@ISIDEWITHQuestionseconomyStarted 13yrs agoActive 6mos ago

Should the government raise the federal minimum wage?

Should the government raise the national minimum wage?

In 2014, Angela Merkel set Germany’s first ever minimum wage at €8.50 per hour. Proponents believe this wage is necessary to protect the poor and working class. Business leaders have warned that the wage will threaten employment and cause companies to move their operations to countries with cheaper labor. Of the 28 countries in the EU, 6 do not currently have a minimum wage.

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Answer Overview

Response rates from 2.3k 22 voters.

71%
Yes
28%
No
63%
Yes
25%
No
4%
Yes, and adjust it every year according to inflation
1%
No, this will only cause prices to increase in a never ending cycle
3%
Yes, and make it a living wage
1%
No, most minimum wage jobs are meant to develop experience, not support a family
1%
No, and eliminate all wage standards

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Other Popular Answers

Unique answers from 22 voters whose views went beyond the provided options.

 @9NC2NDHanswered…6mos6MO

Yes and no, its important for it to be keept at a livable wage where its still worth it to work instead of claiming unemployment benefits, the main focus should be abolishing the Massive money printing, keeping the EURO worth high and eventually return to gold standard.

 @9J8CT2Panswered…10mos10MO

No, as it would cause prices to increase. Instead, lower taxes and social programm costs for those working low paid minimum wage jobs.

 @946FHCRanswered…2yrs2Y

No, it should be done on the state level

 @8RM6K86answered…4yrs4Y

Only for Employees in large corporations.

 @8QZ3SS2answered…4yrs4Y

Implement a system of regional and saisonal Minimum wages adjusted for the determining factors

 @98LPVCYanswered…2yrs2Y

Yes, but only by little.

 @97Z9DL2from Nevada  answered…2yrs2Y

Replace minimum wages with unions

 @9CHQZGManswered…1yr1Y

No, but laws supporting employees negotiating wages should be passed.

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 @M0derateImpala from Minnesota submitted…6mos6MO

Companies Cut Worker Hours After California’s $25-an-Hour Minimum-Wage

California's budget deficit has ballooned to $45 billion. Mr. Newsom projects that the new healthcare minimum wage would cost the state $4 billion more a year owing to higher Medicaid costs and compensation for workers at state-owned facilities. Legislative analyses warned about these costs, but Mr. Newsom signed the law anyway.California’s current minimum wage for all workers is $16 an hour. Nearly all workers at healthcare facilities including janitors will have to be paid at least $25 an hour by 2028.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.Average hourly earnings for California leisure and hospitality workers have also increased more slowly—2.1% compared to 3.8% nationwide—no doubt partly because the state’s softer labor market has reduced competition for workers.When government raises wages above what the market commands, employers will increase prices and reduce labor. California, QED.

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