Minimum Wage - the fallout!

[TedKennedy]

Nice archive! I'm impressed with your collection although feeling a bit disturbed your watching me so close.

LOL - I bet you are.

 

[LightningCrash]

"whaaaaaat.... that guy remembers a conversation from 3 weeks ago?! He must be stalking me!"

 

[ronny]

I'd have to write it down to remember it for three weeks. Of course, then I'd have to remember that I wrote it down, and then I'd have to remember what I did with it. I could never hold a grudge.

 

[Shootin 4 Fun]

I loved working security.. Its an important field. have you ever wondered what would happen if all security guards quit?? This is not a personal issue, I no longer do that. It is a reality issue. These people risk their life every day to protect your safety ands your money's safety. They often get shot or even die while on duty. Don't you think they deserve at least a livable wage?? Or would you like to outsource them too?

You're George Zimmerman in real life, aren't you?

 

[LightningCrash]

Imagine if all the security guards quit? Imagine if all the people who are involved in sewage and waste disposal quit!

 

[Sanford]

Where is the evidence? Many of you are making arguments that raising the minimum wage will do this, that, or the other...all negatively impacting the system all while doing nothing to help those making minimum wage. Talk is cheap. Where is your evidence?

Here's a reasonable example if you believe "hours of work" comparisons to be valid as regards "average" wages...

Data reveal that the average working American is better off today than in the 1950s, and ‘wage stagnation’ is a myth

And here's a comparison of "minimum" vs. "average" wages to help interpret the information above.
Minimum VS Average Wage Gap Map

Using data from our wage and tax calculator tool we have created a map showing the global gap between the minimum wage and average wage earner.

Of course, even the best economists can really only guess what would happen in the current economy - so those are more "opinion" than "evidence", but here's at least one projection as regards the Fast Food industry (since that seems to get so much attention).
[Broken External Image]
Higher Fast-Food Wages: Higher Fast-Food Prices

And another.

Let the Data Speak: The Truth Behind Minimum Wage Laws

 

[Sanford]

Imagine if all the security guards quit? Imagine if all the people who are involved in sewage and waste disposal quit!

We'd all be living in Manhattan. <shrug>

 

[RidgeHunter]

Source: Heritage Foundation Calculations

I love it.

 

[YukonGlocker]

Source: Heritage Foundation Calculations

I love it.

don't leave out the survey of company CFOs...lmao...lets survey minimum wage workers and compare!

 

[Shootin 4 Fun]

Here's a reasonable example if you believe "hours of work" comparisons to be valid as regards "average" wages...

Data reveal that the average working American is better off today than in the 1950s, and ‘wage stagnation’ is a myth

And here's a comparison of "minimum" vs. "average" wages to help interpret the information above.
Minimum VS Average Wage Gap Map

Of course, even the best economists can really only guess what would happen in the current economy - so those are more "opinion" than "evidence", but here's at least one projection as regards the Fast Food industry (since that seems to get so much attention).
[Broken External Image]
Higher Fast-Food Wages: Higher Fast-Food Prices

And another.

Let the Data Speak: The Truth Behind Minimum Wage Laws

That chart forgot to account for smart phones, data plans, cable television and internet services. That's an extra $300 a month that a person needs to be paid.