No you won’t gain buying power. The cost of everything will just likely move up. Minimum wage goes up, then every job pay scale above minimum wage goes up, as does cost of goods and services.
You want to gain buying power, then get a better job that moves you up that pay scale ladder. There is NOTHING stopping you from moving up – except yourself.
Not really. In Seattle the increase went from $9.96 per hour to $11.14 – that is a 13%+ increase. Now, two years after that went into effect it is supposed be a 50% pay raise in 5 years. That is unsustainable in just about any industry.
It is 4 years is NOT a long period of time in my book, nor is a 50% wage increase in that same 4 years a “small minimum wage increase.”
Especially when it costs those people their jobs, but makes a good sound bite and gives you warm and fuzzies.
And remember, half of those making minimum wage are under the age of 25, presumably high school and college kids trying to make a little scratch.
Oh Mike. Don’t introduce facts. People hate when you do that.
And why is that? Please tell me when the government has helped pull someone out of poverty? All that money we have spent in the war on poverty over the past 50 years and nothing has changed.
As should any church that has a preacher push a political candidate for office.
There is no separation of church and state. There is simply no establishment of a single religion. It is simply that a single religion cannot be established as the only one – as happened back in that time with the Church of England.
If a mosque or synagogue asked for the same money, they would be allowed to receive it as well.
And how much did the premiums rise over the past 6 years? How much less coverage is there in those plans?
So what about Connecticut? Hardly a bastion of conservative thought. No tax cuts, they increased taxes and passed one of those big “millionaire taxes” and brought in far less than they thought because people moved out of state. Same happened in Maryland, New Jersey, and other states.
It is a basic premise of living within your financial means. These politicians just don’t do that. Regardless of political party.
A rising tide does work. However our politicians refuse to live within the confines of a budget. It’s basic math. They choose to spend way more than they take in, don’t fund their legal requirement for pensions, and pass ridiculous spending bills. If you cannot pay for it, then don’t do it. It is not just Illinois, and it is not just conservatives.
Massachusetts, as an example, is broke too. Democrat run for the better part of the last 30 years.
Have you read the studies about what it has done in Seattle and NYC? Those studies you allude to have NOT been disproven. When the prices of things go up because you pay a Whopper flopper $15 that cost is past on to the consumer who will eventually not pay for it.
The number of restaurant and low-skill jobs are affected highly, and businesses close as has happened in Seattle and NYC, as well as other communities.
And when the “minimum wage” is increased, other salaries increase up and down the line. Why should a burger flipper make more than a Paramedic does? This other salaries all up the line are going to go up because that factors into the cost of living, and pretty soon that monetary increase is nothing.
And then there is the whole salary increase which then makes you more money and you lose out on state supported entitlements like Section 8, Medicaid, Etc.