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Old 01-11-2007, 11:01 AM   #1
MadseasoN
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Get ready for prices to go up

Minimum wage to hit $7.25 an hour!

http://chron.com/disp/story.mpl/head...n/4462174.html
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Old 01-11-2007, 11:03 AM   #2
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I saw that on the news last night...

My 99 cent value menu is gonna be 2.00 bucks now:BangHead:
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Old 01-11-2007, 11:04 AM   #3
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....it's about time I got a raise!!
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Old 01-11-2007, 11:06 AM   #4
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Let me share some info on why raising the min wage is not a good idea:

53 percent of those earning $5.15 or less per hour are between the ages of 16 and 24.

Only one in five minimum wage-earners lives in a family that earns less than the poverty line. Three-fifths work part-time, and a majority are under 25 years old. Minimum wage-earners’ average family income is almost $50,000 per year. Very few are single parents working full-time to support their families—no more than in the population as a whole.

http://www.heritage.org/Research/Economy/wm1186.cfm

The real winner here is the government. They get to withhold (and earn interest) on that extra $2.10 that businesses are paying out.
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Old 01-11-2007, 11:07 AM   #5
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Quote:
Originally Posted by BrutusTx
....it's about time I got a raise!!
You need to be giving out loans man.........
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Old 01-11-2007, 11:08 AM   #6
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and i need to hire a guy to do odd jobs around the store











(jking we pay $7-$8/hr to our highschool helpers)
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Old 01-11-2007, 11:09 AM   #7
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Quote:
Originally Posted by denhou1974
Let me share some info on why raising the min wage is not a good idea:

53 percent of those earning $5.15 or less per hour are between the ages of 16 and 24.

Only one in five minimum wage-earners lives in a family that earns less than the poverty line. Three-fifths work part-time, and a majority are under 25 years old. Minimum wage-earners’ average family income is almost $50,000 per year. Very few are single parents working full-time to support their families—no more than in the population as a whole.

http://www.heritage.org/Research/Economy/wm1186.cfm

The real winner here is the government. They get to withhold (and earn interest) on that extra $2.10 that businesses are paying out.
kids!
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Old 01-11-2007, 11:10 AM   #8
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What is the lowest you remember it being? When I got my first yob it was 4.25/hr I think, but I thought I was a badass getting 5.00 w00t! lol

I remember my sister getting her first yob a few years before me making 3.15/hr which was the minimum then.
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Old 01-11-2007, 11:12 AM   #9
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Quote:
Originally Posted by JonEric0430
You need to be giving out loans man.........
Yeah, on my $6.50/hr salary
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Old 01-11-2007, 11:14 AM   #10
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Quote:
Originally Posted by BrutusTx
Yeah, on my $650/day salary
FIXED IT FOR YA.
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Old 01-11-2007, 11:14 AM   #11
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its no affecting tx , as of now
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Old 01-11-2007, 11:15 AM   #12
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Quote:
Originally Posted by BrutusTx
Yeah, on my $6.50/hr salary

Look at the bright side. You're about to earn 7.25/hr!!!!:laughing6
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Old 01-11-2007, 11:15 AM   #13
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Quote:
Originally Posted by ArturoC
What is the lowest you remember it being? When I got my first yob it was 4.25/hr I think, but I thought I was a badass getting 5.00 w00t! lol

I remember my sister getting her first yob a few years before me making 3.15/hr which was the minimum then.
My first job (1989) = $3.85/hr

I remember getting a $115.00 paycheck and thinking "holy !"
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Old 01-11-2007, 11:27 AM   #14
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2007 Minimum Wage Changes







US

Arizona from 5.15 to 6.75 per hour



California from 6.75 to 7.50 per hour



Colorado from 5.15 to 6.85 per hour



Connecticut from 7.40 to 7.65 per hour



Delaware from 6.15 to 6.65 per hour



Florida from 6.40 to 6.67 per hour



Hawaii from 6.75 to 7.25 per hour



Massachusetts from 6.75 to 7.50 per hour



Missouri from 5.15 to 6.50 per hour



Montana from 5.15 to 6.15 per hour



New York from 6.75 to 7.15 per hour



North Carolina from 5.15 to 6.15 per hour



Ohio from 5.15 to 6.85 per hour



Oregon from 7.50 to 7.80 per hour



Pennsylvania from 5.15 to 6.25 per hour



Rhode Island from 7.10 to 7.40 per hour



Vermont from 7.25 to 7.53 per hour



Washington from 7.63 to 7.93 per hour



City of San Francisco, California from 8.82 to 9.14 per hour



City of Albuquerque, New Mexico to 6.75 per hour



Canada



New Brunswick, Canada from 6.40 to 6.60 per hour (no branch)



Newfoundland, Canada from 6.75 to 7.00 per hour (no branch)
7.25 might be a little much though. Maybe 6.50
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Old 01-11-2007, 11:30 AM   #15
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Quote:
Originally Posted by mekrew
2007 Minimum Wage Changes

City of San Francisco, California from 8.82 to 9.14 per hour

:BangHead: steal from the gay and give to the poor!!

cost of living in cali is stupid..
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Old 01-11-2007, 11:34 AM   #16
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And to think minimum wage is what motivated me to go to college and and get a decent job. I worked full time in the summers in high school and got a $300.00 check. There were people at that place that were raising families on that.
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Old 01-11-2007, 11:49 AM   #17
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Quote:
Originally Posted by vfracer-r
Opinions, opinions, opinions. Economists, are like Doctors- if you have two of them in a room, you're going to get two different opinions.

Raising the minimum can (and usually is) very good for the local economy because the more money people make, the more they spend. Cost of living has steadily increased, but the minimum wage has stayed constant. You have to have incentives for people to work the jobs that pay minimum wage too.

Be a pessimist, or an optomist, but regardless of that, raising the minimum wage is not going to make everything expensive or hurt local economy. It has very positive affects too.
click click boom nice headshot.
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Old 01-11-2007, 12:24 PM   #18
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Quote:
Originally Posted by Clayton9698
:BangHead: steal from the gay and give to the poor!!

cost of living in cali is stupid..
If you take away the cost of housing.......it's no more expensive than Texas.
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Old 01-11-2007, 12:33 PM   #19
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Quote:
Originally Posted by BrutusTx
If you take away the cost of housing.......it's no more expensive than Texas.
pretty much everything costs more.. according to my friend Julio that lives in Fresno.. he says everything is more expensive.. gas is always higher by 30-50cents... groceries... toys(bikes and RC cars)... I dont really give a though... I love Texas.. born and raised here...
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Old 01-11-2007, 12:39 PM   #20
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Quote:
Originally Posted by Clayton9698
pretty much everything costs more.. according to my friend Julio that lives in Fresno.. he says everything is more expensive.. gas is always higher by 30-50cents... groceries... toys(bikes and RC cars)... I dont really give a though... I love Texas.. born and raised here...
guess we really are on opposite sides. i can't wait to get the heck away from here. i want to go somewhere with some scenery (like hills and mountains)
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