MovieChat Forums > Politics > What If the Minimum Wage Was $4.34/hr.?

What If the Minimum Wage Was $4.34/hr.?


In the past month, I had discussions with others on general discussion about inflation and jobs. I came across this website http://www.usinflationcalculator.com/ and I put in some numbers. Apparently, to adjust for inflation, the minimum wage today should be $4.34/hr., as it would have the same buying power as $0.25/hr did in 1938.

Should we use this new wage for people on welfare, while still keeping the $7.25/hr. minimum for people actually working a job?

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If it was$4.34/hr people would do all they could to find a better job. But if the Democrats have their way and make it $15 dollars plus an hour people young and old will be content flipping burgers and throwing fries in hot grease.

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Well, I am just talking about the welfare minimum wage. The actual would stay at $7.25/hr.

It would be pretty cool to flip burgers and throw fries for $15/hr. In actuality, I would think all wages would go up and so everyone would be satisfied with their jobs.

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I would think all wages would go up

But here is the catch. Say right now the consumer pays $6 for a burger, fries and a drink. If MacDonald's had to start paying their workers $15 an hour that same burger, fries and drink would cost $11 or $12 dollars.

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No...that is a HUGE misconception.

For instance, I asked my local White Castle to raise their minimum wage to $10/hr. from $7.25 and the burgers are the same price $0.73 for an Original Slider.

What you are thinking is an equal increase in a profit margin and a business COULD do that; however, it would only be a few cents more expensive.

https://thinkprogress.org/this-is-how-much-a-big-mac-would-cost-if-the-minimum-wage-was-15-184b7523b273


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This is true. My daughter was working at MacDonald's to help with collage. While she was working there the minimum wage went up. You are right the prices stayed the same. But this is what they did. Before wage went up and business was slow they would find something for the employee's to do. But after wage went up they would send people home if business was slow. On top of that they got paid for their lunch break. When wages went up they had to punch out on their time card. As it turned out my daughter made the same amount of money after wage hike. Sometimes less.

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Businesses will do what they can to make up for increases that they should be paying anyway. This is why there is so much government regulation. If businesses would CHILL and pay what people need, there would be no government intervening. This concept seems to be so hard to understand for businesses and for what reason? I have no idea.

Take your example.

"If business was slow, they would find something for the employee's to do."

It is actually up to the discretion of the business to do that and actually, everyone has to be working no matter what!

"When the wages went up, they would send people home."

There should be a guaranteed number of hours in place (of course, since it is part time, a business is not going to do that.)

"On top of that, they were paid on their lunch break."

That was a pretty nice incentive. Did they need to be? Nope. The ethics say to allow all employees to have a reasonable time away from work. It is allowed to be unpaid.

"When wages went up, they had to punch out their time card."

I see nothing wrong with this. Usually, the places I have worked for do is make us work 8 hours and a half and then subtract 30 minutes. We get to take our breaks and paid two 10-15 minute breaks.

There is a problem with regulation; however, if she was working part time, there definitely is no guarantee. Any way you look at it though, she was making a rightful wage. Was it $15/hr.?

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No not $15. I think at that time it was $8.25/hr. Not sure about that. She was part time as were most of the people there. The thing is even with the wage hike all the part time help did not benefit one bit. Some even made less money. If they would do that stuff at $8.25/hr just think what they would do at $15/hr. They would think of some way to make the same profit. All at the expense of the workers and consumers.

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But it would make it much more clearer what the intention was and people would be fighting back. Basically, it is going to be an ongoing fight between workers and business and it keeps everything in check.

For instance, if we had not observed a minimum wage, we would have never known that it had been stagnating for this long. We also would not have known that the housing prices are through the roof and the cost of living has been going up without regards to a person, who works their tail off. These all came about because we saw the results or questioning the wage. To not raise it would mean we remain ignorant to it, we remain ignorant to businesses and their ethics. We, as workers, deserve better; although, it is more or less a choice between what side you are on.

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Oh here is another good one. We put a slam to businesses that paid workers a salary. I am sure you saw an article about this. Some businesses were working their employees to death and giving them a set salary say $15000 a year. It sounds great right? Do the math and it comes out to about minimum wage at 26 biweekly weeks of working 80 hours (of course, some businesses would work their employees way more than that!). Now all businesses have that threshold that they have to pay. This only came about because we observed and did something about it.

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Going watch some TV and get some sleep but I wanted to say this first. You said this:

If businesses would CHILL and pay what people need

I agree somewhat. I have been using MacDonald's for an example. OK they could probably afford some pay hikes. But what about all these mom and pop stores that are doing all they can just to survive. They get a minimum wage of $15/hr many would have to shut down. That benefits no one.

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The government would probably have to loan something to them. It is not really clear what kind of incentive would be given.

Let's start with the corporations first and keep them in check.

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