Quote:
Originally Posted by Dr Winston O Boogie jr
I taught a college course for fifteen years. It is my opinion that at least half of my students should never have been accepted to college. Today's collages are all about making money and have instituted a campaign to convince all parents that all kids need to go to college. That is why so many of them are living at home with their parents. Many also have chosen to major in subjects where jobs are few and don't pay very much.
Many of those kids would have been better off going to a trade school or serving and apprenticeship.
Raising the minimum wage really only benefits the government. It will first of all increase prices on everything. If you're making minimum wage and get a 5% increase, prices will go up accordingly. And of course, you won't get that 5% because the government takes its share. But you will have to pay the full increase in the price of everything.
In addition, increasing the minimum wage will create higher unemployment as many companies, especially small businesses will not be able to hire as many people. As they raise prices they will not sell as much product or services because fewer people will be able to afford them. Also, the taxes that they pay on payroll and profit will go up.
Minimum wage is an idea to fool voters into voting for politicians. It doesn't help anyone.
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I agree. But, I would just point out that, as a Federal Government employee, I worked with many people who also should have never been accepted into college. But, they got a college degree and a Government job. They were set for life, had job security, health benefits, retirement, and made way more money, with less effort, than they ever would have made by going to a trade school. It may not be right, but the Government is getting bigger and bigger all the time. A college degree and a Government job can be a passport to financial security.