Ask an expert: Time to raise minimum wage?
MSN Money columnist Anthony Mirhaydari discusses whether a hike is needed and how a change might affect the economy.
Be sure to check out Anthony's new investment newsletter, the Edge, and his money management service,Mirhaydari Capital Management. A two-week free trial has been extended to MSN Money readers. Click the link above to sign up. Mirhaydari can be contacted at firstname.lastname@example.org and followed on Twitter at @EdgeLetter. You can view his current stock picks here. Feel free to comment below.
The minimum wage is intended to provide training for young teens to give them the work experience that would enable them to improve their job skills and potential.
Do we want to provide LESS employment for young people at this time of massive unemployment for the young?
Why stop at a 'living wage' should't everyone in the US be middle or upper class? Why discriminate? Why hold people down? The minimum wage should put everyone in the 'Upper Class'!
So here is the idea - if we get everyone to $400,000 per year they will pay more taxes per the latest confiscation plan from Oboma and thereby support the economy to pay all the bills. Make the minimum wage $196.08 per hour.
My salary has been frozen for the past five years. No cost-of-living increases, no good merit pay. I don't have a problem with people making minimum wage getting an increase, but for God's sake,
how about the government raising OUR wages too? I work for a government agency, and have experienced no raises, furloughs, and cuts across the board. Keep raising minimum wage, and I may as well not have gone to friggin' college at all, the salary will be about the same!
I actually agree with them a lot more than you would think, and mainly to their chagrin. I am talking about Republicans.Or is it the Republican "talking points" I agree with? Once again. I will make sense, and of course, turn those Bohner tears into a bonehead river.
America SHOULD do away with the minimum wage.
Instead, I think America needs to go old school...pay respect to one of America's finest presidents. Lincoln? You are dreaming...Lincoln was among the worst...if you go by what Lincoln did and what Lincoln ACTUALLY stood for (does anyone remember Lincoln suspending Habeus Corpus?). Lincoln and Machevelli can have a man on man baby in hell for all I care...the. ends never justify the means.
I am talking about FDR. Roosevelt understood, perhaps more keenly than most can imagine...what it is to lose what you once had...FDR had polio and could not walk with support in his final days...FDR understood how life can drastically change. FDR understood how heartless the industrial age had quickly become as well and how drastically it changed the fortunes of good people...all in pursuit of the dollar.
In his final days, FDR proposed the Worker's Bill of Rights.
This Bill of Rights would have made working mean something again. It far surpassed any idea any of these modern politicians have come up with.
Minimum Wage IS a joke...I agree. Let's replace with something that has some teeth. Anything less is a waste of my time.
What our economy really needs is for the greedy corporate presidents to stop taking 10's of millions a year in wages and put more people to work. Who needs that much money to live on. Also, our polititions need to take a massive pay cut. After all, they (polititions) work for us and I never approved them getting a pay raise. Lets give them Minimum wage and see how much more they can produce.
Polititions are used to a high salary and very little production. Time to FIRE them....
The idiot author who wrote this article said "Employers have already cut headcount and raised productivity as much as they can; now, in order to sustain growth they must either increase wages or hire more workers." Does he REALLY think that raising wages is a prerequisite for sustaining growth? He just said productivity had already been raised as much as possible.
Evidently he takes the readers on the site to be morons, when in fact, he is the moron.
it is good idea to increase minimum wage, but most important is Rentral compnies must reduce their apartments rents to ease pubic life.
Copyright © 2014 Microsoft. All rights reserved.
3 stocks will be in the spotlight Thursday as investors try to make sense of the numbers from the sector.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.