Skip to main content

View Diary: Refuting a dumb argument against having a minimum wage (18 comments)

Comment Preferences

  •  I support reasonable increases in the minimum wage (0+ / 0-)

    and to me at least, reasonable (at the federal level) is currently greater than proposals currently on the table ($10.10).  I also propose indexing to a series greater than CPI.  It does need to be reasonable, however.  A $7.25/hr minimum wage which was immediately binding would not be feasible today in most of Africa, for instance, and a minimum wage in the 20's would not be feasible tomorrow for the U.S.  This does not say, of course, that a gradual transition to increase wages to the future equivalent of those levels is infeasible.  State and local minimum wage laws in well off states and locales, should be higher than federal.  Federal minimum should be set at levels optimal for poor states, and regularly raised via progressive index in the absence of job loss and inflation.  

    Exceptions should be made for territories.  There is no real question that raising the minimum wage caused massive job destruction in CNMI.  If the goal was to destroy the abusive garment industry, it worked.  That is not to say that we should not have targeted improved wages and working conditions in Saipan, which would close the gap with the mainland, but the solution chosen only worked if the goal was to eliminate the industry.  If we are doing that intentionally, we should have offset the impact with federal aid and a development program.

    Iron sharpens Iron. Normal is a dryer setting. STOP illegal immigration NOW! -- Make it LEGAL. If Corporations are People--Let's draft them.

    by benamery21 on Wed Jan 08, 2014 at 09:04:12 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site