I keep mentioning Wal-Mart simply because they are the biggest culprit. They shamelessly tell their employees to seek government aid instead of higher wages. They are also the biggest example showing that higher labor costs = higher prices is a myth.
I know the same scenario doesn't apply to every business. Many poor performing businesses will probably fail if they have to increase labor costs.
IMO, fighting to keep wages low shows that you only look at short term effects rather than long term growth. I mentioned Henry Ford to another poster because Ford once doubled the salaries of his workers, then called it the best cost-cutting measure he ever made.
Minimum wage laws deal with minimum wage; not with other salaries. If the minimum wage goes to higher than what you currently make, your wages will be adjusted. If your employer does not see fit to adjust accordingly then you are very free to seek other employment. Your employer will deal with the cost of finding and training your replacement, then that person's replacement, and so on until your employer figures out that paying more lowers cost in the long run.
Who was Ford really competing with in the car market at the time though? You can't really compare the past to now. A raise in wage would be a good thing for some companies, but a forced major increase in min wage doesn't accomplish that.
We aren't just talking about Wal-Mart though. We are talking across the board. We are also talking about 12 bucks an hour increasing to twenty, twenty and hour to forty and so on. I make more than fifteen dollars an hour you don't think if this takes place that I'm not demanding a raise? If this takes place and you make more than minimum wage you aren't asking for a raise???
If anyone ever watches shark tank Barbara said something interesting not verbatim. "I don't invest in rich kids. I want someone hungry, someone poor." Shula has been given everything because of his last name not because of his merits. Jeremy was right when he said it was a terrible decision last year.
Lance and kemba went 2 for 17 & we only lost by two. What would the score have been last year if kemba andwhoever our third option was (hendo I guess) did that. Especially against a good team. The game Wednesday was a TON of pressure on the guys and they managed to come back and win. We may not hit our stride till after the all star break but this is a top four team in the east.