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The Water Cooler
General Discussion
is a 9.00 dollar minimum wage the answer?
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<blockquote data-quote="cmhbob" data-source="post: 2104992" data-attributes="member: 20220"><p>I'll point out that the federal minimum wage hasn't really increased much over the last 30 years. It was $3.35/hr when I started working in 83, I think. That translates to $7.88 in <a href="http://www.dollartimes.com/calculators/inflation.htm" target="_blank">2013 dollars</a>.</p><p></p><p>And remember that business owners are in business....to make money. Lots of people forget that. Any publicly traded company has to answer to investors, and so do many privately-held companies. It's not greedy of them to reduce labor expenses. I'll happily grant that illegal labor is not allowing the labor free market to work properly, but that's another issue.</p></blockquote><p></p>
[QUOTE="cmhbob, post: 2104992, member: 20220"] I'll point out that the federal minimum wage hasn't really increased much over the last 30 years. It was $3.35/hr when I started working in 83, I think. That translates to $7.88 in [URL="http://www.dollartimes.com/calculators/inflation.htm"]2013 dollars[/URL]. And remember that business owners are in business....to make money. Lots of people forget that. Any publicly traded company has to answer to investors, and so do many privately-held companies. It's not greedy of them to reduce labor expenses. I'll happily grant that illegal labor is not allowing the labor free market to work properly, but that's another issue. [/QUOTE]
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