How will forced minimum wage increase affect economy next month?

[GreenCardSeeker]

Sweden has had minimum wages for specific jobs enforced by trade unions for some time now. The lowest you can pay a janitor working full time is like $1800/month or so. As a consequence, the number of private jobs is now the same as in the late 1930's even though the population has grown by 2 million. The youth unemployment rate is at 24% now and projected to hit 30%. As a consequence of this youth unemployment, mental health among young people has taken a sharp turn downwards - a recent report found that 1 in 6 unemployed, young women had attempted to commit suicide, and 1 in 25 young men. 1 in 4 of these men had contemplated suicide. Sadly, these young people don't understand politics - something like 70% of young Swedish voters vote for left-wing parties, they think more government would help. Definitely a lost generation.

For more info about this madhouse of a country, see my movie at http://www.socialistutopia.org/ - I guess with Obama in the white house, the USA will be the same in a few years.

 

[Volitzer]

The unconstitutional minimum wage increase is being forced upon everyone next month. How do you think this will affect the economy?

It will give it a temporary shot in the arm making things affordable again.

However we need to get minimum wage up to $10 an hour nationwide and have America start producing again to really bring back the economy.

It won't happen until we either elect Ron Paul or someone from the Constitution Party who knows what America needs to do to get back on the right track.

 

[stag15]

If our currency was backed by gold, we wouldn't have 4-6% or more inflation. Therefore, we wouldn't need to increase wages because the costs of goods wouldn't be skyrocketing.

 

[Matt Collins]

However we need to get minimum wage up to $10 an hour nationwide and have America start producing again to really bring back the economy.

It won't happen until we either elect Ron Paul or someone from the Constitution Party who knows what America needs to do to get back on the right track.

This makes no sense at all.

 

[Dieseler]

In America the minimum wage should be reserved for High school kids looking to make a little extra cash.
Back in the late 80's and early 90's I owned a tree service and when I hired a new ground man I told them right off the bat, "If you aren't worth $10.00 an hour to start, I can't use you." That was a fact.
Now what is happening in my opinion, is that job I would have paid a guy that would hustle, $10.00 an hour to do, is fixing to be fixed at minimum wage. That is regressive in my opinion.
What do you think?
I might as well extrapolate a little more on this while I am at it.
A persons ( A grown up person, Adult) wage in America should be left as a contract betwixt him or her and their employer. It should be open to negotiation when either they or their employer feel they are worth more or even in some cases less.
Minimum wage will defeat any ability to negotiate because it will set the rate for what some jobs are considered to be worth period. I'm not talking about soda jerks and McDonalds employees here. I'm talking about people that do jobs which require skill and effort. Setting a minimum wage to these jobs should be unacceptable to Americans.
During my time as a tree service operator I began to notice the influx of illegals. They were most often noticed working for land scape crews at first, cutting grass, mainly because that was the easiest entry level labor job that one could get and grass cutting was a pretty good gig back then, at least that's what I was told by landscape company operators as far as risk vs, reward goes.
Now for a sad but true conclusion I will add this.
I remember talking with crew mates at lunch,( working for a Power company contractor) about 9 years ago as we sat eating lunch by the trucks watching a full crew of illegals cut a rich dudes lawn.
I told them this. "If you boys don't start coming to work on time, doing what your supposed to while you're out here and staying until its time to go home and I mean working every minute of the time you're paid to work,... Them boys over there are going to get your fucking jobs."
They all laughed at me.
Last week I watched 4 trucks full of Mexicans trim the power lines in front of my house.
I truly felt like crying as the prophecy I had laid down to them good old boys had fulfilled itself.
I know I'm rambling here but minimum wage is not the answer.
Working the job is the answer.

 

[Krugerrand]

In America the minimum wage should be reserved for High school kids looking to make a little extra cash.
Back in the late 80's and early 90's I owned a tree service and when I hired a new ground man I told them right off the bat, "If you aren't worth $10.00 an hour to start, I can't use you." That was a fact.
Now what is happening in my opinion, is that job I would have paid a guy that would hustle, $10.00 an hour to do, is fixing to be fixed at minimum wage. That is regressive in my opinion.
What do you think?

I think this is true only to the extent that inflation lowers the value of the $10.00. So, if instead of saying "if you aren't worth $10.00 an hour" you had said "if you aren't worth the price of 1/10th of an ounce of gold a day," or more practically, "if you aren't worth the price of 5 gallons of gasoline an hour" then the equivalent wage would probably have gone down in value despite going up in amount.

Somebody's efforts not worth $10.00 an hour a year or two ago may be worth $10.00 an hour now. Certainly, if not now, they will be soon - even though the effort hasn't changed.

My point ... inflation is the problem. Minimum wage really doesn't keep up with it and is "mostly" irrelevant. All it does is pushes along the price increases that are going to happen anyway.

 

[Dieseler]

I think this is true only to the extent that inflation lowers the value of the $10.00. So, if instead of saying "if you aren't worth $10.00 an hour" you had said "if you aren't worth the price of 1/10th of an ounce of gold a day," or more practically, "if you aren't worth the price of 5 gallons of gasoline an hour" then the equivalent wage would probably have gone down in value despite going up in amount.

Somebody's efforts not worth $10.00 an hour a year or two ago may be worth $10.00 an hour now. Certainly, if not now, they will be soon - even though the effort hasn't changed.

My point ... inflation is the problem. Minimum wage really doesn't keep up with it and is "mostly" irrelevant. All it does is pushes along the price increases that are going to happen anyway.

I added a bit to my post.
What I'm trying to say is that minimum wage is a trap and a joke that stupid people are starting to buy lock stock and barrel..
They are not going to raise it with cost of living period. Once they finish with their minimum wage legislation most skilled laborers that work legally will be trapped for all time in poverty with no hope for bettering themselves. They will have choice A and B both paying the same Government approved wage.
Look at how they are tricking people into accepting this by citing the screams of the lifetime soda jerk.
Fuck the soda jerk, I can get my own damn drink at the soda dispenser. McDonalds and its minimum wage pay is for kids and welfare monkeys.
Not everyone can climb a tree and top it with a chainsaw.
That takes balls.
Skilled labor are the people who are going to get screwed by minimum wage in the end.
I don't know shit nor do I care about gold, I know about and care about making a living that keeps up with the cost of living and only the ability to negotiate can protect that.
Oh yeah, and enforcing the law on illegals.