Comments on: The minimum wage is now $5.85/hr, but what’s the point? http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Mike http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-186735 Mike Fri, 07 Aug 2009 03:24:25 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-186735 I remember when this went into effect. Wow, I thought I was making some good money.. I remember when this went into effect. Wow, I thought I was making some good money..

]]> By: Anon http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-79555 Anon Wed, 01 Aug 2007 03:38:50 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-79555 If we are going to have a minimum wage, it should naturally grow with inflation. Neither party wants to do that though. Conservatives because they don't like the idea anyway, liberals because it makes a good campaigning tool. Am i cynical? haha Your question of whether or not we need a minimum wage is what really needs to be considered, but it is pointless to have one that doesn't hold its value over the years If we are going to have a minimum wage, it should naturally grow with inflation.

Neither party wants to do that though. Conservatives because they don’t like the idea anyway, liberals because it makes a good campaigning tool. Am i cynical? haha

Your question of whether or not we need a minimum wage is what really needs to be considered, but it is pointless to have one that doesn’t hold its value over the years

]]> By: Tyler http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-78854 Tyler Sat, 28 Jul 2007 23:31:25 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-78854 This is so ridiculous. This will just increase unemployment and put more people on welfare. Yay! More people get to spend all day doing nothing. I sure love paying my taxes. This is so ridiculous. This will just increase unemployment and put more people on welfare. Yay! More people get to spend all day doing nothing. I sure love paying my taxes.

]]> By: Lord http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-78803 Lord Sat, 28 Jul 2007 18:09:07 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-78803 Too many wish to turn the country into a third world nation and are utterly disappointed when the rest of its citizens choose not to. 'They are fighting a losing battle, they refuse to accept reality, they being irrational, they are rejecting economics'. However much I encourage them to move to one, they insist on staying. I wonder why. Too many wish to turn the country into a third world nation and are utterly disappointed when the rest of its citizens choose not to. ‘They are fighting a losing battle, they refuse to accept reality, they being irrational, they are rejecting economics’. However much I encourage them to move to one, they insist on staying. I wonder why.

]]> By: Patrick http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-78738 Patrick Sat, 28 Jul 2007 11:14:21 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-78738 To Minimum Wage, I agree with your points about zoning and housing regulations, but I do not agree with this statement: "A person should be able legally to work for, say, $1 per hour, but it should also be legal for a housing provider (landlord, developer) to profitably provide housing at a price point affordable to the person earning $1 per hour." Allowing someone to work for $1 an hour plus housing creates an environment of indentured servitude. Those workers would effectively be stuck working their current job in order to afford their housing, but would have no money left over for anything else, and quite possibly no chance of ever being able to afford to leave. There would be no incentive for their employer to offer them promotions or even lateral work transfers - thus they would have little to no chance of ever improving their station in life, even if they wanted to. These type of arrangements have happened many times throughout the US in towns where coal mining and factories were the only place of employment. I think it would hinder more than it would help. To Minimum Wage, I agree with your points about zoning and housing regulations, but I do not agree with this statement:

“A person should be able legally to work for, say, $1 per hour, but it should also be legal for a housing provider (landlord, developer) to profitably provide housing at a price point affordable to the person earning $1 per hour.”

Allowing someone to work for $1 an hour plus housing creates an environment of indentured servitude. Those workers would effectively be stuck working their current job in order to afford their housing, but would have no money left over for anything else, and quite possibly no chance of ever being able to afford to leave. There would be no incentive for their employer to offer them promotions or even lateral work transfers – thus they would have little to no chance of ever improving their station in life, even if they wanted to.

These type of arrangements have happened many times throughout the US in towns where coal mining and factories were the only place of employment. I think it would hinder more than it would help.

]]> By: dan http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-78697 dan Sat, 28 Jul 2007 06:51:41 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-78697 The minimum wage is the wrong way to create the goal its supporters envision, but they are right that the minimum wage, at its current level, does not provide dignity to those that earn it. I don't think any minimum wage law can do that, but, at the same time, we shouldn't create an environment that fosters lower wages, but rather one where the economy supports higher wages for all of its workers. The minimum wage is the wrong way to create the goal its supporters envision, but they are right that the minimum wage, at its current level, does not provide dignity to those that earn it. I don’t think any minimum wage law can do that, but, at the same time, we shouldn’t create an environment that fosters lower wages, but rather one where the economy supports higher wages for all of its workers.

]]> By: Minimum Wage http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/comment-page-1/#comment-78687 Minimum Wage Sat, 28 Jul 2007 06:19:36 +0000 http://www.mightybargainhunter.com/2007/07/27/the-minimum-wage-is-now-585hr-but-whats-the-point/#comment-78687 (Note: I live in a state with a higher minimum wage, so my wage is not affected by this.) I see the problem as one of excessive regulation which increases the cost of living which the working poor must bear, whether they want to or not. For example, zoning and housing regulations impose middle class standards on everyone, including the working poor, even if they can't afford it. If it were up to me, I'd downgrade my housing to a minimal level, but that's not a legal option. A person should be able legally to work for, say, $1 per hour, but it should also be legal for a housing provider (landlord, developer) to profitably provide housing at a price point affordable to the person earning $1 per hour. (Note: I live in a state with a higher minimum wage, so my wage is not affected by this.)

I see the problem as one of excessive regulation which increases the cost of living which the working poor must bear, whether they want to or not.

For example, zoning and housing regulations impose middle class standards on everyone, including the working poor, even if they can’t afford it. If it were up to me, I’d downgrade my housing to a minimal level, but that’s not a legal option.

A person should be able legally to work for, say, $1 per hour, but it should also be legal for a housing provider (landlord, developer) to profitably provide housing at a price point affordable to the person earning $1 per hour.

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