Originally Posted by 2Poor4Z

umm this is a long drawn out discussion.. and i used to think the same way you do about the minimum wage hike being good for us small time, not so well off people, so that we could make more money.. but after extensive studies through my college degree i found, along with most other well educated business/political/economics persons, that a raise in the minimum wage is actually only harmful to those of use who make minimum wage or even close to it..

it increases high school drop out rate as kids will drop out more easily since they can make more money... it also decreases the number of entry level jobs (those paying minimum wage) as businesses are not willing to pay the increased rate for labor (instead they invent new techology to take the place of those workers and decrease the number of needed employees)..this also causes companies to make job cuts and possibly fire several of there entry level employees (those making minimum wage).. and it also creates raises and job security for those in well experienced, higher level, well paying jobs, (since there are fewer entry level jobs, there are less ways to get into a field and gain experience needed to move up) this hike in job security also makes those currently in higher level, well paid positions, more valuable since there will be no one to take there place (therefore giving those already making well above minimum wage opportunities for more money and advancement)

i hope you understand what i am trying to say.. the minimum wage hikes basically do exactly opposite of what you would think they would do.. they in virtually no way benefit the "little guy" or those making minimum wage..