Suppose they set the minimum wage to $50/hr?

Would that generate a %26quot;working wage%26quot; for all Americans, or generate a huge unemployment rate? If you are under the impression that it is the former, why do not your champions of the minimum wage stop horsing around with $5 or $6 something and just make it $50? Do they sincerely think they are helping people, or are they demagoguing the issue?

Suppose they set the minimum wage to $50/hr?honda finance

WOW...Really.....There is no in between?

$5.75hr %26amp; $50.00hr.

The ridiculousness of your answer equals the ridiculousness of the current minimum wage.

Let%26#039;s break down the numbers.......

$5.75 x 40hrs week = $230.00week

$230.00wk x 52wks/yr = $11,960.00yr

That%26#039;s not even $1,000.00mo.

Seriously????

Do you have any idea how many single mothers are trying to support families on MINIMUM wage??

How about a %26quot;working wage%26quot; above poverty level!!!

So then what is your answer to just starve out the poor?

I%26#039;m all for free enterprise but why does it have to come to whatever profit you can squeeze out of the ones who utilize whatever your service is.

Is free enterprise really acceptable when it isolates as many Americans as it satisfies or enables?

So the gap between Upper class and poverty continues to widen.

Are you trying to weed out the poor??

The equality of being an American citizen is all a bunch of words.

If you are a poor American you don%26#039;t count!

The gap between the rise of inflation and no raise in minimum wage is creating a sub culture in America.

Interestingly the people who receive the lowest pay usually have the disgusting or labor intensive jobs the average American wouldn%26#039;t do.

As long as free enterprise prospers the disenfranchised should just be grateful for any place in the pecking order??

Is America really an Elitist country? Is that what our founding fathers fought for?

Who%26#039;s going to buy your product? Certainly not your employee who can%26#039;t afford it. So they exist to benefit you and the fortunate Americans who inappropriately get a wage that is out of proportion for their skill or ability?

Surely there must be a better system.

Suppose they set the minimum wage to $50/hr?

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Minimum wage just makes the prices go higher. That%26#039;s about it.

I Cr 13;8a

1-12-7|||Every time they raise min. wage, prices go up for everything.|||The %26quot;slippery slope%26quot; argument does not apply here. It%26#039;s blatantly obvious what would happen were minimum wages raised to ridiculous levels like $50/hr. There%26#039;s no need to raise wages that high; it%26#039;s just that minimum wage hasn%26#039;t been keeping up with inflation and cost of living increases brought upon by increasing trade deficits. It%26#039;s not a pissing contest when someone living check-to-check has to choose two of rent, food, or medication, so don%26#039;t bring politics into it. Fix the damn deficits, then start pissing and moaning about the fact minimum wages are a socialist concept.|||Each time minimum wage rises, the cost of living rises. I remember when minimum wage was 4.25 per hour and tax was only 4 or 5 cents on the dollar when I went shopping.

Now minimum wage is 5.50 (i think) per hour and tax is 9 cents on the dollar.

If min. wage were to be 50 dollars per hour, then the taxes would be astounding!

The govt sure knows how to abuse us and milk us for every penny they can.|||Pegging the minimum wage to USD50.00 is good for the workers but bad for the employers especially the small industries to be forced to close. The government must study which is better for the economy so that workers will not be affected.|||Wages that are too high are bad. Wages that are too low are bad. Must find happy medium.|||Goals of the American left...Higher unemployment, more illegal invaders working under the table and not paying legal with holding taxes, generate a health crisis as a step towards socialized medicine...

And under the guise of %26quot;helping the working class%26quot;, their living grade minimum wage is a giant step towards achieving those goals and the destruction of the American Republic.|||No there should be a minimum wage because there are pieces of crap out there who exploit good workers and the people need a standard of living. And the minimum wage today should be at least $10.00 per hour not $7.25|||American currency has a massive trade deficit, which is among the reasons we went off the gold standard in %26#039;71. Now we can just print up (or produce by computer) as much as our government can spend (and we all know how amazingly they do that).

When we used gold to back our wealth, a certain number of dollars resembled a certain number of slices cut into a pie. Each slice was a particular amount of %26quot;something.%26quot;

But nowadays we have fiat currency, which means there%26#039;s no physical backing to it. Every dollar bill is an IOU from the IRS. They%26#039;re debt vouchers. So long as everybody trades borrowed currency, believing it to be money with value, the system basically chugs along. Tra la-la...

So if the minimum wage is $5, a loaf of bread is about $3 (I buy premium bread). So I figure, if the minimum wage were $50, within a matter of months a loaf of bread would be $30. Makes little difference, really. And when you think about it, CEO compensation has already taken such a dramatic (and some would say undeserved) turn upward. What does it matter?

Every company wants the best employees, so they%26#039;ll pay what they must. They also want the best profits, so they%26#039;ll charge for their goods and services what they can get. Every employee wants as much money as possible. So we just keep printing more, we just keep adding on more debts, and people feel a little richer.

The minimum wage means very little to me. I%26#039;m far more concerned about what%26#039;s going to happen when our $30 loaf of bread becomes a $30,000 loaf. All paper money eventually reverts to its natural value: zero. And then the minimum wage will be the least urgent matter on people%26#039;s lips. And my $5 net worth will be, well, worthless. Got gold?|||Inflation would go out of control, remember the Argentine economy. May as well just start printing more money as well.|||You should be asking this question under social sciences and econmics, not politcs.

Minimum wage is in place for numerous reasons.

First is that capitalist economies always have an unemployment rate. This ensures that there is always a continuing expansion of buisness. If this pool evaporates, buisness evaporates.

Second is that capitalist ecomomies have shown (read up about the industrial revolution and worker treatment, a time when there was no minimum wage) that without regulation of wage, industries will squeeze as much profit as they can from their workers by paying them the lowest amount possible for those people to survive and to come into work the next day.

Third, it is healthy for the economy. There has never been a correlation between minimum wage and unemploment. A minimum wage takes money away from those owners of the buisnesses and puts it into the hands of those that deserve it- the workers. This increases the purchasing power of the average citizen and puts more money into the society.|||I hate to tell you people but the poor/middle class people have NOT had a raise in ten years and don%26#039;t tell me that goods and services have not risen anyway in that ten year period. The poor/middle class are food for the wealthy as the wealthy leeches drain them dry. I say the rich need to be taxed more and loopholes closed for big businesses.|||Everytime the minimum wage is increased someone loses their job.