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Democratic Priorities in Congress

Wed Nov 8, 2006 9:36 AM EST
politics, democrats, glance, charge, eln, democrats-in
The Associated Press
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  • Regions: United States , North Korea , Iraq , Iran , Afghanistan
  • Public Discussion (9)
Matt Kennedy

_Minimum wage. Pass legislation to raise the minimum wage from the current $5.15 an hour to $7.25.

It really sounds nice in a debate, or on paper, but I think they need to take some basic economics courses to understand why a higher minimum wage doesn't help anyone.

  • 1 vote
Reply#1 - Wed Nov 8, 2006 9:47 AM EST
ssegraves

At least someone else realizes this. Minimum wage increases will do nothing in the long term except jolt inflation.

_Transportation: Consolidate air traffic control facilities. Allow more foreign control of airlines.

Woo Hoo! I can see it now, "Al-Queda Air"

  • 2 votes
#1.1 - Wed Nov 8, 2006 10:19 AM EST
jseaton

Are you serious? Wages must be increased in order to keep a balance with the rising cost of the dollar. Obviously there is a point when wages get too high and result in diminishing returns.

The dollar has been going up for years (inflation), but the wages have remained the same. A balance must be found, whether that be raising the minimum wage to 7.25 or 6.25. Also take into account the rate at which that raise is achieved. If I understand correctly the raise to 7.25 will not happen all at once, it is spread out over a number of years.

  • 2 votes
#1.2 - Wed Nov 8, 2006 11:34 AM EST
ssegraves

jseaton,

That's a very singular view of what is happening. Inflation is a lot more complex than "I can't buy as much with my dollar". Wages do not technically remain the same, a lot of people receive yearly raises that compensate for inflation, even if it's $.50/hour.

If Congress forces everyone to be paid more (especially all at once), inflation will jump and the dollar will not gain value. Actually, it could lose value. I still think I have my monetary theory book from college at home, I'll have to read through it tonight. All I know is that I was continually taught through college that minimum wage increases, in the long term, are a bad idea.

    #1.3 - Wed Nov 8, 2006 11:47 AM EST
    Forest Browne

    And this statement comes from what what research. How about you check Oregon's recent development after their raise of the minimum wage.

      #1.4 - Wed Nov 8, 2006 12:57 PM EST
      ssegraves

      I am not saying there should not be an increase in minimum wage at all, I just have concerns. My main thing is that it should be at the state level, not federal. Kind of like state income tax.

        #1.5 - Wed Nov 8, 2006 1:40 PM EST
        Matt Kennedy

        Here is an article on Price Controls that discusses why minimum wage may not help as much as some people think it would.

          #1.6 - Wed Nov 8, 2006 2:27 PM EST
          Reply
          Michael Pate

          So they are going to devote time "emerging terrorist threats in Africa and Southeast Asia" while conducting oversight hearings on "treatment of terrorism detainees" and "domestic surveillance programs?" So, let me get this straight... we are going to focus on potential/imaginary threats while increasing the danger from real and already existing ones. My advice: stay out of airplanes and tall buildings if this actually gets implemented.

            Reply#2 - Wed Nov 8, 2006 11:58 AM EST
            jseaton

            The current administration has been focusing on POTENTIAL/IMAGINARY threats for the last 6 years!

            Iraq being a threat????? Maybe potential, more likely was imaginary.

              #2.1 - Fri Nov 10, 2006 2:28 PM EST
              Reply
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