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Minimum wage [Aug. 26th, 2006|01:27 am]

I was telling Erika that minimum wage should be increased to $10, and to my surprise, she disagreed (and in a rather frustrating manner too). She was saying how it's bad for companies and would cause prices to go up, but I'm not sure I agree with her on that. She continued by saying at least what we get is *something*, but that rubbed me the wrong way. Sure, it may indeed be something, but in these days it's not *enough*. I'm only factoring in basic needs in my assessment that minimum wage should be $10: transportation, food, toiletries, a place to live, et cetera.

With estimating 40 hours a week at $10/hr, after taxes it would be approximately $18-19k a year. I think that's enough to cover -basic- living expenses, nothing (if much) extra.

Somehow, I'm increasingly beginning to wonder if people no longer share opinions similar to mine. I obviously know people won't always share them, but it sort of seemed that Erika wasn't even respecting the opinion I shared. Who knows.

[User Picture]From: aerialmelodies
2006-08-26 01:55 pm (UTC)
Ha, I agree to an extent. I see people's points when they say "no one could afford that!" but then the argument starts to become "find a better job then!" That's just absurd. I've read so many articles that address the issue as having a lot of need because it's a little sad now when being in the middle class actually means you're poor. It's ridiculous, really. Yet apparently if we don't like we're supposed to just switch jobs? How about making things just a little bit more LIVABLE to start with...?
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[User Picture]From: xochitl
2006-08-26 06:20 pm (UTC)
The theory is that the constant raising of the minimum wage in turn raises prices on goods/services and increases the cost of living. If there was no minimum wage, it would cost less to survive and it wouldn't be as much of a problem. But, this is all theory and can't entirely be proven.
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[User Picture]From: nebulosity
2006-08-26 10:20 pm (UTC)
If you take an economics class, they teach you that raising minimum wage can have negative effects on the economy despite the fact that raising it would help people live better quality lives (because it would help them cover basic living expenses). Sarah explained it well in her comment

I sure wished that minimum wage was $10, because Wil and I would be better off too. :(

You could always consider working at Home Depot. Starting pay, even for a cashier is $10/hour. As long as you don't mind corporate America, it works. :)
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[User Picture]From: shinwachou
2006-08-27 04:57 am (UTC)
I considered taking Macroeconomics as an elective class in college, but I feel i'd get a bit snappy at times if I did. LOL

I just think it's ridiculous that we have to work so hard to survive. Don't get me wrong, I think people should have to put in their fair share to society, but not to the point of working their life away... if you know what I mean. @_@

I'm not sure if Home Depot has that starting pay at all their stores. Couldn't hurt to look into it I guess, especially if this AAA prospect doesn't turn out.
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