Reading about the demand for $15 minimum wage. Wondering if they shouldn't do $15 for age 18 and up and $10 - 12 for under 18, and for training situations in starter type jobs.Since I posed the question, I have only received one reply (4 by the time I was done typing this). But I can see the direction it is going. People think raising the minimum wage will raise prices, and so that won't change anything. At face value, I can see that happening... it is simple math after all, but any company who just raises prices to raise wages, is perhaps being too simplistic about it.
Of course then they would also have to legislate percentages like 25-40% under age so they wouldn't just fire all the adults and hire kids.
Would that settle the argument of inexperienced kids? And also encourage jobs for teens again, which have been hard to come by?
Just this week, a Seattle Business workers raised all of his workers wages to a minimum of $70,000 a year. That is the equivalent of over $30 an hour, if they work 40 hours a year... they will all surely work more... just because. To make this work, he did not raise prices. He did not cut benefits. He dropped his own salary from a million a year to $70,000. Now, I am gathering that he has some serious money in the back... because that's just nuts. I would however, consider cutting my million dollar salary to a half million, because, there's just only so much stuff I can buy in a year. I can't wait to see how this experiment plays out. I gather he will get bonus and profit share, but it is a smart move because my guess is that he will end up richer, and his company will do very well because he invested in his workers first.
What would happen if the Walton Family for instance took a billion or so out of the bank and split that among their workers? That have at least 144 Billion, after all. How many billions would it take to give everyone a $5.00 and hour increase? I doubt it would slow down their personal shopping habits at all. And if they were to just roll the cost over to the shoppers, here's an article that says it would cost shoppers 46 cents per trip to set their minimum wage at $12.00.
But this is not the direction I intended to go.
My concern is that I have two young adult children, who have yet to have a part time job. The problem is not that they are lazy. They have worked 20 hour days for the County Elections, and they have managed to make some money through entrepreneurship. The problem is timing. During the time when most people get their first jobs, age 15-16, we were in the midst of a serious recession. All the fast food and retail jobs in my area were taken by adults desperate for whatever wage they could get. So why would an employer hire and train a kid, when an adult who NEEDED the job could hit the ground working?
That is my biggest concern in raising the minimum wage. Is someone going to hire someone who has never, ever worked for $15 an hour when they could hire someone with experience? This is where my question came from. I wondered if lowering the minimum wage by age or for training periods would fix this issue.
At the end of the day, though, there is just not enough wages for people to live independent lives. They can hardly pay rent, and buy food, never mind purchase clothing, purses, shoes, games, and go to the movies. Has anyone noticed the rate at which malls are failing? I feel like raising the minimum wage, would allow people more expendable income, which will help them pay their bills and perhaps spend a few dollars on things they would enjoy. That would bring back dying retail establishments, and more people would get hired, and more people would be spending, and so on and so forth!
Another thing that bothers me about how low wages are is how much college costs. I went to college on student loans and retail paychecks. Period. The loans paid my tuition, and the my jobs paid my living expenses. But, kids can't live on these teeny tiny paychecks since the cost of rent has easily tripped since I was a college student. The cost of transportation has doubled. And the cost of college... that has increase 1,120% in the last 30 years. Corporate greed is preventing kids from going to college, because they can no longer work their way through when their parents can't afford to pay.
For me, that is reason enough to raise the minimum wage to $15.00 or to $10-$12 for kid under 18.
Do you agree? Disagree? Why?
I feel like too many people do bad business. They under-quote jobs and then raise the price because they want to make sure they get in... but I would have gladly paid the higher amount or a little more for a proper quote and the person sticking to it. If something unexpected had come up like termite damage, or a bees nest (which was my fear), then I would understand them telling me that they need to give me a secondary quote, of which I would have also gotten a second opinion, but this kind of bad business is stupid because it means you won't be called back. 