 million in stock options.  

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