For you always have the poor with you
A State Senate committee has just passed on a bill that would give minimum wage workers a $2.50 an hour raise over 5 years. while this may help some minimum wage workers in the very short term, the long term effects would be devastating.
Companies have to maintain the bottom line, so they will either reduce their workforce, or they will raise prices, thus killing any benefit those on minimum wage receive. At the same time, people making over $7.65 an hour will not see a pay raise, especially hard hit in this scenario is the middle class wage slaves, prices go up, wages do not.
As someone who lived through the last series of minimum wage increases, the most glaring thing that happened is those working in the industries is the loss of any benefits they may receive, my wife worked for a local restaurant, she worked hard, yet every time she managed to get above minimum wage, the minimum would rise, leaving her at the bottom rung of the ladder.
Some people do rely on jobs
in the minimum wage sector, my wife was one of those people, but
increasing the minimum wage it does not help them, it hurts them, as
any money that they could have earned (or did
earn) by working hard is distributed to those who are looking for a
little extra cash or beer money, and any extras the company could have
afforded to give to employees will soon be taken away.















