Comments on Saving to Inve$t: 2009 Minimum Wage Increases - Will $5 Extra Really...

@ the Tax guy. Your comment came in just as I publ...

2008-07-31T09:13:00.000-04:00

@ the Tax guy. Your comment came in just as I published my responses to the other ones. Thanks for stopping by. Your points are correct and that's why as a nation on whole we are getting more "poor" people based on the poverty line. The rich are getting richer, and the poor are getting poorer.

@ Kyle - I agree with you, but with no minimum wag...

2008-07-31T09:11:00.000-04:00

@ Kyle - I agree with you, but with no minimum wage a number of people could get exploited. Infact a number of "illegal" immigrants get paid way under wage which subsidizes the higher wages for the rest of us.

@ SB - A lot of the minimum wage earners are black and hispanic which are the largest minorties
and that's why the political implications. The headline "Single mother of 3 can't afford food for children on minumum wage" is not something the politicians want in the headlines. Espically in an election here and bad economic conditions. Will raising the minimum wage solve poverty? No.

@ Anonymous - You definetly are in a tough position because I could not imagine surviving on minimum wage in this coutry (espically in a large city). Congratulations on your goals to take care of your kids, and spending the money partially on them is a great idea.

@ SB - I have seen a bit of Kudlow, but find him similar to all the other lound CNBC's commentators. Besides with work, kids and the blog there is little time for TV. Perhaps I can TIVO it.

Great post Andy, the part the wage law misses is t...

2008-07-31T08:25:00.000-04:00

Great post Andy, the part the wage law misses is that by what ever percentage the increase is so should all employers be forced to increase all wages by that percentage. Not just those at the minimum. So the minimum has gone up almost 12%, then the mailman, the truck driver, etc, all wages should go up. The raise in the cost of living has gone up dramatically by not changing everyone’s wages, we place those who where once just making it, to an almost poverty range.

Hey Andy, you should check out Kudlow and Company ...

2008-07-30T19:10:00.000-04:00

Hey Andy, you should check out Kudlow and Company on CNBC every night. He usually has great financial guests discussing the day on the stock market, and the economy in general. It's about the only program on CNBC I can tolerate. The rest of 'em are too brash and loud.

$100 is a lot of money for me. It will pay gas for...

2008-07-30T15:12:00.000-04:00

$100 is a lot of money for me. It will pay gas for month and let me take my kids to movies. For me because my english not so good this is the only pay I get. My kids go to school here and so they will have better future.

These boneheads, this is such a wedge issue it's n...

2008-07-30T13:05:00.000-04:00

These boneheads, this is such a wedge issue it's not even funny. Less than one percent of the US working public makes minimum wage. Yet for some reason, Democrats rail about it, and business owners claim they have to raise prices to recoup costs.
Gimme a break already.
http://www.heritage.org/Research/labor/WM19.cfm

I'm not a big fan of minimum wage laws. It would ...

2008-07-30T11:13:00.000-04:00

I'm not a big fan of minimum wage laws. It would be nice if you could erase all the world's ills by simply requiring a minimum wage be paid, but the real world doesn't work like that. That said, I would probably just save an extra $100 if I had it. So I suppose it would be good for me.