ray
I don't think that raising the minimum wage has JUST the effect of helping low income people.ANd thats why your complaint that some of the people working at Walmart aren't in net low income families is besides the point,
The point in the article I originally posted, and which I am making is that raising the minimum wage would raise all boats. The higher incomes would contribute to a better consumer economy. The economy that drives the US...
And the higher mw would allow the elimination or at least reduction of a lot of government programs targeted at helping families and individuals who can't support themselves without help. I don't like government interventions to help able bodied people doing a full time job. Ideologicaly i don't see why a business should be able to draw from a labour pool that they know is going to require government help even after working full time for the company...
And I don't see why the aim of reducing government size shouldn't focus on the simplest easiest way to ensure that these people won't require help outside their working income.
What is lost by people who fight against raising the minimum wage is that it actualy helps most people. It forces up wages for everyone. One of the problems with periods of high unemployment is that wages stagnate. The reason for the shrinking middle class is partly that, even though productivity has increased greatly, pay has not kept pace. Labour is being devalued. For everyone.
And as everyone's labour value, except for CEO's has tended to shrink the pressure on the consumer market increases.
Its a self perpetuating cycle. Unless the value of labour is increased in some way, the average standard of living will continue to slide. Goodbye to a middle class economy and hello to a walmart economy. A higher minimum wage sets a higher floor from which everyone then benefits.
Except I guess for CEOs and the top 1%.
But when the Walton family has as much money as it does.....i don't know why anyone should be concerned. They'll get by.
. My comment was to disagree with your notion that raising the minimum wage is an efficient way to target money to poor families because many low income workers happen to be in non-low income families. I was saying there is a difference between those 2 things. You said there was no difference between a low income worker and a low income family.
I don't think that raising the minimum wage has JUST the effect of helping low income people.ANd thats why your complaint that some of the people working at Walmart aren't in net low income families is besides the point,
The point in the article I originally posted, and which I am making is that raising the minimum wage would raise all boats. The higher incomes would contribute to a better consumer economy. The economy that drives the US...
And the higher mw would allow the elimination or at least reduction of a lot of government programs targeted at helping families and individuals who can't support themselves without help. I don't like government interventions to help able bodied people doing a full time job. Ideologicaly i don't see why a business should be able to draw from a labour pool that they know is going to require government help even after working full time for the company...
And I don't see why the aim of reducing government size shouldn't focus on the simplest easiest way to ensure that these people won't require help outside their working income.
What is lost by people who fight against raising the minimum wage is that it actualy helps most people. It forces up wages for everyone. One of the problems with periods of high unemployment is that wages stagnate. The reason for the shrinking middle class is partly that, even though productivity has increased greatly, pay has not kept pace. Labour is being devalued. For everyone.
And as everyone's labour value, except for CEO's has tended to shrink the pressure on the consumer market increases.
Its a self perpetuating cycle. Unless the value of labour is increased in some way, the average standard of living will continue to slide. Goodbye to a middle class economy and hello to a walmart economy. A higher minimum wage sets a higher floor from which everyone then benefits.
Except I guess for CEOs and the top 1%.
But when the Walton family has as much money as it does.....i don't know why anyone should be concerned. They'll get by.