[video=youtube][/video]
The information I want you to listen to starts at 1m10s into the video.
There was a conversation I was involved with a little bit ago, involving minimum wage. Now I don't want to make this about voting for anyone in particular I just want to talk about the wage's.
In the Democratic debate Bernie Sanders says he's going to increase the minimum wage to 15$ an HOUR.
You might say "Wouldn't that decrease jobs?", "The value of dollar would decrease, wouldn't it?", "Tons of small business's would collapse?".
Trickle-down economics is as predictable as the laws of physics.
"High hourly wages mean nothing to a worker if he has no job," Southern States Industrial Council cautioned in 1938. I think it should be he/she, but it's a quote from 1938, so let's not go there.
Some make the argument "Extending the minimum wage to restaurants would result in immediate unemployment." The federal minimum wage jumped from 40 cents an hour in 1949 to 75 cents in 1950, an 88-percent increase over just one year. Unemployment plummeted, from 5.9 percent in 1949 to 2.9 percent in 1953. Washington raised the minimum wage for tipped workers by 85 percent between 1988 and 1990 — and over the following decade restaurant employment growth somehow managed to outpace the state as a whole.
The obvious answer is people will work harder, no one will swallow their pride for 9 dollars an hour, I sure as hell wouldn't, wouldn't give a damn how young or uneducated I am at the time. Higher paid workers, are more productive, loyal, and reliable. Don't hop on the "higher pay, causes unemployment" bandwagon.
Of course the dollar would be lessened in value, but that is what happens all the time, every day! Think of 25 years ago, how much did things cost then? It's a normal part of life, things go on. Of course our economy "system" is a little fucked up but it's the way it works for now.
Just because working as a cashier isn't meant to support a family, some people have to do it.. (Single parent, going through college, second job, something for the in-between while the company you work for swaps contracts and lays people off and or a back of up plan.)
I have reason to believe that it would make things a whole lot better! Unemployment rates might go down with just this, from the given examples of the past, could it happen again? After Walmart started the 10 dollar wage investment (public knowledge) Walmart's US stores have gone from being 17 percent "Favorable or Acceptable" in February of 2015, to 67 percent. Higher paid employee's tend to give more fucks.
