This & That

A little bit of this & that

Friday, February 22, 2013

 

The $9.00 minimum wage

http://www.labor.ny.gov/stats/minimum_wage.asp
excerpt:
New York State's Minimum Wage is $7.25 Prior to 1962, state minimum wage rates varied from industry to industry.
October 15, 1962  Increased from $1.00 to $1.15
__________
cost of living calculator
https://www.aier.org/article/48-cost-living-calculator

Minimum wage NY 1962____1.15__ "I input in calculator"
cost of living increase to 2013__$8.74
_______________________________________
Not to far off from $9.00 proposed by the president.
Something is not right for the minimum wage worker @ $7.25 an hour.

I will go with Pres Obama's plan on this one.

Reasonable calculations with cost of living increase.


Comments:
You take the $9.00 minimum wage and if an emplyee works a full year would come to $18,000.00.
I do not know the calculations for income for financial assistance but the increase in income could possibly disqualifysome of the financial aid.
That would cost the federal government less money to output in benefits.
It puts the cost of that financial aid back onto employers where it belongs because of paying lower wages to begin with.
You think about low wages employers pay and the financial aid the government pays out to ;ow income earners the federal government is subsidizing these employers to pay minimum wage.
Put the burden of wages back onto employers and consumers of low wage products.
At least with a consumer paying a higher price for a low wage service or product they get something for their money.
If the government is responsible and lowers the cost of federal expenses accordingly meaning less taxation the taxpayers would benefit on that end too.
It would end up with a balance out deal if all things worked out.
I do not mind paying a higher price for low end price products if the government reduces costs.
At least I have a choice on wether to buy a low end service or product depending on my budget.
With taxation you do not have a fukin choice.
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