While 67% of New Yorkers think the state is still in a recession, even more (72%) favor the proposed hike in minimum wage. While a dance is going on in Albany over the issue, it looks like GOP Senate opposition will not be robust enough and a couple Senators will peel off, allowing passage of the $8.50 and hour wage with escalators in future years.
The business community argues its a job killer, expecially in some regions of the state.
NY1/YNN Marist Poll: 72% Of NYers Support Minimum Wage
9 comments:
It is not the business community that argues it is a job kill it is anyone with a brain.
And only a Republican will oppose it. I guess most of us dont have brains but the Republicans have no heart.. They have stood by Rich corporate American for years and thats what it all boils down to...
Patty will oppose it...
"It is not the business community that argues it is a job kill it is anyone with a brain."
Where's the PROOF genius?
ahem, the "PROOF", 1:32, is easily seen in the numbers of unemployed youth.
but then one has to be willing to acknowledge economic fact.
State-directed centralized economic planning does not work, has never worked, and will never work.
If the current minimum wage fails to allow people to survive at subsistance levels it fails to accomplish what a 'Real Job' must; and that's to enable us to pay bills and buy the essentials for proper living. If a job fails to do that, it stops being our hope for a better life, instead becoming a sentence to be served.
I delived papers for the WDT and their pay scale put me in that position as a delivery boy, after my heart attack about 4 years ago I barely broke even after paying forgas in my truck. I did get into reasonable shape though ...:)
Mike Flynn'MiddleClass Mike'
In 1956 the Minimum Wage for a full time worker was around $2,000.00 which equaled 75% of per capita gross domestic product. The economy was thriving and no one bitched about it… not even Republicans.
Today's Federal minimum of $15,000.00 is only 30% of per capita GDP! On a basis equal to the 1956 ratio, the Minimum Wage should be around $37,000.00.
However today the average wage is just a few thousand dollars more than that, meaning upwards to one half of all Americans earn a smaller share of the economy than the bottom tier workers earned in the mid 1956's!
No wonder we have serious unemployment. The middle class just doesn't earn enough money to buy everything they produce. And since the Minimum Wage is the foundation upon which all higher wages are based, just about everybody today is getting a much reduced payback for the value they create, all the while the rich take a progressively larger share for themselves year after year.
I know how difficult it is for today’s Republicans to understand but the bottom line is that you don't destroy a country's economic system by allowing its citizens to enjoy those “luxurious items” like food, shelter and clothing.
Here’s what Bloomberg Business Week has to say:
http://www.businessweek.com/articles/2012-04-19/bloomberg-view-raise-the-minimum-wage
In 1956 the Minimum Wage for a full time worker was around $2,000.00 which equaled 75% of per capita gross domestic product. The economy was thriving and no one bitched about it… not even Republicans.
Today's Federal minimum of $15,000.00 is only 30% of per capita GDP! On a basis equal to the 1956 ratio, the Minimum Wage should be around $37,000.00.
However today the average wage is just a couple thousand dollars more than that, meaning upwards to one half of all Americans earn a smaller share of the economy than the bottom tier workers earned in the mid 1956's!
No wonder we have serious unemployment. The middle class just doesn't earn enough money to buy everything they produce. And since the Minimum Wage is the foundation upon which all higher wages are based, just about everybody today is getting a much reduced payback for the value they create, all the while the rich take a progressively larger share for themselves year after year.
I know how difficult it is for today’s Republicans to understand but the bottom line is that you don't destroy a country's economic system by allowing its citizens to enjoy those “luxurious items” like food, shelter and clothing.
Here’s what Bloomberg Business Week has to say:
http://www.businessweek.com/articles/2012-04-19/bloomberg-view-raise-the-minimum-wage
You should reference Time Magazine to back up your business week reference. Bwa-ha-ha-ha!
So now that you put out that lame theory suing simpleton static analysis, you just need to answer the mayor's previous question...why not $20/hour for minimum wage?
Closer to $17.00 is a "sustainable" wage.
Post a Comment