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Originally Posted by Russ_Boston
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Yea, I was wondering about that as well. Where is it that you can pay less than minimum wage if you hire for less than 40 hours?
As far as raising the minimum wage to $15.00, why not raise it to $50.00?
The problem with both of those scenarios of course is that the cost of every thing would rise tremendously. Another thing that many people that advocate this kind of thing don't realize is that raising the minimum wage would raise all wages. If MacDonalds begins paying their counter people $15.00, how much would they pay their shift managers that are now making $12.00 who oversee those $15.00 an hour employees? Certainly their salaries would have to be over $15.00 per hour. Based on the current ratio, they would need to be paid about $20.00. The the store manager who is making $18.00 per hour would need to be paid $26.00 per hour.
In another scenario, an employee that has been with a company for over a year and has been give a COLA and a merit increase from $7.79 per hour and is now making $9.00 per hour should not be making the same $15.00 per hour as the new employee hired yesterday.
Raising the minimum wage would have a huge detrimental effect on the cost of living so that the person now getting paid $7.79 per hour would have less buying power than that same person making $15.00.
Raising the minimum wage would hurt everyone and probably hurt the poorest among us the most. But, it would garner a lot of votes for politicians who vote for it.
On the other hand, eliminating the minimum wage and allowing people to take jobs for whatever they and an employer decide is fair would put more people, especially young people working part time summer jobs etc to work.