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Old 07-03-2014, 07:42 PM
 
1,013 posts, read 910,213 times
Reputation: 489

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I should remind people that

our military enlisted make LESS than min wage even when counting basic housing allowance.
at least they have a job that can pay for everything if they work like slaves and give up their lives but.

you know what if burger flippers get the 15 dollars or higher everyone and their grandma should get at least 50-100% raise.
otherwise that wouldn't be fair now would it?

many other jobs pay much less than min wage after all.

many skilled jobs pay less than min wage even because the owners can get away with it.
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Old 07-04-2014, 08:19 PM
 
Location: NY
161 posts, read 273,778 times
Reputation: 117
If a business cannot afford to pay a good worker $10/hour, it has NO business being in business.
Something is wrong. The profit margins are too slim. No point in running a business.
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Old 07-06-2014, 11:45 AM
 
Location: WMHT
4,569 posts, read 5,672,673 times
Reputation: 6761
Default When I had my own business, there were years when I didn't pay myself $10/hour.

Quote:
Originally Posted by deebin View Post
If a business cannot afford to pay a good worker $10/hour, it has NO business being in business. Something is wrong. The profit margins are too slim. No point in running a business.
Or has too many employees, or is reinvesting the "profit margin" into growing the business.
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Old 07-07-2014, 07:49 AM
 
Location: Chicago
937 posts, read 927,462 times
Reputation: 531
I actually did a quite mediocre Economics paper on the topic.
So have 2 Boston College professors:
Mine:
https://onedrive.live.com/redir?resi...19CFDC5%213017
Theirs:
https://www2.bc.edu/~beauchaa/CrimeMW.pdf
Have at them! Los resources.
Turns out, according to their research the probability of committing crime went up as minimum wage increase. They used a logit model to estimate.
My findings concluded a decrease of crime overall with minimum wage increases. That could be due to a multitude of things that are not estimated in the model but the correlation is there. That said, an unhealthy mix of a spike in MW could alter the landscape and that's something that I did not forecast... Critiques would be appreciated if you're good at the topic. I'd like to make it into a thesis AND add fuel to this thread's fire.
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