Goldilocks wrote: So how are beginning workers and poor people supposed to advance economically? Obama Wage Hike is Obamacare by 'Other Means'
Dear Comrade Goldi,
I can tell you one way to make it more difficult for “beginning workers and poor people” to advance. If you raise the minimum wage, they’ll be likely to be hurt worst, first.
People advance economically by gaining experience and thus bringing more value to an employer, not by passing capricious laws.
According to a BLS survey done in 2011, only 5 percent of workers who make hourly wages are at or below the federal minimum wage to begin with. Of the 1.7 million people who receive minimum wage salaries, 54 percent are aged 24 or below even as 80 percent of the workforce is 25 and above. So despite accounting for only 20 percent of the workforce, we see that minimum wages are more concentrated in those “beginning workers and poor people.”
When you are younger and lack skills you make less money.
Only a liberal would have difficulty understanding this obvious fact.
Powerful or Pitiful?
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
In Other News: List of "Useless Government Spending" Strangely Doesn't Include Biden's Salary | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 22nd, 2014 | John Ransom
In Other News: Massachusetts School Board Moves to the Right of Democrats - Becomes Socialist | Michael Schaus