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Thread: Who benefits most from a minimum wage increase?

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    PhinPhan1227's Avatar
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    Who benefits most from a minimum wage increase?

    Off the top of my head, I'd say Walmart and China. Where else do you think that $2.35 is going to be spent?
    - "What do we mean by the defeat of the enemy? Simply the destruction of his forces, whether by death, injury, or any other means -- either completely or enough to make him stop fighting. . . . ."-Carl von Clausewitz-
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    CharlestonPhan's Avatar
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    alot of Union workers will benefit, many of whom have their salaries tied to the minimum wage in their collective bargaining agreements. they are guaranteed to make X percent above the minimum wage.
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    finfansince72's Avatar
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    Id say poor people that make minimum wage. Walmarts increase should be offset by their increase in wages, at least thats why they keep fighting it.
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    Jimmy James's Avatar
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    I'll take cigarette makers, cheap booze makers, and drug dealers. Oh, and fast food companies.

    Yes, I am kidding, for the record.




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    anditsgood's Avatar
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    Quote Originally Posted by Jimmy James
    I'll take cigarette makers, cheap booze makers, and drug dealers. Oh, and fast food companies.

    Yes, I am kidding, for the record.
    the worst thing about the minimum wage increases is that much will go to taxes
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    ckb2001's Avatar
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    In Oregon, they found a minimum wage increase helped those getting out of welfare and finding work:
    http://www.cbpp.org/529ormw.htm

    "The average starting wage of Oregon parents leaving welfare fell five percent, adjusting for inflation, during the three years prior to the January 1997 increase in the state minimum wage.

    This trend reversed itself immediately after the increase. The average starting wage jumped from $6.15 an hour in the last quarter before the 1997 minimum wage increase took effect to $6.43 an hour in the first quarter following the increase. By the fourth quarter of 1997, the average starting wage had reached $6.65 an hour, an increase of more than five percent, adjusting for inflation, over the same quarter of the prior year.

    These wage increases are unlikely to have occurred simply as a result of the state's strong economy. Economic growth in Oregon was solid prior to the state's minimum wage increase in 1997, but real wages for welfare recipients still declined during that period."
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    PhinPhan1227's Avatar
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    Quote Originally Posted by finfansince72
    Id say poor people that make minimum wage. Walmarts increase should be offset by their increase in wages, at least thats why they keep fighting it.

    The Walmarts around here already pay above minimum wage.
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    anditsgood's Avatar
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    Quote Originally Posted by PhinPhan1227
    The Walmarts around here already pay above minimum wage.
    same here
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    finfansince72's Avatar
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    Quote Originally Posted by PhinPhan1227
    The Walmarts around here already pay above minimum wage.
    Whats the minimum wage there?
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    anditsgood's Avatar
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    Quote Originally Posted by finfansince72
    Whats the minimum wage there?
    i think its 6.75, going toi 7.25

    walmart pays 9-11 depending on shift/job
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