A Matter of Fairness

MinimumOnce again, the discussion on raising the minimum wage has heated up again; those opposed argue that the economy will be crushed under the weight of its own folly. It has been claimed that raising the minimum wage would have a negative effect on employment and at a time when the unemployment rate continues to linger around 8 percent. Employers, particularly small business employers would resist hiring additional workers or even reduce their workforce outright. Microsoft founder Bill Gates, on MSNBC’s Morning Joe, when asked what would happen if employees were paid “a lot more”, cautioned:

“Well, jobs are a great thing. You have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things — or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

The headline of the comment was, Bill Gates: Raising Minimum Wage Can Destroy Jobs. Ironically, the tag underneath the image of Gates read: THE WEALTH DIVIDE – THE RICH GET RICHER.

 

The minimum wage was last increased in 2009 to $7.25 per hour or just over $15,000 a year for a worker who is lucky enough to get paid for all 52 weeks of the year. Over the last 20 years, workers have been rendered powerless as worker rights have diminished and income disparities have grown dramatically. While the wealth of the top1percent has ballooned to over 40 percent of the nation’s wealth, the bottom 50 percent has plummeted to a jaw dropping 1.1 percent; and that was in 2010.  To be clear, there has never been any accurate statistical correlation drawn between a moderate raise of the minimum wage and a drop in employment. Let me say it another way; there is no proof that raising the minimum wage judiciously will decrease jobs; there is only rhetoric, assumption and false analogies. In fact, the Department of Labor, as well as a joint study by Princeton University and the University of Wisconsin reports that the last two increases had an insignificant effect on employment.

 Greed

What is reality is that raising the wages of workers is the single greatest economic stimulus to the American economy. Higher wages means that workers will have a higher stake in the health and welfare of the American economy. Even a $.90 increase in the minimum wage buys 7 months of groceries, a year of healthcare costs, 9 months of utility bills or full year’s tuition at a local 2-year college. So why do proponents raise such a fuss, it’s simple, business owners, and investors fear a reduction in profits. Anything that reduces or threatens the sacred shareholder percentage is damned as intolerable. A sad truth is that 63 percent minimum wage workers are adults over the age of 20, many of whom account for 51 of their household’s income; these are not the burger-flipping teens of urban myth. Raising the minimum wage is not only a sound investment in America’s most precious resource; it is plainly the right thing to do.

 

 

~ Richard

 

Related articles

Companies Should Not Shy Away From Embracing Differences

By Alison Johnson

By Alison Johnson

It is not enough to simple acknowledge those that have different views or come from different places; welcoming and acceptance are high values, values which allow all employees to come together in a spirit of common purpose, trust and shared reliance. If your organization has committed to leading the way toward an environment which embraces differences in culture, gender, age, experience and perspective, then the next most important decision is how best to encourage and celebrate those expressions of rituals, artifacts, heroes and values that signify our uniqueness and demonstrate our commonality.

Navigating a potential minefield of politically incorrect missteps is one reason why most companies only offer token acknowledgement of diversity. One person’s values may be completely misunderstood or even found to be offensive to another. It is perfectly understandable why some leaders would prefer to remain as generic and neutral as possible. If real values are going to be a priority, the only real defense against bias and misunderstandings is education and communication. Positive relationships are established and honed as much through the trials of disagreement as mutual interest; certainly much more than generalized pleasantries.

The real gem to be found in embracing differences is that your employees will begin to feel as if your organization is where they belong. It is not necessary that the process be perfect, because your employees will feel the integrity of your efforts, providing that integrity actually exists. This may require a shift in perception of what your office, your employees and even your company image should look like. This is a huge step for leaders, I get that; nothing is more difficult for those who are used to being in control than relinquishing even a small part. Whether yours is a company that has many years in the market, or just starting out; when considering corporate values, it is not only the corporation’s which must be considered. Understanding the values of all your employees and embracing them will create a workforce whose dedication runs deeper than the temporary comfort of a salary.

~ Richard

Onion-free

Information, recipes and antidotes about onion allergy

Listening to Others

Employees ~ Patrons ~ Community ~ Environment

creativedeeds

Reading Addict with EXTREMELY Eclectic Taste

The Grant Writer's Life

A blog for beginners

JACK MONROE

COOKING ON A BOOTSTRAP & MORE

Just Alyssa

...everything you need to know about Alyssa Royse, and a lot of stuff you don't...

Stef Clendenen

voice artist, writer

Pilot Fish

Exploring the Creative Seas With P.A. Moed

365 Days of Bacon

Every day. Bacon-fied.

THE ART-I-FACT

the Poetictiscal Realm

It Is What It Is

Dr. Rex .... Blogging for change.

Musings of a Soul Eclectic

Thoughts and Images from the Mind of Emily Karn

philosiblog

Home of the Examined Life

Don Charisma

because anything is possible with Charisma

johncoyote

Poetry, story and real life.

Ray Ferrer - Emotion on Canvas

** OFFICIAL Site of Artist Ray Ferrer **

Book Hub, Inc.

The Total Book Experience

The Abuse Expose' with Secret Angel

A blog reaching out to victims of abuse and others in need, providing insight about abuse, hope for the future, and guidance to see THE LIGHT that lead Secret Angel out of the darkness of her own abusive situation and helped her to not only survive but to overcome.

%d bloggers like this: