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There are people in Africa that live off cow urine and crickets and would give anything to work 60-80 hours per week for minimum wage.
Where does your argument end? Like I said before, should everybody be entitled to drive a lomborghini? You can't just decide "people are entitled to a certain standard of living", which is what all of your arguments have been for raising minimum wage.
So why is $10.10 such a great number but $11.10 isn't? There is no basis for $10.10 per hour just like there is no basis for $1,000 per hour is my point. Both of them are just numbers thrown out there with no statistical or mathematic reasoning.
And does anybody else find it funny that he hung all you private sector workers out to dry while saying basically government workers can't live on less than $10.10! LMAO at all you McDonald's workers that voted for him and he just spit in your face.
Notice how they picked the absolute high in the late 1960's and adjusted from there. It is therefore an arbitrary number, as it would be different depending on the date they chose to start from. Pick a date in the 1950's or 1970's and you would come up with a different minimum wage using the same formula. There are literally thousands of potential outcomes.
Next.
They are people just like you and deserve to have the same standard of living, correct? That's your whole argument, that everyone is entitled to a minimum standard of living, isn't it?
And legally obligated to pay their rent, you are legally obligated to pay for anything you sign a contract for stating you will pay $xxxx per month. Nobody forces you to rent anything, you make that decision all by yourself. If you can't afford to pay the rent, don't sign a contract stating you will pay said rent. Pretty simple.
Why? Because they have so little bargaining power. Leave or lose your job, and the chances of getting another comparable job, or any job at all, are definitely not good. And workers know it: quit rates, the percentage of workers voluntarily leaving jobs, remain far below pre-crisis levels, and very very far below what they were in the true boom economy of the late 90s:
Now, you may believe that employment is a market relationship like any other — there’s a buyer and a seller, and it’s just a matter of mutual consent. You may also believe in Santa Claus. The truth is that employment is, in many though not all cases, a power relationship. In good economic times, or where workers’ position is protected by legal restraints and/or strong unions, that relationship may be relatively symmetric. In times like these, it’s hugely asymmetric: employers and employees alike know that workers are easy to replace, lost jobs very hard to replace.
And may I suggest that employers, although they’ll never say so in public, like this situation? That is, there’s a significant upside to them from the still-weak economy. I don’t think I’d go so far as to say that there’s a deliberate effort to keep the economy weak; but corporate America certainly isn’t feeling much pain, and the plight of workers is actually a plus from their point of view."
http://mobile.nytimes.com/blogs/krugman/2013/12/24/the-plight-of-the-employed/?smid=tw-NytimesKrugman&seid=auto&_r=0
Actually I am the exact opposite, as you can tell from actually reading my posts. I think minimum wage should be abolished. It is a price control and distorts free markets, and that is a fact.
As I have stated above, raising the minimum wage is not good for our country, and will only benefit countries like China from all the new manufacturing jobs that are moved there. Some Americans will get a pay raise, others will lose their job.
But what I am focusing on is how they use things like minimum wage to control your currency, that is the negative outcome that affects everyone holding any US dollars, affecting every American, not just minimum wage workers.. This is highly inflationary to the US dollar, which means all your savings accounts are losing purchasing power. All while you are earning 0% interest on your money in the bank. They are slowly robbing you and you don't even realize it, and actually vote for it and support it and Obama is called a humanitarian for raising the minimum wage. And it is not Democrat vs. Republican, Bush raised the minimum wage too.
If we are a capitalistic society, then let's have actual free markets. Minimum wage is not capitalism, bailing out companies is not capitalism. We are drifting from the foundations that made this country great, capitalism being one of them.
