US jobless rate falls to 7.8 pct., 44-month low - page 13
The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The Labor Department says employers added 114,000 jobs in September. The... Read More
3Jun 1, '13 by MunoRNQuote from 22gawhitacreCompanies like Walmart, who pay below the poverty line even in non-entry level jobs, could actually afford to double their wages without having to increase prices for their products. There can be a temporary cause-push inflation associated with raising minimum wages, but overall it costs people less. A recent study found that a single wal-mart store cost the public $900,000 a year because Walmart wasn't providing their employees with the minimum amount required to live. So because Walmart pays even promoted, long term staff below the poverty level and puts the extra cash in their own pockets, we (taxpayers) end up having to give their employees the money that Walmart didn't, so we might as well just be putting our tax dollars right into the Walton family bank accounts.MOST agree that would just increase prices for everyone.
Most don't agree that minimum wage should remain stagnant, depending on the poll, about 2/3 to 3/4 support raising the minimum wage.
Quote from 22gawhitacreAgreed, that's the point. About 2% of workers are "entry level" yet 22% of jobs pay entry level wages. A manager at Walmart still makes below poverty level and can't support a family without aid.MOST agree that it is an entry level wage and not designed to support of family of 6.Quote from 22gawhitacreThese people do advance themselves, and still make below poverty level. The makeup of jobs in our economy is fairly set. We can't just say everyone in the service sectors should just get other jobs that don't exist, most jobs are dependent on other aspects of the economy, you can't do away with one sector and expect others to boom, in reality that would actually kill jobs in other sectors.Most agree that if you find yourself making minimum wage it is up to you to advance yourself and get a better paying job.Quote from 22gawhitacreMost union member are already above minimum wage, so no, that would be unlikely to have much effect on unions.MOST agree that raising the minimum wage benefits unions the most.