Aug 07, 2013 6:31 PM GMT
Where McDonald's wages start near $15 an hour
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What do you mean it is not possible?
Wouldn't that mean just more government subsidies?
I think that raising the minimum wage would be the best way to move the people from the bottom up. If you look at Australia, their economy has been healthier than most of the other nations and I think one of the reasons why is because the people at the bottom have a livable wage. When the people at the bottom can buy cars and homes, it makes it so that everyone else is doing well as well because you have more people that can spend more money, helping to boost the economy as a whole.
And for the Republicans, can you think of a better way to reduce the amount of benefits that people get from the government without being cruel to people? Companies already hire the minimum number of people that they need. I don't think that there will be very much of a loss in employment by slowly increasing the minimum wage to a livable wage.
What they would need to be careful about doing is making sure to increase it at a rate that does not push up inflation. With the economy still weak, now is the best time to start pushing the bottom wages up. It would be a way to strengthen the economy without the government spending more.
I don't have the answer, but raising the minimum wage in America to that of Australia will utterly ruin employment for youth even more.