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Minimum Wage Isn’t Killing Capitalism

January 28, 2013

To The Reader’s Forum: In response to the letter of January 20 stating that the minimum wage is killing capitalis....

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(177)

BudZilla

Jan-28-13 2:31 AM

"Studies show that those Corporations would actually increase their earnings because their employees would then become their customers."

Denise is saying that if you stand in the middle of a swimming pool with a bucket, scoop the water out, dump it back in, and repeat, the pool will grow more full.

In fact, the result of this cycle is a loss due to sales taxes.

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BudZilla

Jan-28-13 2:36 AM

"Another point not talked about is that it is these employees who rely on food stamps and medicaid. The taxpayer is subsidizing these corporations huge CEO pay and profits."

How does something all over the evening news qualify as "not talked about" ?????

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jamestownresident26

Jan-28-13 3:43 AM

Raising minimum wage effectively cripples the economy. It forces big business to raise prices to combat "losses" and it puts small businesses out of business due to lack of sales. The real problem is CEO pay, corrupt politicians, lobbying, and the American voter continuing to vote these individuals back in power. Changing minimum wage is not the answer, ever.

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Renaldo

Jan-28-13 6:29 AM

Bud, the analogy in your first point is ridiculous, you're clearly trying very hard to be cute. The author simply stated that employees purchase more from their employer, which, maybe a surprise to you, actually translates to more money to the employer.

Minimum wage should track inflation, but the difficulty I see is factoring in the huge variation in cost of living throughout the country... heck, just in NYS alone.

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Thomas77

Jan-28-13 6:32 AM

I was surprised to watch a special on all the corruption in Washington D.C.! The lobbyists, politicians and corporations are destroying this country. It is about time these people start going to jail where they belong. Both democrat and republican. They are all crooks and they are going to ruin us all! The gap growing between rich and poor has never been this bad in the history of the U.S. and something has to be done before it is to late. These politicians family members and in-laws make-up a sizeable amount of the lobbyists in this country and that should be illegal. You have such names as Harry Reid, John Boehner, Paul Ryan and Nancy Pelosi. These people need to be investigated and thrown in jail. They are really dirty and don't deserve to be in the office they were elected for by the people. They are nothing but crooks!

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Jazzie

Jan-28-13 6:36 AM

"Changing minimum wage is not the answer." Living in poverty is?

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Jazzie

Jan-28-13 6:39 AM

TRC fully welcomes the notion that if their employees are not earning enough to go for welfare benefits.

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khulumzurug

Jan-28-13 6:45 AM

ignorant libs like this is why capitalism takes a bad rap.

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troglodyte

Jan-28-13 7:37 AM

How fortunate we have people so much more qualified and so willing to manage the money others have made.

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GioAllie

Jan-28-13 8:26 AM

I agree, when will the post journal staff take action against someone who enjoys-posting abusive comment after comment, and daily personal attacks--this blog is better than that.

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Aaron1

Jan-28-13 8:50 AM

If an abusive Minimum wage does not affect the business of busines which is to earn a profit to re-invest in building a better Nation? Why not just raise it to $25.00 per hour borrow it from China and everyone would be happy. Correct!Not

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GioAllie

Jan-28-13 8:51 AM

A thank you is in order for the author for "clearing the air" on this topic---factually.

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GioAllie

Jan-28-13 8:53 AM

the previous administration tried the "china" thing----the result has been devastating.

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sueanne

Jan-28-13 9:24 AM

A minimum wage mother working gets minimum wage plus a few thousand in child care credit, paid babysitting when she is working, food stamps ,cash allowance, healthcare, free school lunches, allowance for utilities, etc.

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PleaseWakeUp

Jan-28-13 9:33 AM

You itch and moan about poverty and all of the entitlements that folks get, yet you can't even support a pay increase for the working poor? What is wrong with you folks?

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GioAllie

Jan-28-13 9:53 AM

where can one find all the "benies" and "etc" listed,for a "working mother on min. wage" in the 9:24am post? Oh, sorry,for those expected responses, I don't qualify-just curious as to how the alleged "example" kills capitalism.

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randomthinker

Jan-28-13 9:55 AM

"Studies show that those Corporations would actually increase their earnings because their employees would then become their customers." Here is a math lesson for Renaldo and the author of this letter: A retail store increases the pay of one employee $10 per week. After taxes and FICA, the employee gets about $7 of that raise in his paycheck. If he spends the entire raise at the retail store on sales tax-free items, the store has paid $10 to increase sales by $7. That is a net loss for the retail store of $3. Basic ecomomics, good grief.

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duckster

Jan-28-13 10:37 AM

As I prepare for my ski tip to Vail I am thinking...don't get me started on those rich workers at Burger King.. wtf... what in the*****is wrong with you people?

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jamestownfan18

Jan-28-13 10:54 AM

"A minimum wage mother working gets minimum wage plus a few thousand in child care credit, paid babysitting when she is working, food stamps ,cash allowance, healthcare, free school lunches, allowance for utilities, etc."

Right, raising the minimum would reduce the need for this aid. Thats the point. Make employers pay their employees enough to contribute back to the economy, so the rest of us don't have to help them as much.

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southernman

Jan-28-13 11:02 AM

Many good points in the original letter. One of the best that many seem to not understand: the companies and their high paid employees, those at the top, are getting wealthy by allowing the government, thought the current system, to pay the wages and benefits of their employees. This fact should get the attention and ire of the right wing voters, as it is a basic welfare for the rich. i.e. - they are NOT earning it - they are pilfering it off of the taxpayers. Of course, it is legal, but is it right? Some changes need to be looked at here. One point I differ on with the author is the proper living wage of $13+ an hour. Annual gross comes to around 27k. For a family of four, with one spouse at home (like it used to be in the good ol' days, and gee, no school shootings...!) - sorry, off track... A one income family of four would still qualify for EIC, SNAP, Medicaid, HEAP, and I am sure many other programs. Hardly a living wage. This emphasizes the other point that minimum ..

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southernman

Jan-28-13 11:02 AM

... wage is so far behind from inflation.

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crosshairs

Jan-28-13 12:13 PM

Again as with every other topic libs talk about,they use the feel good argument,not facts.Of course everyone would like to have higher wages,but what are the net results.The corporations the letter writer listed pay more than minimum wage i believe.They ignore the mom pop businesses that can't absorb the costs.I see they won't answer the question about why not just raise it to $25,I mean wouldn't that be fair.

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denisecp

Jan-28-13 12:35 PM

First of all I resent being called a "Lib" I vote for either party depending on the candidate. Many are missing the point I was making. It used to be that if you worked hard you were rewarded by your employer. Today employees are at a all time high productivily yet do not advance. In the Corp world of today the greed at the top is far exceeding at any time that I can remember. A perfect example is a local Health provider who pays the lowest wages in the county yet the CEO makes a six figure salary. Maybe if employers paid their people fairly and paid their CEO fairly we would all benefit

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billraynor

Jan-28-13 12:36 PM

"Of course everyone would like to have higher wages,but what are the net results." Net result? Less dependence of the poor on gov't, better ability of the lowest income earners to put back into the economy. Minimum wage isn't killing small business. Americans not having enough money to spend in small businesses is what is killing small business.

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billraynor

Jan-28-13 12:36 PM

deni, thats all they have to fall back on in here when they aren't able to stick to a debate or logic. Name calling. I see it over and over.

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