Minimum Wage?

Should minimum wage be increased? What are some pros and cons about this topic?
Answers:
Minimum wage should be tied to the cost of living (or inflation)
if inflation goes up 3%, then the next year minimum wage should go up 3%.

or something like that.

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Pros: People can have a livable wage and not starve or work themselves ragged at terrible jobs just to afford food.

Cons: Big factory bosses won't be able to afford their annual new car.

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minimum wage increase helps no one at all...the price of everything goes up with the wage so your pay check is a little bit bigger but you must spend more on the items you buy.. if a company has to pay more to a employee it will simply increase the price of there product...that hurts the guy making a little more than minimum wage only the rich guy has it to spare

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No, it shouldn't be raised, markets dictate pay. If employers can't hire people, they raise the wage. that's why in Seattle you can work for McDonald's for 9.50 an hour starting, and in Texas its 6.50, markets dictate. The ones making the loudest noise about minimum wage increases are the unions. because there pay increases are indexed off the minimum wage.

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Yes!I myself see more pro`s on the concept.The poor hard working so called unskilled worker would finnelly be able to keep up with all the price increases that have been going on all these years.Company`s, I would have the say would be in the con i guess because their high set profit margin will not be that good.They don`t realize that more people would be able to buy their products if they could finelly afford them again.So their profit income would not really decrease that much. They are hurting themself more by not seeing the problem on hand.They raised the prices,they shut down companys in the US to save money.Ha in the long run it is hurtung them more .People on a fixed low budget know how to improvise and cut back on things they don`t need.If it wasn`t for the minimum Wage worker the rich wouldn`t have what they have !I could go on and on about this subject but i better stop.

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Minimum wage laws should be abolished if we are to compete in a global economy. Tuna canneries in Thailand and the Phillipines pay 67 cents and 66 cents an hour, respectively. Starkist Tuna pays American tuna canners in American Samoa 3.50 dollars per hour.

So if we eliminate minimum wages, the market can dictate the prices of labor as well as the prices of the goods produced with that labor. Once the market approaches equilibrium, we can truly compete with cheap foreign labor and stop out-sourcing much of our labor. Who knows, one day we might even go back to being a major exporter of quality goods.

America has too much government intervention with markets. We are far from a capitalist system as originally conceived by our Founding Fathers.

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I don't think it should be increased, since it just makes things worse. Employers who have to pay more for labour have 3 options: Cut back on hours of operation (by reducing everyone's hours or firing people), raise the prices of products (which puts everyone right back where they started), or hire more skilled labour (which puts the poorest, unskilled people out of work). What most people don't realize is that minimum wage jobs were intended as entry level jobs for 16 year olds who have never worked before, they are not careers. The only way that someone can truly get out of poverty is to get an education (while working part time) so they can use the skills they learned at their jobs combined with their education to get a better job.