Just a quick one as I on my way to work. Saw in the paper yesterday that someone had the audacity to think of raising the State minimum wage wage from $8.00 per hour to $8.14 and make it rise with inflation. Of course, the response to this was JOB KILLER!!!!!!! My gosh, if a lower paid worker gets $0.14/hour, then those higher up will demand it too. Huh? The example given was wait staff and cooks. Why, according to the critic, with minimum wage and tips, waiter staff make over $30/hour. That extra $300 annually (2080 work hours annually times $0.14/hour), will break every struggling small business. What a crock of crap!!! No benefits, no sick days and no vacations for service industry as a general rule (I am sure wait staff are all in hedge funds). And if paying your employees the extra $300 annually kills your business, your business plan sucks. Its okay for gas to go from $2.50/gallon to over $4.00/gallon and not raise employee wages.
The argument really needs to be a LIVING WAGE, not what is a minimum
wage. A living wage with benefits. Have people forgotten what it is like
to work for less than $10/hour and try to hold your life and soul
together. In the book "Nickel and Dimed", the author could not even
complete that task. What ever happened to compassion in this country?
Sorry to break this to you Randians, greed is not good. and profits are
necessary, we know that. But how often does business school ask how much
needs to be made and how much goes to the common good?