What is truly pathetic is the idea of raising the minimum wage. How many people actually earn the minimum wage? Of those, how many are still in high school?
If you think raising the minimum wage actually increases wages, you're in for a surprise. Raise the minimum wage to $6.25/hr and now the guy who makes $6.25 wants a raise cause why should he only get the minimum? And on it goes up the line.
And where does the money come from to pay these higher wages? Yup, the consumer pays it. So the guy who used to make $5.15/hr, now make $6.25/hr, but guess what? The prices have gone up and he is no better off.
We don't hate the working class, we are looking out for them by not raising the minimum wage. If we did, someone would have to take a hit; either the business, the consumer or the employees. When businesses have to pay more to it's employees it either has to fire a few employees, not hire employees it was going to, take the hit or pass the hit on to the consumer. Plus people become irresponsible. Anyone who tries to live off of minimum wage has a problem.
Can someone actually tell my a reason why the minimum wage can not be raised?
Raise the min wage. Up goes consumer spending, which in turn create more jobs.
We could always give the poorer tax breaks.
Considering the personal exemptions of 4800 on Fed Taxes of a person making minimum ($10,712 a year) would end up paying about 240 dollars a year in Federal taxes (single no dependants), then what tax breaks are you talking about? Give them the whole 240 back? Man you are a giver!
I'm a bit Darwanistic in my belief over this problem. As long as we continue to have a system that rewards hard work with possibilities of advancement then I don't think we should pay 15 year olds 10 bucks an hour to flip burgers.
Raising the minimum wage hurts the poor. Many unskilled people's labor is not worth $6.25, $5.15 or even $4.00 per hour. If the employer is forced to pay more than the job is worth, the job is either outsourced to a lower wage country, the job is upgraded so that a low or no skill worker cannot perform (or even get) the job or the employer does not hire anyone and finds another way to get the required duties done. The low or unskilled worker is therefore locked out of enty-level work and may never get their first job. They then do not learn what it takes to be a good employee and how to increase their wages up to the US median wage, which is about $16.50 per hour.
Also, low wage earners are eligible for taxpayer subsidised housing, food stamps, job training, college and the Earned Income Tax Credit. The EITC rebates eligible low income workers an amount far more than their income tax liability, and in most cases, more than their SS and medicare taxes too.